Loss of EU workers will see strawberry prices soar, British farmers warn
Businessam Staff
June 22, 2017
The price of British strawberries could rise by more than a third if the UK cannot ensure access to European workers after Brexit, farmers have warned, theguardian is reporting. Producers have called on the government to introduce a permit scheme for seasonal workers to ensure that the expansion of soft fruit production in the UK […]
Greece reaches deal with European lenders for bailout installment
Businessam StaffJune 17, 2017
Greece’s European lenders agreed Thursday to release another $9.5 billion of a desperately needed bailout installment, while holding out the hope of debt relief. All sides reached a deal in Luxembourg Thursday after months of often bitter negotiations. The European Union’s top economy official, France’s Pierre Moscovici, said Greece has respected its commitments for economic […]
Turkey’s 2017 growth to beat OECD forecast- Deputy PM
Businessam StaffJune 8, 2017
Turkey’s growth in 2017 will beat the forecast of the Organization for Economic Co-operation and Development (OECD), Deputy Prime Minister Mehmet Simsek said on Wednesday. “The organization’s growth forecast for Turkey is 3.4 percent for this year. Turkey will probably grow nearly 4.5 percent this year,” Simsek said. Simsek added that if the country implements […]
Angela Merkel eyes free trade on trip to Latin America
Businessam StaffJune 8, 2017
Argentina and Mexico are important trading partners for Germany – all the more so as Chancellor Angela Merkel heads to Latin America in search of allies against US President Donald Trump’s protectionist leanings. If the squeaky wheels gets the grease, Latin America makes no noise. The region causes few problems and maintains good relations with […]
UK general election 2017: Voters to go to the polls
Businessam StaffJune 8, 2017
Polling stations have opened for people to cast their vote in the UK general election. Polls opened at 07:00 BST at more than 40,000 polling stations across the country, with counting starting once voting ends at 22:00 BST. A total of 650 Westminster MPs will be elected, with about 46.9 million people registered to vote. […]
“We’ve been cooperating with UK govt.,” says Apple’s Tim Cook on London bridge terror attacks
Businessam StaffJune 6, 2017
Apple’s CEO, Tim Cook has spoken out after the London Bridge terror attacks, saying that Apple has provided the UK authorities with information, but warned that the debate about encryption is not about privacy versus security. It comes after the Prime Minister Theresa May accused tech companies of creating “safe spaces” for terrorists in a […]
Big AIB investors ‘will not pay corporation tax for 30 years’
Businessam StaffJune 6, 2017
Labour’s finance spokeswoman Joan Burton warned the Irish taxpayer is again the loser having already paid to save the failed institution Big investors who buy a stake in AIB will pay no corporation tax for up to 30 years, it emerged today. Labour’s finance spokeswoman Joan Burton has now called for a minimum effective business […]
Putin leaves Russians guessing on economic reform plan
Businessam StaffJune 3, 2017
President Vladimir Putin set out his ideas for the Russia economy in a keynote speech on Friday, and the country’s leading economic thinkers say the country needs bold action to avoid stagnation., as they are still waiting to hear what that action will be. Addressing the St Petersburg International Economic Forum, an annual gathering where […]
Economic links between Russia & Germany stronger despite politics – Putin
Businessam StaffJune 2, 2017
Trade between Russia and Germany has seen a 40 percent rise in the first quarter, and German businesses are localizing production in Russia, said President Vladimir Putin at the St. Petersburg International Economic Forum (SPIEF 2017). “We have agreed and successfully implement a number of projects. German production is quite high, and localization reaches 60 […]
Turkey’s April trade deficit widens to $4.9 billion
Businessam StaffJune 1, 2017
Turkey’s foreign trade deficit rose 16.7 percent in April against the same month in 2016, the Turkish Statistical Institute (TurkStat) said Wednesday. The monthly deficit was $4.9 billion as imports rose 9.9 percent year-on-year to $17.7 billion while exports were up 7.4 percent to $12.8 billion. In the first four months, exports rose 8.7 percent […]