Assessments are still coming in from the impact of Hurricane Irma on a number of Caribbean countries in the northern Leeward Islands and the northern Caribbean with warnings and watches still in place for a few countries in Irma’s path. Additionally, due to the projected path of Hurricane Jose, a category 4 storm, tropical storm and hurricane watches and warnings have been issued for some countries in the northern Leeward Islands.
Hurricane Irma’s leading edge swirled toward Florida state with 195 km/h winds Saturday on a projected new track that could expose Tampa — not Miami — to a direct hit. Tampa has not taken a head-on blow from a major hurricane in nearly a century.
United Kingdom manufacturers have warned of a recruitment crunch if they are unable to keep hiring EU workers after Brexit. The manufacturers body, EEF, says the government must clarify the rights of EU workers as a matter of urgency underlining that a quarter of 243 firms it surveyed had already seen an increase in EU nationals leaving their business.
Brazil's central bank slashed its key interest rate this week by a full percentage point to 8.25%, the eighth consecutive cut as the country slowly exits a painful recession. The one percentage point fall in the base Selic rate had been predicted by markets and matched a previous cut in July.
With a robust Harvest Plan coupled with support and development tools organized by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017. Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion (some US$ 10bn) to the country's GDP.
A state of emergency has been declared in a British Overseas Territory hit by Hurricane Irma. British Virgin Islands governor Gus Jaspert said there were reports of casualties and fatalities, and help had been requested from the UK. He said radio and other communication channels were extremely limited.
Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falkland Islands by the end of 2018.
Venezuela's monthly inflation rate jumped to 33.8% in August, with food price rises reaching hyperinflationary levels above 50%, the opposition-controlled National Assembly said on Thursday.
Chile expects to close an energy swap deal with Argentina in the days ahead, Chilean Energy Minister Andres Rebolledo said in an interview Thursday. The neighboring nations are also negotiating the locations for five additional transmission line interconnection points, with an agreement expected as early as January, the minister revealed.
US aircraft manufacturer Boeing has won a victory in a long-running dispute with European rival Airbus. The World Trade Organization has reversed on appeal a ruling that Boeing received some state aid to help build its newest aircraft, the 777X.