Global economy

Brexit: UK has rolled over just £16bn out of £117bn trade deals | Business – Business Article

The government’s push to roll over EU trade deals from which the UK currently benefits has yielded agreements covering just £16bn of the near-£117bn of British trade with the countries involved. Despite frenetic efforts by ministers to ensure the continuity of international trade after the UK leaves the EU on 29 March, the trade secretary, Liam Fox, has so far only managed to secure deals with seven of the 69 countries that the UK currently trades with under preferential EU…

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No-deal Brexit: UK exporters risk being locked out of world’s harbours | Business – Business Article

British exporters sending goods to far-flung destinations in the coming days risk being locked out of harbours around the world as a no-deal Brexit looms, business leaders have warned. The Confederation of British Industry, the EEF manufacturers’ lobby group and trade experts said exporters could be dispatching goods from UK ports imminently which would not arrive until after the 29 March deadline – raising the prospect of goods being stuck in ports or facing hefty additional costs in the event…

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SMBs Are Punching Above Their Weight Amid Global Competition – Business Article

©iStock/yacobchuk Despite the challenges competing against global rivals, more than 80 percent of small and medium-sized businesses (SMBs) reported maintaining or growing revenue in 2018.  This is according to the inaugural State of Small Business Global Report by TradeGecko, a cloud-based commerce platform for growing companies, in collaboration with Golfdale Consulting. SMBs are the lifeblood of the global economy, making up over 95 percent of all firms and 60-70 percent of total employment. The report polled 573 product-centered commerce businesses…

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Huawei charges reignite trade war fears; Brexit hits Hargreaves Lansdown – business live | Business – Business Article

Acting Attorney General Matthew Whitaker announcing indictments against China’s Huawei Technologies Co Ltd, several of its subsidiaries and its chief financial officer Meng Wanzhou last night Photograph: Joshua Roberts/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Hopes of a breakthrough in the US-China trade talks have taken a resounding knock, after American authorities hit technology firm Huawei with a string of criminal charges. The US Justice Department has…

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