Economy

• Sunday, April 30th 2017 - 09:36 UTC

  Labour says Theresa May has to “wake up” and avoid a chaotic Brexit.

  

  Theresa May has been told to “wake up” and realize that Britain is moving towards a “chaotic Brexit” after European Union leaders agreed there can be no parallel exit and trade talks. At a crunch European Council summit in Brussels, leaders of the other 27 EU countries agreed their negotiating guidelines and insisted talks must take a “phased” approach.

• Saturday, April 29th 2017 - 15:11 UTC

  Bad news for Trump: US economy growth slows strongly in first quarter, 0.7%

  

  The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014, which is unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%.

• Friday, April 28th 2017 - 17:28 UTC

  General strike in Brazil to protest changes to labor laws and pensions system

  

  Public transport largely came to a halt across much of Brazil on Friday as protesters blocked roads and scuffled with police in a general strike to protest proposed changes to labor laws and the pension system. It is the first general strike in over two decades.

• Friday, April 28th 2017 - 17:23 UTC

  Brazil hit by record 13.7% unemployment in March, 14 million out of a job

  

  Brazil's jobless rate rose to a record for the fifth straight month in March with more than 14 million workers unemployed, government data showed on Friday, illustrating the hardships caused by the country's deepest recession ever.

• Friday, April 28th 2017 - 11:09 UTC

  Trump opts to renegotiate NAFTA agreement; talks to Peña Nieto and Justin Trudeau

  

  President Trump told reporters Thursday he had been planning to terminate the North American Free Trade Agreement within days, but decided to try to renegotiate the agreement instead. The president held out the possibility of killing the trade deal later if the negotiations fail.

• Friday, April 28th 2017 - 11:01 UTC

  Falklands: Argentine investors project to build a Howard Johnson hotel in Stanley

  

  An Argentine businessman and partner of the US based Howard Johnson, with 37 hotels under that name in Argentina, Uruguay and Paraguay, is attempting to refloat an old project to install a 40 rooms complex in the Falkland Islands, according to media reports in Buenos Aires.

• Friday, April 28th 2017 - 09:50 UTC

  Joint Statement from President Donald J. Trump and President Mauricio Macri

  

  President Donald J. Trump hosted President Mauricio Macri of Argentina (Thursday 27 April) to discuss ways to deepen the close partnership between the United States and Argentina.

• Friday, April 28th 2017 - 03:03 UTC

  Argentine economy contracted in February, but in March consumer confidence is picking up

  

  Argentina's economy contracted 2.2% on the year in February, indicating that the country's widely expected fiscal recovery may end up being slower than anticipated this year. The economy also shrank 1.9% from the previous month, the national statistics agency Indec reported. The data come after Argentina's economy grew 1.4% on the year in January.

• Thursday, April 27th 2017 - 23:44 UTC

  Falklands airbridge working; no reply from Argentina on a second flight

  

  Falkland Islands lawmaker, MLA Mike Summers apologized on behalf of the UK Ministry of Defense (MoD) for the disruption that the flight diversion from Ascension Island had caused, but said he knew they were working hard to ensure proper arrangements were in place for the continuation of the air bridge with the UK.

• Thursday, April 27th 2017 - 09:21 UTC

  Trump announces plan to lower taxes; Wall Street cautious, Democrats call it a handout to the wealthy

  

  President Donald Trump administration on Wednesday presented a sweeping plan to lower tax rates for individuals and businesses, saying it would create the biggest tax cut in United States history. However US markets slid at the close after the Trump administration outlined the tax cut plan and Democrats described it as a handout to the wealthy that would expand the deficit.