June 5, 2019
Shoe giants urge Trump to end tariffs
Some of the world's biggest footwear firms are urging Donald Trump to end the US trade war with China, warning of a "catastrophic" effect on consumers. A letter signed by 173 companies, including Nike and Adidas, says the president's decision to…
May 28, 2019
Johnson & Johnson faces trial over opioid crisis
Johnson & Johnson, one of the world's largest drug manufacturers, has gone on trial in a multi-billion dollar lawsuit by the US state of Oklahoma. Prosecutors accuse the firm of deceptively marketing painkillers and downplaying addiction risks,…
May 21, 2019
‘One last chance’ to get Brexit done says May
Theresa May has told MPs they have "one last chance" to deliver Brexit, as she set out a "new Brexit deal". MPs will get a vote on whether to hold another referendum if they back the EU Withdrawal Agreement Bill, she said. The bill also contains new…
May 8, 2019
China vows ‘necessary countermeasures’ on Trump tariffs
Beijing has said it will respond in kind if President Trump imposes higher tariffs on Chinese exports on Friday. The Chinese Commerce Ministry said that if the US tariff measures are implemented, it would take "necessary countermeasures". The…
April 30, 2019
Trump sues Deutsche Bank and Capital One over Democrat subpoenas
US President Donald Trump has sued two banks in a bid to stop them handing over his financial records to Congress. The lawsuit against Deutsche Bank and Capital One was filed after Democrat-led committees issued subpoenas for information on his…
April 11, 2019
IMF’s Lagarde says further Brexit delay will ‘hinder’ UK growth
Further uncertainty over Brexit will hinder growth in the UK economy, the head of IMF has told the BBC. Speaking ahead of the agreement of an extension to Article 50, Christine Lagarde warned that businesses and investors will remain hesitant in the…
April 5, 2019
Donald Trump urges US Fed to cut interest rates
Donald Trump has stepped up his attacks on the US Federal Reserve by calling for the central bank to cut interest rates. The US President claimed that the Fed has "really slowed us down" in terms of economic growth, adding that "there's no…
April 2, 2019
EasyJet says Brexit, economic uncertainty hits demand
British no-frills airline EasyJet, on Monday said that uncertainty surrounding Brexit and the economic outlook is hitting demand for air travel. The announcement came in a trading update to coincide with the start of the group's second half. “For…
March 19, 2019
Solutions for transformation in focus for CDB’s 49th Annual Meeting
Solutions and strategies to drive economic and social transformation in the Caribbean will feature prominently when the Caribbean Development Bank (CDB) holds the 49th Annual Meeting of its Board of Governors in Trinidad and Tobago on June 5 and 6,…
March 12, 2019
Prime Minister May in final push to convince MPs to back deal
Theresa May is making a final bid to save her Brexit deal ahead of a crunch Commons vote. Battling a sore throat after late night talks with the EU, the prime minister urged MPs to back her "improved deal" or risk "no Brexit at all". But some…