Automakers ask UK to cover tariffs if no FTA made with EU

Oct 08, 2020 01:10 am UTC| Economy

Automakers have asked the UK government to cover the cost of a possible 10 percent tax on automobile imports that the EU may impose if the country is unable to reach a post-Brexit trade deal. The UK is struggling to...

Democrat sweep to hasten US economic recovery: Goldman Sachs

Oct 06, 2020 23:58 pm UTC| Economy

Goldman Sachs economists are saying that if the Democrats gain unified control of Washington, it would prompt them to upgrade their forecasts. While a Democrats sweep would likely result in higher taxes and regulation,...

Government extends assistance for first home buyers to stimulate building industry

Oct 05, 2020 14:11 pm UTC| Economy

In its latest stimulus measure, the Morrison government will extend its first home loan deposit scheme to an extra 10,000 home buyers. But unlike existing arrangements, where people can purchase a new or existing home,...

English football: why financial calamity facing clubs is even worse than in mainland Europe

Oct 05, 2020 13:43 pm UTC| Sports Economy

In the German Bundesliga, crowds have returned to stadiums for the 2020/21 football season. Maximum capacity is between 4,600 and 9,300 depending on stadium size, which equates to between 10% and 25% of the norm. Frances...

US under Trump Series

How to time a bombshell like Trump's tax returns

Oct 05, 2020 13:24 pm UTC| Politics Economy

Its unlikely The New York Times publication of Donald Trumps tax records just before the first presidential candidates debate was a coincidence. This looks like a classic example of what political scientists and...

N. Korea's imports of refined petroleum from China, Russia plunge in Aug

Oct 01, 2020 23:33 pm UTC| Economy

North Korea imported only about 142 tons of refined petroleum from China in August, dropping to about one-tenth of the 1,498 tons it imported in July. The August volume also went down by nearly 94 percent from the...

Populism in Brazil: how liberalisation and austerity led to the rise of Lula and Bolsonaro

Oct 01, 2020 15:42 pm UTC| Politics Economy

While the rise of populist politicians in the Europe and the US gets a lot of attention from the media and researchers alike, the drivers of the populism taking hold in emerging and developing economies still receives...