Stories for November 29th 2017

Wednesday, November 29th 2017 - 08:23 UTC
FIH Group posted record revenue pushing profits 38%

Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.
Wednesday, November 29th 2017 - 08:10 UTC
Fed chief candidate anticipates US economy is ready to end “accommodation”

Jerome “Jay” Powell, President Donald Trump's pick to lead the US central bank, the Federal Reserve, is about to become “the most important economic policymaker in the world”. At least that's how one senator put it at Powell's confirmation hearing in Washington on Tuesday.
Wednesday, November 29th 2017 - 08:04 UTC
Mexican ruling party unveils presidential candidate in the July election

Finance minister Jose Antonio Meade threw his hat in the ring to become the presidential candidate of Mexico’s ruling party in the July 2018 election, hours after resigning his post as finance minister.
Wednesday, November 29th 2017 - 07:53 UTC
Scotiabank en route to becoming Chile's third largest private bank

Bank of Nova Scotia is pushing deeper into Latin America with a US$2.2-billion bid for control of a Chilean rival, looking to ignite its growth as the bank's fourth-quarter profit edged higher but missed expectations.
Wednesday, November 29th 2017 - 07:39 UTC
EU and London reach agreement on Brexit “divorce bill”, says Daily Telegraph

Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph. The report saw Sterling rapidly cut its losses to trade 0.24% higher at 1.3351, which was up from an intraday low of 1.3220.
Wednesday, November 29th 2017 - 07:09 UTC
Theresa May updates BOTs leaders on Brexit, financial services and reconstruction efforts

A delegation from the Falkland Islands attended on Tuesday 10 Downing Street where Prime Minister Theresa May welcomed leaders from ten British Overseas Territories Street for the start of their annual Joint Ministerial Council meeting. The Falklands' were represented by lawmakers MLA Teslyn Barkman, MLA Roger Edwards and Sukey Cameron OBE, Falklands government representative in London.
Wednesday, November 29th 2017 - 06:49 UTC
Falklands' concerns put forward at meetings with Prime Minister May and Foreign Secretary Johnson

Following a full day of activities in London in the framework of the annual British Overseas Territories Joint Ministerial Council meeting, the Falklands delegation said talks were very high level, and a wonderful opportunity to put forward the Islands concerns, such as Brexit, and listen to the issues faced by the other British Overseas Territories.
Wednesday, November 29th 2017 - 06:45 UTC
Karen Pierce first woman UK Permanent Representative to United Nations

Karen Pierce, currently Director-General Political at the Foreign and Commonwealth Office, has been appointed as the new UK Permanent Representative to the United Nations. . Karen is the first woman appointed to this role, and is uniquely suited for the position having previously served as Deputy Permanent Representative to the UN in New York, and more recently as the Permanent Representative to the UN in Geneva.
Wednesday, November 29th 2017 - 06:15 UTC
One in ten medical products in developing countries is substandard or falsified

An estimated one in ten medical products circulating in low- and middle-income countries is either substandard or falsified, according to new research from the World Health Organization (WHO). This means that people are taking medicines that fail to treat or prevent disease.