Economy

Friday, April 20th 2018 - 08:26 UTC
South Georgia fishing licenses dispute will be appealed before the High Court in London

A British fishing firm has won the right to appeal against a controversial decision to hand lucrative fishing licenses to foreign rivals in the South Atlantic, according to a report from Daniel Martin in the Daily Mail.
Thursday, April 19th 2018 - 19:16 UTC
International coffee house and Mexican partner open first store in Montevideo

Starbucks has opened with great success its first store in Uruguay at the Montevideo Shopping mall in the capital city Montevideo. The store has a unique design and offers a wide range of Starbucks beverages and food, including Starbucks 100% arabica coffees from Latin America and around the world.
Thursday, April 19th 2018 - 18:17 UTC
UK unions up in arms over MOD plan to invite foreign companies to build RFA ships

Overseas shipyards including some in Spain are “eyeing up” a £1 billion order for three new Royal Fleet Auxiliary ships, a UK union claims. The GMB said the UK Government should reverse a decision to put the contract out to international tender later this month.
Thursday, April 19th 2018 - 18:15 UTC
US/China trade war reaches Midwest sorghum with tariffs of 178.6%

United States sorghum farmers fear they will lose their largest export market if China follows through with a tariff on their crop. China imposed preliminary anti-dumping tariffs of 178.6% on U.S. sorghum this week as part of its ongoing trade dispute with the U.S.
Thursday, April 19th 2018 - 18:08 UTC
UK inflation in March falls to 2.5%, lowest rate in twelve months

UK consumer price inflation fell in March to 2.5%, the lowest rate in a year, according to the Office for National Statistics. It fell from 2.7% in February after prices for women's clothing rose at a slower pace than last year. The data appears to show that the squeeze on UK households may be coming to an end as wages rise.
Wednesday, April 18th 2018 - 18:19 UTC
IMF warning on global debt and financial stability: US and China targeted

The International Monetary Fund says that high global debt is a concern. In a new report, the IMF says governments should use the current strong economic growth to strengthen their finances. The organization also says that risks to global financial stability have increased.
Wednesday, April 18th 2018 - 08:51 UTC
NAFTA round of negotiations expected to resume this week

The ministers leading the renegotiation of the North American Free Trade Agreement (NAFTA) could meet again on Thursday in Washington as they push for quick progress, Mexican Economy Minister Ildefonso Guajardo advanced. Guajardo said he had spoken to Canadian Foreign Minister Chrystia Freeland on Monday and would talk to U.S. Trade Representative Robert Lighthizer to see about agreeing a trilateral meeting in Washington on Thursday.
Wednesday, April 18th 2018 - 08:38 UTC
Chinese economy expands at an annual rate of 6.8% in the first quarter, says Beijing

China's economy grew at an annual pace of 6.8% in the first quarter compared to the same period last year, according to official data, beating forecasts for the period. The growth figures for January to March were also above Beijing's 2018 annual growth target of “around 6.5%”
Wednesday, April 18th 2018 - 08:32 UTC
China opens its car manufacturing and market to foreign ownership

China will allow full foreign ownership of car firms by 2022 in a move that could open up the world's biggest car market. The plans will change rules that require global carmakers to work through state-owned partners. The US says this forces them to share technology with potential competitors.
Wednesday, April 18th 2018 - 07:56 UTC
IMF semi-annual report warns of choppy waters ahead: protectionism and trade wars

While the world economy continues to show broad-based momentum, a new report released on Tuesday by the International Monetary Fund (IMF) is warning that there may be choppy seas ahead, caused by increasing protectionism or tit-for-tat trade wars.