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Last-Ditch Effort to Save Brexit Trade Talks from Failure

British and EU negotiators embarked on probably their final two-day scramble to secure a post-Brexit trade deal Sunday, after failing for eight months to reach agreement. 

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Nestle Says to Burn Billions to Reduce Carbon Footprint

Swiss food giant Nestle on Thursday unveiled a multi-billion program to slash its carbon footprint, aiming to halve emissions by 2030.

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Brazilian Economy Rebounds 7.7% in Third Quarter

Brazil's economy rebounded by 7.7 percent in the third quarter compared with the second, coming out of the recession it had been briefly plunged into by the coronavirus pandemic, the statistics institute IBGE announced Thursday.

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Australia Exits First Recession in almost 30 Years

Australia has exited its first recession in almost 30 years, after official figures on Wednesday showed the economy grew 3.3 percent in July-September compared with the coronavirus-hit previous quarter.

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Collapse of Two UK Retailers Puts 25,000 Jobs at Risk

Debenhams and Topshop-owner Arcadia, two of Britain's biggest clothing retailers, stood on the brink of collapse Tuesday following coronavirus fallout and fierce online competition, risking the loss of 25,000 jobs.

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World Bank Says Lebanon Plunged into 'Deliberate Depression'

Lebanon's economy is sinking into a "deliberate depression", the World Bank said Tuesday in a damning report stressing the authorities' failure to tackle the crisis.

The fall 2020 edition of the Lebanon Economic Monitor predicted the economy will have contracted by 19.2 percent this year and projected a debt-to-GDP ratio of 194 percent next year.

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U.N. Tourism Body Urges Uniformity in Virus Travel Rules

The World Tourism Organization called Monday for the standardization of traveler health checks and the establishment of air corridors to ease international travel during the pandemic. 

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Biden Taps Yellen to Lead Barrier-Breaking Economic Team

President-elect Joe Biden on Monday formally picked ex-Federal Reserve chair Janet Yellen to lead the Treasury, one of a slate of economic officials who would break racial and gender barriers in the U.S. government.

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Bitcoin on Record Tear towards $20,000

Top virtual currency bitcoin briefly soared to a new high Monday, heading towards $20,000 per unit.

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France Says Brexit Deal Mustn't 'Sideline' Its Fishermen

French fishermen must not be sidelined in post-Brexit talks, a French minister insisted Monday, saying London and Brussels were "still very far from agreement" on the trade issues. 

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