May, 2016

• 10 May

  UK trade drags on growth as gap widens to most in eight years

  

    Bloomberg The U.K. economy received no help from its international trade performance in the first quarter, official figures published on Tuesday suggest. The deficit widened to 13.3 billion pounds ($19 billion), the most since the start of 2008, from 12.2 billion pounds in the fourth quarter of 2015, the Office for National Statistics said. The shortfall in goods alone ...

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• 10 May

  German, French & Italian industrial production disappoints in March

  

  Bloomberg Industrial production in the euro area’s three biggest economies disappointed in March, possibly signaling slackening demand in Europe. German production, adjusted for seasonal swings, fell 1.3 percent, its second consecutive decline and exceeding a 0.2 percent drop predicted by economist in a Bloomberg survey. In France, output unexpectedly fell 0.3 percent, and Italy saw production stagnate in March after ...

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• 10 May

  IMF team arrives in Ukraine to check on new government

    AFP An International Monetary Fund team arrived in Kiev on Tuesday after the formation of a new Ukrainian government resolved a prolonged political crisis that had stalled the release of vital aid. The mission’s visit was long awaited in the cash-strapped former Soviet country as it grapples with the costs of a two-year conflict in the pro-Russian separatist east ...

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• 10 May

  Abertis to buy Italian highways for $677 million in growth drive

  

    Bloomberg AbertisInfraestructuras SA agreed to pay €594 million ($677 million) to buy control of two Italian highways as the Spanish toll-road operator presses ahead with its international expansion plan. Abertis reached an accord with IntesaSanpaoloSpA, AstaldiSpA and the Tabacchi family to buy the two companies that control 51 percent of A4 Holding, which owns the A4 Brescia-Padova and A31 ...

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• 10 May

  Banks see softer side of Brussels as EU readies rule revamp

  

    Bloomberg After years of aggressive regulation reining them in, Europe’s banks are starting to get some slack from the policy makers in Brussels. The European Union has opened up the entire financial rule book for review, including contentious issues such as the cap on bankers’ bonuses. Faced with weak banks and an anemic economy, regulators have made clear that ...

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• 10 May

  Global populism wave hits Philippines as Duterte elected

  

    Davao / AFP The election of Rodrigo Duterte as Philippine president marks the latest victory for populist politics, as voters around the world reward candidates offering simple solutions to complex problems. In a country beset by crime, poverty and corruption, Duterte promised voters a raft of quick fixes that many analysts believe will remain empty promises. One of his ...

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• 10 May

  5th of world’s plants under threat, warns Kew Gardens

    London / AFP A fifth of the world’s plant species are at risk of extinction, British researchers warned on Tuesday in an unprecedented global census of the plant kingdom. The survey by Britain’s Royal Botanic Gardens at Kew, London, said 21 percent of species are under threat. The report, the first of its kind, is intended to become a ...

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• 10 May

  2 killed as massive tornadoes rip across Oklahoma

    Washington / AFP Several massive tornadoes churned above Oklahoma, killing at least two people, with hail as big as grapefruit hitting the US state, the authorities and US media said. The storms began forming in southern parts of the state in the afternoon, local media reported, with the first confirmed twister hitting near Elmore City, in rural Garvin County. ...

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• 10 May

  Rousseff’s impeachment to go ahead

  

    Brasília / AFP The impeachment of Brazil’s President Dilma Rousseff looked set to go ahead on Tuesday, after the interim speaker of the lower house said he had reversed his earlier annulment. In the latest twist to the country’s spirling political crisis, local media said Waldir Maranhao had “reversed the decision” to cancel the April vote by lawmakers that ...

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• 10 May

  US warship sails by South China Sea reef, irks Beijing

    Beijing / AFP The US on Tuesday sailed a warship close to a disputed South China Sea reef Beijing has built up into an artificial island, reports and officials said, prompting China to express “dissatisfaction and opposition”. Guided-missile destroyer USS William P. Lawrence navigated within 12 nautical miles of the Fiery Cross Reef, occupied by China and also claimed ...

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