The International Monetary Fund has cut its forecast for global growth as trade tensions intensify and currency and other woes impact emerging economies. The global lender projects that the world economy will expand by 3.7% this year and next, 0.2 percentage point lower than its previous forecast six months ago.
A SpaceX Falcon 9 rocket carrying an Argentine satellite has blasted off from California. The primary purpose of Sunday's mission is to place the SAOCOM 1A satellite into orbit, but SpaceX will also try for the first time to bring the Falcon's first stage back to a landing at the Vandenberg Air Force Base launch site.
Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands according to Offshore Energy Today. Argos Resources had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30% following the announcement.
The emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, arrived Thursday evening in Argentina to meet with President Mauricio Macri on Friday to discuss oil investments in Vaca Muerta and other bilateral issues.
As a part of Argentina's Energy Saving Program, the Banco de la Nacion Argentina announced a plan of 25 zero-interest payments to purchase solar water heaters through specific participating credit cards for home use.
A major US$ 31.9bn liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners. The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation. It is the single largest private sector investment project in Canada's history.
The importance of digital technologies in tourism, providing opportunities for innovation and preparing the sector for the future of work, is at the centre of World Tourims Day 2018, to be celebrated in Budapest, Hungary this Thursday 27 September.
Mark Menzies, the UK Prime Minister’s Trade Envoy to Peru, Chile, and Colombia, is in Lima this week with a delegation of 15 representatives of British government and businesses, including Arup, MACE, Clifford Chance, Crossrail, UK Export Finance, and the City of London. He will seek to identify new areas to boost UK-Peru trade and investment.
The Executive Council of the Falkland Islands discussed a proposal to consider salmon farming in the Falklands. The proposal sought authorisation for Government officers to negotiate a Letter of Intent with the Danish company, Pisco ApS, to evaluate whether conditions in the Islands would be adequate to support the development of salmon fish farming.
Brazil has been clawing itself out from the worst recession in its history, but that hasn’t stopped President Michel Temer from touting the country to investors. Temer and his entourage told United States business leaders at an event leading up to the United Nations General Assembly that the country is open for business.