Economy

Monday, August 28th 2017 - 08:56 UTC
Third round of Brexit talks in Brussels with not much flexibility from either side

Brexit Secretary David Davis is heading for a Brussels showdown, with a demand for the European Commission to be more “flexible” in negotiations on the UK’s withdrawal from the EU. With the third round of formal talks beginning on Bank Holiday Monday in the Belgian capital, Davis is pushing for EU negotiator Michel Barnier to be less rigid in his refusal to discuss the post-Brexit relationship between the UK and Europe.
Monday, August 28th 2017 - 07:52 UTC
Falklands: Premier Oil is asking for export funds to develop Sea Lion, reports Financial Times

The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021.
Sunday, August 27th 2017 - 09:28 UTC
Guilford will export 90 iconic red double-decker buses for Mexico

UK-based vehicle manufacturing outfit Alexander Dennis will be exporting 90 iconic red double-decker buses to Mexico, the company confirmed on Wednesday. The contract was backed by an equivalent £44m finance deal via UK Export Finance – part of the Department for International Trade - which has provided £1.7bn of backing to businesses since the department's creation in 2016 to “help businesses export post-Brexit”.
Saturday, August 26th 2017 - 16:50 UTC
Yellen defends 2008 financial regulations, but cuts her reappointment chances with Trump

Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system's health and disputing criticism that the rules have hurt lending.
Saturday, August 26th 2017 - 08:17 UTC
Maduro reacts to Trump's sanctions: “we will sell our oil to other markets”

Venezuela's President Nicolás Maduro has said that a preliminary analysis shows that new financial sanctions imposed by the United States will lead to a halt in oil exports to the US. President Trump's order bans trade in Venezuelan debt and blocks its state oil firm from selling bonds in the US.
Friday, August 25th 2017 - 14:24 UTC
“Continued free flow of personal data”, another challenge for Brexit

The UK will seek “new arrangements” with the EU in order to allow for the continued free flow of personal data, according to a government paper. Many UK businesses and law enforcement agencies rely on EU data.
Friday, August 25th 2017 - 14:17 UTC
Strong message to trademark infringements in China: New Balance wins case against local shoemakers

New Balance has won a record payout in a Chinese trademark case after three local shoemakers were found to have infringed the brand's “N” logo. A Chinese court awarded the US sportswear firm more than 10 million Yuan (US$1.5m).
Friday, August 25th 2017 - 13:13 UTC
Qantas...nonstop flights between Sydney and London in 2022

Australian airline Qantas said it wants to introduce nonstop flights between Sydney and London in 2022 and will choose between Boeing’s new 777-8X and Airbus’ A350-900 to fly this ultra-long-haul route.
Friday, August 25th 2017 - 12:11 UTC
Montevideo port operators warn about increase costs' increase and loss of activity

Montevideo port agents and operators have publicly expressed their concern regarding some articles included in the current budget discussions which are contrary to the constitution, labor legislation and will unnecessarily increase costs and have a direct impact on the port's competitiveness.
Friday, August 25th 2017 - 09:31 UTC
Brazil opens vast Amazon nature reserve to mining

Brazil stripped a vast Amazon nature reserve of its protected status in a move that could expand mining in the region, in a decree published on Wednesday. The four million-hectare reserve is home to indigenous people but also rich in gold and manganese.