Economy

Tuesday, June 6th 2023 - 10:25 UTC
Falklands' 35 students in UK had allowances revised to face cost of living crisis

In the Falkland Islands Legislative Assembly this week MLA Leona Roberts responded to a question from MLA Gavin Short on the subject of whether Falklands students were facing financial difficulties while studying overseas and what steps FIG was taking to mitigate this if it was true.
Tuesday, June 6th 2023 - 10:09 UTC
Vehicle production grows in Argentina

Argentina's Association of Automotive Manufacturers (Adefa) announced Monday that output reached 53,282 units in May, (14.8% more than in the same month of 2022), while exports grew by over 13% in the same period.
Monday, June 5th 2023 - 13:14 UTC
Three companies accounted for a third of all corporation tax in Ireland

Three companies accounted for a third of all corporation tax collected in the Republic of Ireland between 2017 and 2021, new research suggests. The Irish Fiscal Advisory Council (IFAC) said that amounted to some US$ 6,5billion in 2021 alone and probably increased last year. Corporation tax is the tax that companies pay on their profits.
Monday, June 5th 2023 - 13:07 UTC
British government mulls food price cap; retailers skeptical of impact

The British Government's plans to introduce a cap on the price of basic food items will not help tackle the rising cost of living, retailers have warned. The British Retail Consortium (BRC) said the measures would not make a “jot of difference” and could thwart efforts to cut inflation.
Monday, June 5th 2023 - 12:45 UTC
Argentina closer to becoming a member of BRICS and their Development Bank

The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank
Monday, June 5th 2023 - 08:15 UTC
New British business lobby, British Chamber of Commerce, replacing troubled CBI

British media is reporting that a new business lobby group has been formed, boasting some of the UK's largest companies as its founding partners. The Business Council has been launched by the British Chambers of Commerce (BCC) in a bid to “design and drive the future of the British economy”.
Saturday, June 3rd 2023 - 13:00 UTC
Falklands lawmakers discuss food prices and market solvency to encourage competition

A spirited discussion surrounding food prices was prompted by a question from MLA Teslyn Barkman in Legislative Assembly last Wednesday, 31st May. MLA Teslyn Barkman asked MLA Gavin Short about the UK’s government’s decision to investigate food pricing. “Can the Honorable Gavin Short please say whether we here in the Falklands have any mechanisms or agency that could be used to investigate the grocery retail market?”
Saturday, June 3rd 2023 - 12:45 UTC
Mercosur Summit scheduled for Puerto Iguazú

The Argentine city of Puerto Iguazú in the province of Misiones will host the LXII Mercosur Summit on July 3 and 4, during which Alberto Fernández will pass on the pro tempore presidency of the bloc to his Brazilian counterpart Luiz Inácio Lula Da Silva, it was announced Friday in Buenos Aires.
Saturday, June 3rd 2023 - 12:11 UTC
New currency swap with China gives Argentina some financial relief

Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.
Saturday, June 3rd 2023 - 12:00 UTC
Falklands farmers face tough times unable to have a fluid sale of their wool clip

Lawmaker Gavin Short rose at the Falkland Islands elected Legislative Assembly this week and asked MLA Teslyn Barkman if she was “aware of any farms that have been unable to sell their wool clip either fully or partially this season.”