Economy

• Friday, April 3rd 2020 - 07:45 UTC

  Falklands ensures vital supplies for West Falkland and other islands

  

  Although Falklands have no anticipated difficulties with sea freight logistics to supply the Islands, nevertheless it has the challenge of maintaining West Falkland and the other outer islands with the necessary provisions. Let us not forget that the Falklands are an archipelago that includes two main landmasses and some 700 minor islands.

• Thursday, April 2nd 2020 - 08:50 UTC

  One million Brits claimed “universal credit” welfare payments in two weeks

  

  Almost one million people have claimed “universal credit” welfare payments in the UK in the past two weeks, exposing the massive economic hit from Boris Johnson's coronavirus lockdown.

• Thursday, April 2nd 2020 - 07:51 UTC

  Carnival Cruises raises US$ 6,25bn in new debt and equity but at very high cost

  

  Carnival Corp, the world's largest cruise operator, said it has raised US$6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.

• Thursday, April 2nd 2020 - 07:50 UTC

  US unemployment claims expected at record high: 80% Americans under some form of lockdown

  

  The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

• Thursday, April 2nd 2020 - 07:42 UTC

  Falklands with normal stocks of items and supply shipping services confirmed

  

  The Falkland Islands Government, FIG, confirmed on Wednesday that the normal shipping services supplying goods to the Islands remain in place and understand that major suppliers are expecting new stock to arrive in April as planned.

• Thursday, April 2nd 2020 - 07:36 UTC

  Mitigating impacts of Covid-19 on food trade and markets

  

  The following is the statement by FAO's chief Qu Donguy, WHO's Tedros Adhanom Ghebreyseus and WTO's director-general Roberto Azevedo.

• Wednesday, April 1st 2020 - 07:50 UTC

  Largest ever shipment of cattle loaded at Rio Grande port in South Brazil

  

  The Bahamas flagged vessel named Bader III, which specializes in transporting live cattle, docked last weekend at Estaleiro Rio Grande Pier, Brazil, to handle the largest ever shipment of such cargo at the port.

• Wednesday, April 1st 2020 - 07:45 UTC

  Brazilian meat exports to China on hold because of coronavirus social distancing measures

  

  China has not approved any new Brazilian meat plants for export this year because of the coronavirus pandemic, an official at Brazil’s Agriculture Ministry said, adding that all approvals were on hold until the crisis eases.

• Wednesday, April 1st 2020 - 07:45 UTC

  Wall Street markets tumbled on Tuesday: Dow with its biggest quarterly decline since 1987

  

  Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.

• Wednesday, April 1st 2020 - 07:35 UTC

  Crude oil benchmarks open April overshadowed by fears of global oversupply

  

  Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States.