Economy

Thursday, February 2nd 2017 - 11:44 UTC
Parliament backs by clear majority Brexit negotiations

MPs have voted by a majority of 384 to allow Prime Minister Theresa May to get Brexit negotiations under way. They backed the government's European Union Bill, supported by the Labour leadership, by 498 votes to 114. However the SNP, Plaid Cymru and the Liberal Democrats opposed the bill, while 47 Labour MPs and Tory ex-chancellor Ken Clarke rebelled
Thursday, February 2nd 2017 - 11:12 UTC
Industrial output in Brazil dropped 6.6% last year compared to 2015

Brazil's industrial output rose in December at its fastest monthly pace in two and a half years, in a likely one-time boost that did not reverse the sharp losses of one of the worst years on record for local manufacturers.
Thursday, February 2nd 2017 - 10:32 UTC
White Paper on Brexit planning to be released on Thursday, announces PM May

Prime Minister Theresa May has confirmed that Downing Street will publish a white paper on Brexit planning on Thursday. Speaking from the dispatch box at Prime Minister's Questions, May confirmed the arrival of the paper in response to a question from Tory backbencher Maria Miller.
Tuesday, January 31st 2017 - 23:19 UTC
Argentina declares 2017 Renewable Energy Year; 20% electricity share by 2025

Argentina has declared 2017 as the ‘Renewable Energy Year’ as the country looks to increase awareness about the advantages of renewable energy and the important of sustainability. A decree issued by the government calls for energy diversification through the use of renewable energy sources in the electricity generation as well as thermal energy sector.
Tuesday, January 31st 2017 - 22:21 UTC
Volkswagen overtakes Toyota as world's top leading automaker in 2016

Toyota lost its crown as the world's top-selling automaker in 2016, company figures showed Monday, with the Japanese giant overtaken by Volkswagen as the industry prepares for an uncertain trade environment under Donald Trump. The German automaker moved back into the top spot despite being hit by a massive emissions cheating scandal that rocked its reputation.
Tuesday, January 31st 2017 - 22:06 UTC
Deutsche Bank fined in US and UK for helping Russians money launder

Deutsche Bank has been fined US$630m by US and UK regulators in connection with a Russian money laundering plan. Under the scheme, clients illegally moved US$10bn out of Russia via shares bought and sold through the bank's Moscow, London and New York offices.
Tuesday, January 31st 2017 - 21:56 UTC
Brazil to lift restrictions on foreign ownership of airlines and farm land

President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday.
Tuesday, January 31st 2017 - 21:14 UTC
House of Commons begins two-day debate on Brexit formal process

British MPs are to begin on Tuesday two days of debate over the government's parliamentary bill to get the formal process of Brexit under way. Discussions on the European Union Bill have been extended to midnight on Tuesday to accommodate more speakers, with a vote to take place on Wednesday.
Tuesday, January 31st 2017 - 21:03 UTC
Brazilian government is “meeting its budget deficit”, says minister Meirelles

Brazil's central government registered a primary budget deficit of 154.255 billion reais (US$49.40 billion) in 2016, meeting its target but recording a third consecutive annual deficit that reflects the dire state of the country's finances. In December, the country posted a primary deficit of 60.124 billion reais (US$19.25 billion).
Monday, January 30th 2017 - 11:36 UTC
Chile arrests 43 people suspected of stoking some of the forest fires

Authorities in Chile have detained 43 people suspected of stoking some of the deadly forest fires that have killed 11 people and destroyed large swaths of land, according to President Michelle Bachelet.