Economy

• Saturday, February 4th 2017 - 06:24 UTC

  British supermarkets rationing vegetables; adverse weather conditions in Europe

  

  British supermarkets have begun rationing vegetables, as adverse weather conditions in Europe have led to a shortage of products in UK stores. On Friday Tesco said customers will be limited to buying a maximum of three iceberg lettuces per visit, adding bad weather in Spain had triggered “availability issues”, although it added suppliers were looking to resolve the issue.

• Saturday, February 4th 2017 - 06:15 UTC

  UK assures Gibraltar about access to financial services market and sovereignty

  

  Britain will maintain Gibraltar’s existing access to the UK financial services market and broaden it where possible, a British Government minister told the House of Lords on Thursday, as he insisted sovereignty was “simply not on the table” in the Brexit process.

• Friday, February 3rd 2017 - 11:23 UTC

  Bank of England forecasts strong economic growth in next three years

  

  The Bank of England revised up its economic growth forecasts for the British economy for the coming three years, crediting much of the improvement to the government’s decision to ease up on austerity in the wake of the country’s vote to leave the European Union.

• 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.