In setting its legislative priorities for the next twelve months, the Falkland Islands Government has signalled an intention to focus on legislation of interest to families. The Islands are internally self-governing, with much law created locally or adapted from elsewhere in the world. The program for the next year was published this week alongside their fiscal budget for the year.
Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.
China will impose temporary anti-dumping measures on Brazilian broiler chickens from June 9, the commerce ministry said on Friday, after finding in a preliminary ruling that its domestic industry has been substantially damaged by the imports. Local firms buying Brazilian chicken will be required to pay deposits ranging from 18.8% to 38.4% of the value of their shipments, the ministry said in a statement. The measures cover products supplied by top Brazilian exporters JBS and BRF.
Brazil announced on Wednesday evening that it has earmarked up to 194.3 billion Reais or US$ 51.13bn in loans to promote large and medium-sized agricultural producers. At a ceremony in the capital Brasilia, President Michel Temer and his Agriculture Minister Blairo Maggi unveiled the government's “2018-19 Agriculture and Cattle Ranching Program”, which devotes slightly more resources to the sector than last year's 190.25 billion Reais (US$ 50.06 billion).
On occasion of the World Oceans Day, international NGO Friend of the Sea calls both the shipping industry and consumers to take actions to prevent ship strikes
The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.
The United Nations celebrates World Oceans Day every year on June 8. As part of the celebrations, the Office of Legal Affairs, Division for Ocean Affairs and the Law of the Sea organizes several events and hosts a reception at United Nations Headquarters in New York City, where the Secretary-General’s Annual World Oceans Day Message is delivered and the winners of the Annual World Oceans Day Oceanic Photo Competition are announced.
Boris Johnson reportedly warned there may be a Brexit “meltdown” in comments made at a private dinner this week. The UK foreign secretary also referred to the Treasury as the “heart of Remain”, according to a report by Buzzfeed.
Theresa May has been fighting to keep her Brexit plans on track despite a Cabinet row over proposals for the Irish border and a potential revolt in the Commons. The UK’s proposals for a “backstop” arrangement for the border between Northern Ireland and Ireland are to be published “shortly”, although Brexit Secretary David Davis understood to have concerns about some of the details.
The Falkland Islands Director of Natural Resources John Barton confirmed this week that exchange of fisheries data will resume “in short order” following the resumption of fisheries talks with Argentina last month. Mr. Barton confirmed that proposals for joint research cruises are being drawn up and another meeting has been scheduled to take place in London in late 2018.