Economy and business news from around the world

Economy

'High priest of Project Fear': Mark Carney slammed over dire Brexit warnings

Bank of England Governor warned of a 35 percent crash in the British housing market.

Sep 14, 2018

By Associated Press

Brexit European Union

Turkish central bank defies Erdogan and hikes interest rates to stem lira crisis

The Turkish lira has plunged in recent months and is down almost 39 percent against the dollar in 2018.

Sep 13, 2018

By Suzan Fraser

Did Trump just blink in China trade war? Washington asks to resume talks on tariff fight

American and European chambers of commerce report that foreign companies in China have been hurt by earlier tariff hikes.

Sep 13, 2018

By Associated Press

Donald Trump

Tory Brexit rebels in retreat? Plot to topple Theresa May denied

Several dozen rebel MPs have discussed attempting to trigger a no-confidence vote in May.

Sep 12, 2018

By Associated Press

Brexit Theresa May European Union

Argentina, Turkey, Indonesia – why it's too early to speak of contagion in emerging markets

Weak economic fundamentals, not blind investor panic, has driven a summer of currency crises.

Sep 11, 2018

By Alain Naef

Argentina IMF

Brexit Houses of Parliament demonstrators

Brexit is no big deal, say London's top bankers

In the aftermath of Britain's vote to leave the EU in June 2016, many experts had warned that Britain's financial services industry would see hefty job losses.

Sep 11, 2018

By Associated Press

Brexit

Here's how the looming US trade war with China will hurt Apple

The iPhone maker has warned the Trump administration that the proposed tariffs will hurt the tech giant, despite earlier optimism to the contrary.

Sep 11, 2018

By Danny Vena

Apple

Good news for UK economy as pay rates finally pick up

Official figures show UK wages climbing for first time in six months and a record number of job vacancies.

Sep 11, 2018

By Associated Press

North Korea's soft focus: Kim Jung un stresses economy, not nukes, on 70th anniversary

The "new line" of putting economic development first has been Kim's top priority this year.

Sep 9, 2018

By Associated Press

North Korea

Grey power: Could Russia's pensioners be the downfall of Vladimir Putin?

A recent opinion poll shows Putin's approval ratings crashed this summer following the announcement of the pension reform

Sep 7, 2018

By Associated Press

Vladimir Putin Russia

U.S business fears worst as Trump's $200 billion tariff blitz on China goods looms

China said it is ready to impose retaliatory tariffs on $60 billion worth of U.S. goods if that happens.

Sep 6, 2018

By Associated Press

Donald Trump

Will there be a new financial crisis? Emerging markets spiral into turmoil

Worry that big losses in some developing markets could ripple out into the global financial system.

Sep 5, 2018

By Associated Press

Argentina Turkey

Is Trump losing the tariffs war he started? US trade deficit widens to $50.1 billion

Trade gap with the EU shot up 50 percent to a record $17.6 billion and with Canada nearly 58 percent to $3.1 billion.

Sep 5, 2018

By Associated Press

Donald Trump European Union

Theresa May's Brexit battle resumes with attacks from both wings of Conservative Party

Boris Johnson, who resigned as foreign secretary after feuding with May over Brexit, used his column in the Daily Telegraph to accuse May of surrendering to the EU.

Sep 3, 2018

By Associated Press

Theresa May Brexit European Union

London Crossrail: Opening of UK's biggest infrastructure project hit by major delays

The new east-west London railway - named the Elizabeth line - has cost around £15 billion.

Aug 31, 2018

By Associated Press

London

Indigenous people of the Guarani-Kaiowa tribe

How indigenous peoples\' lives are being destroyed by global agribusiness in Brazil

The Kaiowá and Guarani have no access to drinkable water, no protection from agro-chemical contamination, and no adequate conditions for planting, hunting or fishing.

Aug 31, 2018

By Francesca Fois

Brazil