The Falkland Islands Executive Council (its effective Cabinet) agreed late last week a set of budgeting principles for the Government over the coming financial year beginning 1st July 2018. These principles are likely to apply throughout the four year term of the current Legislative Assembly, though will be formally reviewed by the Assembly annually.
British Foreign Secretary Boris Johnson is expected to institute a ban on fishing, drilling and freight transport in British overseas territories in the South Atlantic in an effort to protect wildlife in the area. The South Sandwich Islands, which plays host to Antarctic scientists but has no permanent residents, lie around 1,500km east of the Falkland Islands.
Punta Arenas. Chile seems determined to remain as the main calling point for Antarctica scientific and logistics support. This month two private undertakings were inaugurated which confirmed that determination, one of them is the DAP's MV Betanzos a scientific vessel for Antarctica research, and the second in the Antarctic Warrior, belonging to the Petromar company and which has been conditioned to transport supplies and fuel to Antarctica.
The Canadian aerospace firm which faced damaging import tariffs on one of its jets has won a trade dispute in the United States. The UK government had suspected that Bombardier would lose and unions feared sales and UK jobs connected to the C-Series would be hit. But in a surprise ruling, the US International Trade Commission (ITC) rejected a complaint brought by Boeing.
Chinese Foreign Minister Wang Yi said that Beijing is willing to negotiate step by step, a free trade agreements with Uruguay and other countries in South America, particularly members of Mercosur.
Brazilian assets soared, with the Bovespa surging above 83,000 for the first time ever, and the currency Real surging through 3.20 after three judges in a local appeals court upheld a conviction for corruption imposed last July on ex-President Lula da Silva.
Argentine President Mauricio Macri and his Russian counterpart, Vladimir Putin, signed on Tuesday a declaration aimed at strengthening bilateral cooperation during a press conference at the Kremlin. Macri told Putin that he hoped this marked the first of many visits to the Russian capital and highlighted their countries’ mutual interests.
Chinese foreign minister Wang Yi arrived in Uruguay on Tuesday night for a three-day official visit which includes meetings with his peer Rodolfo Nin Novoa, president Tabare Vazquez and holding a round of talks to promote trade and discuss the possibility of a bilateral agreement.
Enough is enough, an end to the bloated state and its fiscal voracity, so that Uruguayan farmers can recover competitiveness, was the clear message from tens of thousands who gathered in central Uruguay to express their disenchantment with president Tabare Vazquez administration attitude towards the rural sector.
President Donald Trump's decision on Monday to impose stiff tariffs on imported solar panels and washing machines has stirred concerns around the world, including North America. Mexico says it regrets the U.S. decision not to exclude it from these new tariffs. And it's vowing to take action to halt Mr. Trump's latest salvo on global trade.