International

Tuesday, July 24th 2018 - 06:35 UTC
Some eight million of UK “just managing families” no better off than in 2003

Millions of “just about managing” families are no better off today than those in 2003, new research from the UK's Resolution Foundation indicates. The remarkable income stagnation for so many reveals that the British economy has been failing to generate income for people over many years despite record levels of people in work.
Tuesday, July 24th 2018 - 06:21 UTC
Foreign secretary pleads for more EU flexibility in Brexit talks: fears of a “no deal by accident”

A no-deal Brexit would damage British relations with Europe for a generation, Jeremy Hunt warned as he pleaded for Brussels to show more flexibility in negotiations. The Foreign Secretary used a visit to Berlin to say that while a failure to achieve a Brexit deal would be “challenging” for the UK, it would “thrive” in the long term.
Tuesday, July 24th 2018 - 05:30 UTC
IMF's Lagarde forced to return to Buenos Aires

An American Airlines flight carrying International Monetary Fund Managing Director Christine Lagarde made an emergency landing in Argentina shortly after taking off from Buenos Aires’ Ezeiza airport on Sunday, several local media outlets reported.
Tuesday, July 24th 2018 - 04:28 UTC
IMF underlined financial pressures risks for vulnerable emerging economies

The IMF urged that trade conflicts be resolved via international cooperation, without resorting to exceptional measures, and underlined the world economy is facing increasing risks especially financial pressures in vulnerable emerging economies and the return of sovereign risks in parts of the Euro area.
Monday, July 23rd 2018 - 08:03 UTC
Statement by the UK government on the situation in Nicaragua

”The worsening situation in Nicaragua is alarming. The United Kingdom reiterates its condemnation of the violence in Nicaragua, in particular the deliberate excessive use of force by police and pro-government armed groups against the people of Nicaragua, which has led to an increasing number of injuries and deaths.
Monday, July 23rd 2018 - 07:29 UTC
G20 ministers warn trade tensions risk derailing global growth and call for greater dialogue

Finance ministers and central bankers from the world’s largest economies said on Sunday that heightened trade and geopolitical tensions risk derailing global growth and called for greater dialogue, according to the final communique of a G20 meeting.
Monday, July 23rd 2018 - 07:15 UTC
Top grades for Macri and his reform policies from IMF's Lagarde

Christine Lagarde, Managing Director of the International Monetary Fund, met with Argentina’s President Mauricio Macri, Finance Minister Nicolas Dujovne and Central Bank Governor Luis Caputo in the context of the Group of 20 Finance Ministers and Central Bank Governors meeting in Buenos Aires over the weekend.
Monday, July 23rd 2018 - 06:53 UTC
Mexico and Canada optimistic about NAFTA trade talks with the US

The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
Monday, July 23rd 2018 - 06:48 UTC
US Treasury Secretary denies any chance or a currency war

United States Treasury Secretary Steven Mnuchin said there’s no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said “no,” declining to elaborate during a press conference in Buenos Aires on Sunday.
Monday, July 23rd 2018 - 06:23 UTC
UK expects to reach a Brexit deal with EU by October, but is also preparing for a “no-deal” scenario

A deal with the EU can be reached by October but the UK is preparing for the possibility of no deal, Brexit Secretary Dominic Raab has said. Raab is expected on Thursday in Brussels for further talks and pledged to strain “every sinew” to get “the best deal”. But, the government had plans in place in case talks did not end well, he admitted in an interview with BBC.