Many travelers buying foreign currency at the UK's airports are now receiving less than one Euro to the pound, reports the BBC. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound. The worst rate is currently 88 Euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.
The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.
Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank's reputation and put Wall Street under renewed scrutiny. San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56.
Taxing sugary drinks can lower consumption and reduce obesity, type 2 diabetes and tooth decay, says a new WHO report. Fiscal policies that lead to at least a 20% increase in the retail price of sugary drinks would result in proportional reductions in consumption of such products, according to the report titled “Fiscal policies for Diet and Prevention of No communicable Diseases (NCDs)”.
Petrobras is reading to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. For years fuel prices were manipulated as part of the government's policy to keep inflation under control.
Ushuaia in the extreme south of Argentina and capital of Tierra del Fuego province celebrated on 12 October the 132th anniversary of its foundation with several activities including a jumbo popular paella for 12.000 people. The gastronomic display was sponsored by city authorities and New San, a maquila group which assembles electronic products in Tierra del Fuego under a promotion system implemented by Buenos Aires.
Gibraltar's Deputy Chief Minister Dr Joseph Garcia is in Scotland to attend the conference of the Scottish National Party (SNP). The event opened in Glasgow on Wednesday and this is the first time that Gibraltar will have an exhibition stand. It is also the first time that the Gibraltar Government will host an official reception.
Planning is underway for an Avro RJ100 jet aircraft, operated by Tronos Jet Maintenance and flown by Atlantic Star Airlines, with final destination Chile, to fly to Ascension Island, followed by a call at St Helena Airport on the same day. Both are technical stops, and the crew will overnight on St Helena.
Falkland Islands Government has announced the arrival of the new Chief Executive for the Falkland Islands, Mr. Barry Rowland. He comes to the Islands from the North of England and brings over 30 years’ experience in the public sector, with 15 years of those being in a number of corporate roles with senior leadership responsibilities.