Tech firms and companies trying to sell us things use a variety of tricks and ruses to get us to do what they want, as Zoe Kleinman explains.
Growth expected to slow this year as oil exporters in developing countries struggle to cope with lower energy prices
Global growth will slow this year as oil exporters in the developing world struggle to cope with lower energy prices, the World Bank has said in its half-yearly economic health check.
The benefit of cheaper oil pricesfor Europe, Japan and other oil importing nations, which has sustained their growth through 2015 and 2016, has failed to offset a slowdown in parts of Africa, Asia and South America that depend on selling energy to sustain their incomes.
Roberto Azevêdo says leave vote would present complex and unusual situation with UK unable to ‘cut and paste’ its former EU-negotiated trade deals
Negotiations about the shape of the UK’s post-Brexit trade arrangements would have to start from scratch after a leave vote in the EU referendum, the head of the World Trade Organisation said as he admitted there had been no preliminary discussions with the UK government.
Roberto Azevêdo, the WTO director-general, said he expected any talks to be long and difficult, adding: “We haven’t had any discussions about the process. We don’t know what the process would be. We do know it would be a very unusual situation.”
EU statistics estimate annual GDP growth at 1.7% with higher average quarterly rise rise outstripping UK
The eurozone’s reputation as the laggard of the global economy appeared to be overly pessimistic, after revised figures showed annual GDP growth in the currency bloc edged higher to 1.7%.
Eurostat, the official data agency for the European Union, showed that GDP growth in the first quarter was 0.6%, after being trimmed to 0.5% in an earlier estimate, pushing the annual growth rate up from the previous estimate of 1.6%.
Related: EU jobless rate hits seven-year low; US data mixed – as it happened
ALP says it will try to change three major agreements that allow corporations to sue if they think a government has damaged their interests
Labor is promising to review three of the major free trade agreements signed by the Abbott and Turnbull governments in the hope of removing a controversial clause that allows foreign corporations to sue the Australian government.
It will also make Australia’s involvement in a proposed huge free trade zone in the Asia Pacific – dubbed the Regional Comprehensive Economic Partnership (RCEP) – subject to stricter entry conditions than those the Coalition demanded.
Related: Trump presidency would sink TPP and harm China relations, says Kim Beazley
Related: TPP trade deal will expand Australia’s economy by less than 1%, World Bank reveals
A fall in the value of the pound would make exports cheaper, but this could be negated by trade barriers
In this week’s EU referendum Q&A our panel discuss how a Brexit could affect the costs facing UK businesses:
Would UK businesses be more or less competitive in the global market if we choose to leave?