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Fishing boats moored in Brixham harbour



The Rock of Gibraltar



A Swiss flag in the Swiss city of Lucerne



ondon (CNN Business)Brexit is holding back innovation at Europe's carmakers by diverting attention from the big technological challenges facing the industry.
 
Senior tech executives at BMW and Volkswagen say the United Kingdom's departure from the European Union could cause the region to fall behind Asia and America because it is disrupting operations, threatening collaboration in research, and draining resources.
 
"The Brexit debate is capturing the entire Europe, which is not going to accelerate technological growth," Martin Hofmann, Volkswagen's (VLKAF) chief information officer, told CNN Business at the Web Summit in Lisbon, Portugal. "It's distracting us."
 
Europe's car industry pours €54 billion ($61.3 billion) into innovation every year, according to the European Automobile Manufacturers' Association. That makes it the leading investor in research and development in Europe.
 
But that spending is under threat. The Society of Motor Manufacturers and Traders said investment into new models and facilities in the United Kingdom slumped 47% in the first half of the year.
 
The industry is already playing catchup in the race to develop electric vehicles and self-driving cars.



Spain's Pedro Sanchez and the UK's Theresa May on October 18, 2018.



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International Trade News

Djibouti hosts Second Regional Dialogue on WTO Accessions for the Greater Horn of AfricaDjibouti hosts Second Regional Dialogue on WTO Accessions for the Greater Horn of Africa



Kevin Hassett
Kevin Hassett, chairman of President Trump's Council of Economic Advisers



Billions more people must benefit from trade gains, experts say



Canada’s Justin Trudeau with López Obrador’s predecessor, Enrique Peña Nieto, in Mexico in 2017.
 PHOTOGRAPHER: BRETT 



Tariffs effectively closed off China to Washington state cherry growers, who had to divert their product to other markets which were already well supplied. The extra shipments led to depressed prices and significant losses. Shown here is a cherry orchard in Sunnyside, Yakima County. (Steve Ringman / The Seattle Times)
Tariffs effectively closed off China to Washington state cherry growers, who had to divert their product to other markets which were already well supplied. The extra shipments led to depressed prices and significant losses. Shown here is a cherry orchard in Sunnyside, Yakima County. (Steve Ringman / The Seattle Times)



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Regional News

With more opportunities set to open up across CARICOM in the near future, Barbadian businesses are being urged to immediately raise the standard of goods and services in order to compete, Minister of Foreign Trade Sandra Husbands has said.

She predicted  that within the next few years, Suriname, Haiti and Guyana will be rife with opportunities for local businesses to spread their wings.



Image result for heads of government caricom 2018 st. ann declaration The Heads of Government CARICOM






andrew-holness-092517
Prime Minister of Jamaica Andrew Holness 






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