The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession. It is forecasting growth of 1.2% this year, down from its previous November forecast of 1.7%. The Bank said it had seen further evidence that businesses were being cautious in the run-up to Brexit, including evidence from its own survey of firms. As expected the Bank kept interest rates on hold at 0.75%.
Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.“These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 Bboe,” said CEO John Hess.
Trucks carrying humanitarian aid for crisis-stricken Venezuela arrived in the Colombian border city of Cucuta on Thursday as diplomatically-isolated President Nicolas Maduro appeared set to block its entry amid an escalating political crisis.
The Government of South Georgia & the South Sandwich Islands (GSGSSI) has announced a range of additional measures for its Marine Protected Area (MPA) which will greatly enhance the protection and conservation of the Territory’s rich marine biodiversity.
Hundreds of thousands of cattle weakened from a severe drought are feared to have died in record-breaking floods in northeastern Australia, authorities said on Friday, as they stepped up efforts to feed surviving livestock.
Brazilian president Jair Bolsonaro has pneumonia after registering a fever during a hospital stay, but a tweet on the far-right leader’s Twitter profile on Thursday said he was “well.”Bolsonaro had an operation on Jan. 28 to remove a colostomy bag that was put in place after he was stabbed while campaigning ahead of Brazil’s election last year.
The High Representative of the European Union (EU) for Foreign Affairs and Security Policy, Federica Mogherini warned on Thursday at the meeting of the International Contact Group in Montevideo, on a beside the president of Uruguay, Tabaré Vázquez, that the group does not seek a “direct negotiation” but a free, transparent and credible Presidential election in Venezuela.
Montevideo, the capital of “neutral/neutralized” Uruguay is hosting this Thursday an international gathering with countries of the Americas and the European Union to address, and attempt to solve or find a way out to the delicate and worsening situation in Venezuela.
United Nations trade official has warned a US plan to raise tariffs on Chinese goods next month would have massive implications for the global economy. The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March.
Brazil’s central bank left interest rates at a record low on Wednesday as expected, and signaled it is in no rush to change them even though inflationary pressures have cooled. The bank’s nine-member monetary policy committee, Copom, voted unanimously to keep the benchmark Selic rate at 6.5% for the seventh straight meeting.