Economy and business news from around the world

Economy

UK economy gets World Cup lift despite Brexit uncertainty

The British economy's third-quarter performance was the highest since the fourth quarter of 2016.

Nov 9, 2018

By Associated Press

Brexit

US trade deficit with China hits record despite Trump's tariff war

Imports climbed 1.5 percent to a record $266.6 billion in August, led by an influx of telecommunications equipment and clothing.

Nov 2, 2018

By Associated Press

Donald Trump

Hungry and lonely: Life in Britain's 'food deserts'

A study has found that more than a million low-income households live in areas known as "food deserts", where access to good quality food is likely to be a challenge.

Oct 30, 2018

By Megan Blake

Wall St. disconnect: Traders panicky despite robust economy

Investors fear a constellation of concerns from rising interest rates, intensifying tensions over trade, a slowdown in China and the prospect that U.S. corporate earnings growth will soon stall.

Oct 26, 2018

By Associated Press

Donald Trump

Brexit diet could lead to 5,600 deaths a year as fresh fruit and veg prices shoot up

Brexit-related increase in trade costs will make it harder to get hold of foods that are critical components of healthy diets and chronic-disease prevention.

Oct 25, 2018

By Marco Springmann

Brexit

What is Theresa May's Brexit strategy? Another day, another battle to survive

May faces growing dissent and vitriol from her political opponents in her own Conservative Party.

Oct 22, 2018

By Associated Press

Theresa May Brexit

We must stop a minority of Brexit fanatics from holding the United Kingdom to ransom

The hard Brexit wheels are coming off. We know it, the EU knows it, May knows it.

Oct 19, 2018

By Andy Price

Brexit European Union EU Referendum

Italy's 'unprecedented' budget spooks the financial markets

The European Commission issued a sharp rebuke of Italy's budget, which targets a 2.4 percent deficit for next year.

Oct 19, 2018

By Associated Press

Brexit deadlock: Tories in turmoil as May floats idea of extending post-Brexit transition

Embattled Theresa May enrages Tory MPs as divorce talks between Britain and the EU stall on the issue of the Irish border.

Oct 18, 2018

By Associated Press

European Union Brexit

Donald Trump and China's President Xi Jinping

China managing slowdown amid US tariffs, has room to do more

Analysts told the International Business Times that China has more policy options up its sleeves

Oct 17, 2018

By Pronita Naidu

Trump tariffs yet to sting China; pain could begin in January

Analysts warn the 25 percent tariffs from 2019, could slow Chinese growth, raise U.S. inflation and put more downward pressure on emerging markets.

Oct 17, 2018

By Pronita Naidu

Brexit deal hamstrung by Irish border 'backstop' issue

Prime Minister Theresa May says "a border in the Irish Sea" was unacceptable.

Oct 15, 2018

By Associated Press

Brexit Theresa May European Union

Death of an American icon: Retail giant Sears files for Chapter 11 bankruptcy protection

A decade ago shares were trading at around $141. They are now below the $1 benchmark.

Oct 15, 2018

By Associated Press

Is two years of agonising Brexit deadlock finally over?

Reports overnight in London that a deal on the Northern Ireland border, the last missing piece of a withdrawal agreement, was close.

Oct 12, 2018

By Associated Press

Brexit European Union

Superpower showdown: Trump-Xi to meet next month as trade war takes toll

Reported meeting will take place during the G-20 summit in Argentina in late November.

Oct 12, 2018

By Associated Press

Donald Trump Argentina

Will Wall Street sneeze morph into a global stock market pandemic?

Losses on Wall Street rip through Asian financial markets amid fears about interest rates and trade tariffs.

Oct 11, 2018

By Associated Press

Donald Trump

South Korea considers lifting North Korea sanctions

South Korea move to lift sanctions is aimed at encouraging North Korea down the path of denuclearization.

Oct 10, 2018

By Associated Press

North Korea

Corruption has shrunk Malaysia's economy from Asian tiger to 'small kitten'

Prime Minister Mahathir Mohamad warned of new taxes to pay debts following scandal-tainted rule of Najib Razak.

Oct 9, 2018

By Associated Press

Powerful German industrialists urge trade breakthrough or face massive Brexit crisis

Leaders of Europe's largest economy warn no trade deal would be a "disaster" for businesses on both sides of the English Channel.

Oct 9, 2018

By Associated Press

Brexit European Union

Nobel economics prize winner thought Academy call was spammer

Two Americans won the Nobel Prize for studying pressing issues facing the global economy: how to deal with pollution and climate change and how to foster the innovation needed to tackle such problems.

Oct 8, 2018

By Associated Press

Climate Change

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