Economy

• Friday, November 10th 2017 - 21:11 UTC

  Brexit has a date and will be written into law: 11pm GMP 29 March 2019

  

  The date of Brexit will be written into law as Theresa May warned Tory rebels that the process of leaving the European Union will not be derailed. Amendments to legislation going through Parliament will spell out that the UK’s membership of the EU will end at 11pm GMT, midnight in Brussels, on 29 March 2019.

• Friday, November 10th 2017 - 18:25 UTC

  Europe gets tough on Brexit: UK has two weeks to clarify key issues or make concessions

  

  The UK has two weeks to clarify key issues or make concessions if progress is to be made in Brexit talks, the bloc's chief negotiator has said. Michel Barnier was speaking after meeting the Brexit secretary for talks on citizens' rights, the Irish border, and the UK's “divorce bill”.

• Friday, November 10th 2017 - 17:59 UTC

  Trump doesn't blame China for its trade surpluses: “they work for the benefit of their citizens”

  

  President Donald Trump has said he does not blame China for the “unfair” trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China “credit” for working to benefit its citizens by taking advantage of the US.

• Friday, November 10th 2017 - 17:46 UTC

  Strong tourism demand during the boreal summer; arrivals in July/August totaled over 300 million

  

  Demand for international tourism remained strong during the Northern Hemisphere summer peak season. International tourist arrivals in July and August totaled over 300 million for the first time ever according to the latest UNWTO World Tourism Barometer. Many destinations reported double-digit growth, in particular in the Mediterranean.

• Friday, November 10th 2017 - 01:37 UTC

  American Airlines purchases ten more E 175 from Embraer Brazil

  

  Brazil's Embraer and American Airlines Inc. signed a firm order for ten E175 jets. American Airlines is exercising its purchase rights from its original contract with Embraer signed in 2013. This new order is in addition to the one placed in April for four aircraft; is valued at US$ 457 million, based on current list prices, and will be included in Embraer’s fourth-quarter backlog. Deliveries begin in 2018 and continue through mid-2019.

• Friday, November 10th 2017 - 01:02 UTC

  Argentine inflation forecasted to end at 21% this year and 14.3% in 2018

  

  Argentina's annual core inflation forecast for the end of 2017 rose by 0.7 percentage point (pp) in November to 21%, according to a monthly survey conducted by the Argentine central bank. For 2018, analysts estimated a 14.3% annual inflation, from 14% in the previous survey.

• Friday, November 10th 2017 - 00:18 UTC

  US unemployment falls to its lowest in 17 years during October

  

  The U.S. unemployment fell to its lowest level in nearly 17 years in October, according to data released this week, which President Donald Trump said was proof his policies are bearing fruit. Job creation resumed climbing, albeit at a slower rate than expected, after two late-summer hurricanes hit the US economy, according to the Labor Department’s key monthly employment report.

• Thursday, November 9th 2017 - 22:04 UTC

  Brazil central bank urges congress to approve the pension system reform

  

  Brazil’s congress needs to reform the country’s pension system while global markets are favorable or risks facing more volatility, central bank chief Ilan Goldfajn said during an event in Uruguay.

• Wednesday, November 8th 2017 - 21:02 UTC

  Latin America's exports expected to increase 10%, following four years of declining prices

  

  In 2017 Latin America and the Caribbean will have left behind half a decade of prices decline of its export basket plus a weak increase in the exported volume, achieving an overall 10% growth in the value of its shipments abroad, according to new estimates released by ECLAC in Chile.

• Wednesday, November 8th 2017 - 19:47 UTC

  Winners of Uruguay’s Prado Show Hackathon Agro competition visited England

  

  Winners of the Hackathon Agro competition co-organized by the UK embassy in Uruguay, the local Cámara Uruguaya de Tecnologías de la Información (CUTI) and Fundación da Vinci, have visited England. Carlos Capano, Juan Francisco Kniazev and Agustín Ackermann, shared their experiences from their trip to England with Ambassador Ian Duddy, upon their return.