Business

BEIJING, Jan. 22 (Xinhua) -- Prices of farm produce in China rose slightly in the week ending Jan. 20, according to the Ministry of Commerce.

The price index for farm produce edged up 1 percent from the previous week, while the index for production materials remained flat.

The average wholesale price of 30 types of vegetables went up 5.1 percent, compared with a 0.5 percent rise a week earlier.

The wholesale price of eggs rose 1.6 percent from the previous week. The price of beef went up 0.8 percent and lamb went up 0.1 percent.

FRANKFURT, Jan. 22 (Xinhua) -- China will become a high-income country by 2025 and the world's largest economy by 2030, Justine Yifu Lin, former senior vice president and chief economist at the World Bank, said here on Monday.

At "The Economics of China's New Era," an event hosted by the Sustainable Architecture for Finance in Europe, Lin said that "even after 40 years of extraordinary growth, China still has a huge potential for dynamic economic growth."

LONDON, Jan. 21 (Xinhua) -- British Prime Minister Theresa May said on Monday that she would not back a no-deal Brexit or delay the country's departure from the European Union (EU).

May made the remarks while addressing lawmakers in the House of Commons to outline her latest proposals for Britain's departure from EU.

It follows last week's overwhelming defeat in the British parliament for her Brexit deal.

The defeat of her deal, by more than 200 votes, was the biggest in the country's political history.

22 Jan 2019; DW: A follow-up pact to the Elysee Treaty marks the latest gesture of friendship between France and Germany. The new bilateral pact pledges deeper cooperation between the two nations and paves the way for EU reforms.

DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world’s second-biggest economy, said it had slowed to its weakest pace since 1990.

The IMF cut its estimate for global growth this year to 3.5 percent, from the 3.7 percent it had predicted in October and down from 2018′s 3.7 percent. The fund cited heightened trade tensions and rising interest rates.

PARIS (AP) — France’s data privacy watchdog fined Google 50 million euros ($57 million) on Monday, the first penalty for a U.S. tech giant under new European data privacy rules that took effect last year.

The National Data Protection Commission said it fined the U.S. internet giant for “lack of transparency, inadequate information and lack of valid consent” regarding ad personalization for users.

LONDON (AP) — British Prime Minister Theresa May unveiled her Brexit Plan B on Monday — and it looks a lot like Plan A.

May launched a mission to resuscitate her rejected European Union divorce deal, setting out plans to get it approved by Parliament after securing changes from the EU to a contentious Irish border measure.

May’s opponents expressed incredulity: British lawmakers last week dealt the deal a resounding defeat, and EU leaders insist they won’t renegotiate it.

WASHINGTON (AP) — Senate Republicans have released a measure designed around President Donald Trump’s proposal for breaking a budget impasse, its centerpiece his demand for $5.7 billion to build a southern border wall all but guaranteeing Democratic opposition and no foreseeable end to a partial government shutdown.

As the shutdown dragged through its fifth week, another missed paycheck loomed for hundreds of thousands of workers.

Tehran, Jan 21, IRNA – After China, South Korea, India and Turkey, Japan has also resumed importing Iran oil, Governor of the Central Bank of Iran (CBI) said.

Islamabad, Jan 21, IRNA – Authorities in Pakistan’s south western Balochistan province have resorted Iran-Pakistan cargo train service after completing repair works, official media reported.