Politics

Wednesday, September 19th 2018 - 09:03 UTC
Peruvian president in standoff with congress: fresh elections if reforms are not approved

Peru's president is facing a standoff with lawmakers over his call for a referendum on anti-corruption measures and constitutional reforms.
Wednesday, September 19th 2018 - 08:59 UTC
Apple pays €14.3bn to the Irish treasury, an EU tax Dublin does not want to collect

Apple has paid the Irish government €14.3bn (£12.7bn), money that the European Commission ruled the tech giant owed due to illegal tax breaks. Ireland's Finance ministry said the payment was a “significant milestone”, although Dublin insists Apple was not given any special tax treatment. In 2016 the Commission ruled the below 1% effective tax rate the firm paid in Ireland amounted to illegal state aid.
Wednesday, September 19th 2018 - 08:56 UTC
Mini factory in Oxford will shut down for a month in April 2019 in case of a no deal Brexit

Mini factory in Oxford will shut down for a month after Brexit at the end of March to minimize disruption in case of a no-deal outcome. Owner BMW said its summer maintenance shutdown had been brought forward to 1 April to reduce any “possible short-term parts-supply disruption”.
Wednesday, September 19th 2018 - 08:50 UTC
Record US$ 27.5 million settlement with New York Catholic church regarding sex abuses

The Catholic church in New York has reached a record US$ 27.5 million settlement with four men who said they were sexually abused as children, attorneys said on Tuesday. The Diocese of Brooklyn, one of the city's boroughs, agreed to make the payments to the four, who were sexually abused between 2003 and 2009 by their religion teacher, their lawyers said.
Wednesday, September 19th 2018 - 08:50 UTC
Tit for tat: China adds US$ 60bn of US imports to its tariff retaliation list

China and the United States plunged deeper into a trade war on Tuesday after Beijing added US$60 billion of US products to its import tariff list in retaliation for President Donald Trump's planned levies on US$200 billion worth of Chinese goods.
Wednesday, September 19th 2018 - 08:37 UTC
Brazilian customs impound US$ 16 million from son of African dictator

The tiny West African state of Equatorial Guinea on Tuesday demanded Brazil hand back more than US$ 16m in cash and luxury watches that border officials confiscated from a delegation accompanying the president's son. Foreign Minister Simeon Oyono Esono Angue denounced the seizure as “paltry and unfriendly behavior” and demanded the items be returned, state television TVGE said.
Wednesday, September 19th 2018 - 08:11 UTC
China agreed to invest US$ 5bn in Venezuelan oil, alleges Maduro

Venezuelan President Nicolas Maduro said on Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.
Tuesday, September 18th 2018 - 08:58 UTC
Trump escalates the trade war with China imposing 10% tariffs on US$ 200bn imports

United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.
Tuesday, September 18th 2018 - 08:51 UTC
IMF's Lagarde: A no-deal Brexit would entail substantial costs for the UK economy

The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”.
Tuesday, September 18th 2018 - 08:44 UTC
Maduro's Turkish stake delight, shocks and infuriates hungry Venezuela

Venezuelan President Nicolas Maduro dined on expensive steak at a “Salt Bae” restaurant in Istanbul during a stop-off returning from a visit to China, drawing furor back home where millions struggle to get enough to eat and red meat is a rare luxury.