Economy

Economy
Wednesday, May 4th 2016 - 08:40 UTC

Argentine unions claim April inflation reached 5% and 40.85% in 12 months

 Moyano said that in the first four months of the year inflation jumped above 16%

Inflation in Argentina during April reached 5.02% and 40,85% in the last twelve months according to the unions umbrella organization CGT Economic and Social observatory, which was released on Tuesday.

Wednesday, May 4th 2016 - 08:26 UTC

Irish farmers will march against Mercosur deal at the EC offices in Dublin

ICSA is focusing on EU Commission in response to what it says is the excessively weak negotiating position taken by Commissioner for Trade Cecilia Malmström

The Irish Cattle and Sheep Farmers’ Association (ICSA) is to protest on Wednesday May 4, in Dublin against the proposed Mercosur and TTIP trade deals. The protest will take place outside the offices of the European Commission in the Irish capital.

Tuesday, May 3rd 2016 - 12:02 UTC

Euro zone economy expands faster than expected in the first quarter

Separate data from Eurostat also indicated that deflation had returned to the Euro zone. Inflation in the bloc fell to minus 0.2% in April, down from zero in March.

The Euro-zone's economy grew by a faster-than-expected 0.6% in the first three months of the year, according to official statistics. The growth rate in the 19-nation bloc doubled from the 0.3% rate recorded in the previous quarter, and was above analysts' expectations of 0.4%.

Tuesday, May 3rd 2016 - 08:57 UTC

Falklands' Illex squid catches very sparse; Loligo, 'a bit more cheerful'

Loligo or Falklands calamari catch statistics, “are a bit more cheerful at 22,400 tons,” said Mr. Barton.

Falkland Islands' Illex squid catches are still very sparse, now standing at 2,373 tons, “which is obviously very low and does not go far when spread across the 105 vessels in the fishery,” said Director of Natural Resources John Barton, interviewed by Penguin News.

Tuesday, May 3rd 2016 - 06:00 UTC

Venezuela's explosive situation makes Pope Francis send a “personal letter” to Maduro

“I can say that the Pope did write a personal letter to President Maduro concerning the situation in the country” said papal spokesperson Lombardi

Pope Francis has sent a “personal letter” to Venezuelan President Nicolás Maduro in which he addresses his concern over the “seriousness” of “the county’s situation”, revealed papal spokesman Federico Lombardi confirmed to journalists this weekend.

Monday, May 2nd 2016 - 20:11 UTC

St Helena postpones official opening of the new airport

Last week the Island’s Air Service Provider, Comair, brought a Boeing 737-800 aircraft to St Helena on an ‘Implementation Flight’

The St. Helena Government confirms that further safety and operational work is required prior to the Official Opening of the Island’s new Airport – and that this event has therefore been postponed. While this means that the Airport will not officially open on 21 May 2016 as originally planned, the safety of aircraft and passengers is of course paramount.(MP, 15 and 19 April).

Monday, May 2nd 2016 - 08:51 UTC

With a subsidy production scheme, Argentina is back exporting oil, mainly to China

Exports are expected to reach a record 91,000 barrels per day (bpd) of crude in April, including two cargoes sold by YPF to China

Argentine oil producers are shipping record volumes of crude this month, spurred by a new government subsidy that has also prompted state-owned oil company YPF to return to the export market for the first time in years.

Monday, May 2nd 2016 - 08:33 UTC

Temer promises to combat corruption by strengthening anti-graft institutions

Temer's critics have said he would try to hamper Brazil's biggest ever corruption probe, Car Wash, which has involved many politicians from own party PMDB

A government led by Brazilian Vice President Michel Temer would press ahead with the country's corruption fight by strengthening anti-graft institutions and enacting tougher controls over state-run companies, and will also implement an education reform, according to a six chapter document leaked to the Sao Paulo media.

Monday, May 2nd 2016 - 08:18 UTC

Macri claims Argentina hid unemployment with 'worthless public jobs', at Labor Day event with dissident union

Macri was joined by First Lady Juliana Awada and Cabinet Chief Marcos Peña among other officials at the food workers union, May first celebration

Argentine president Mauricio Macri attended an event at a dissident union headquarters in the City of Buenos Aires where he marked the Labour Day with unionized workers of the food sector, and blasted the previous administration for hiding unemployment with public jobs.

Monday, May 2nd 2016 - 08:13 UTC

Argentines worried about inflation and unemployment; fuels increase 10% in May

An overwhelming majority of respondents, 86% said inflation is the major concern, triggered by “the hikes in power and gas rates”

A clear majority of Argentines are most worried about inflation and unemployment, a report by the D’Alessio IROL and Berenzstein private consulting agencies have showed.

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