Argentina's economic activity rose 1.6% in December compared with the previous month, government data showed, a sign the economy likely expanded in the fourth quarter after a long recession. The economy fell 0.1% in December year over year and closed 2016 down 2.3% compared with 2015.
A future relationship between Britain and the European Union will take years to negotiate and the UK can expect a hefty bill as the price of exit, European Commission president Jean-Claude Juncker has warned. Mr. Juncker said Britain must understand that it will not be able to negotiate a “cut-price or zero-cost” exit from the EU, but will have to settle the bill for commitments which it entered into as a member.
Argentina's Dr. Eduardo L. Holmberg research vessel left for a second cruise of tooth fish, pollock, Patagonian grenadier and squid assessment. The cruise is expected to last thirty days and will be operating between 45o and 54o30' South and catching samples at depth ranging from 50 to 400 meters.
Brazil cut its key interest rate further on Wednesday to try to prop Latin America's biggest economy out of its worst recession in a century. The country's central bank cut the benchmark rate by 0.75 percentage points to 12.25%, still one of the worlds highest.
The impact of Brexit on the Falkland Islands and the economy in general were subjects raised with visiting Members of Parliament this week. The delegation of four made a flying visit to the Falkland Islands last weekend accompanied by FI Representative in London Sukey Cameron.
Argentine president Mauricio Macri started an official state visit to Spain on Wednesday and was received with a display of full military honors of the Royal Household at the Royal Palace. Following a meeting with King Felipe, the president left for Congress where he addressed the full house.
Theresa May has taken the highly unusual step of sitting in the House of Lords to hear peers being told by the UK Government not to “frustrate” Brexit. The Prime Minister sat on the steps in front of the Royal Throne as Lords leader Baroness Evans of Bowes Park told peers to respect the decision of the British people in last year’s referendum and the “primacy” of the elected House of Commons.
Argentina will get rid of a 35% tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies.
Tony Blair has called on pro-Europeans to form a new cross-party movement to persuade the public they were wrong to vote to leave the EU. In an impassioned speech, the former prime minister said “progressives” should make it their “mission” to reverse the outcome of the referendum last June.
Hanjin Shipping used to be one of the world's top 10 shipping companies, but now it faces the final curtain. This Friday is the deadline for the firm to be declared bankrupt by a South Korean court after months of uncertainty. Hanjin's collapse is the largest to hit the shipping sector and it sent shockwaves through the industry.