Economy

• Friday, June 26th 2020 - 10:01 UTC

  Falklands Covid-19 support measures total £8 million; inflation 0,03% in fourth quarter

  

  The Falkland Islands Standing Finance Committee has revealed that the government has funded Covid-19 support measures to the tune of £7.983 million. The spending has been offset by underspends from a number of government departments, including Education and Natural Resources, while the Islands Plan budget is expected to underspend by nearly half a million pounds.

• Friday, June 26th 2020 - 09:43 UTC

  A fifth of US labor force received unemployment checks in the first week of June

  

  The number of Americans filing claims for unemployment benefits fell moderately last week as the second wave of layoffs partially offset hiring by businesses reopening, suggesting the labor market could take years to recover from the COVID-19 pandemic.

• Friday, June 26th 2020 - 08:27 UTC

  Labour leader sacks education spokeswoman on “anti Semitic” controversy

  

  The new leader of Britain's main opposition Labour Party, Keir Starmer, sacked his education spokeswoman Rebecca Long-Bailey on Thursday after she shared an article online which included a reference to what he called an “anti-Semitic conspiracy theory”.

• Thursday, June 25th 2020 - 09:30 UTC

  UK stands for Falklands' squid in post-Brexit trade talks, Financial Times

  

  UK has been standing out for the Falklands and its squid and fish sales to the European Union, according to an article from the Financial Times, credited to Jim Brunsden in Brussels, and referred to the post-Brexit EU/UK trade talks.

• Thursday, June 25th 2020 - 06:44 UTC

  Italy guarantees US$ 7 billion loan to Fiat Chrysler as it merges with France's PSA

  

  Italy's government said on Wednesday it would guarantee a 6.3-billion-euro (US$7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.

• Wednesday, June 24th 2020 - 11:57 UTC

  MSCI warns that the Argentina Index could be removed from the MSCI Emerging Markets Index

  

  MSCI Inc, the world’s largest index provider, warned on Tuesday that the MSCI Argentina Index could be removed from the MSCI Emerging Markets Index should it become harder for foreign investors to access its stock market.

• Wednesday, June 24th 2020 - 10:52 UTC

  Argentina's economy contracted 5,4% and unemployment reaches 10,4% in first quarter

  

  Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.

• Wednesday, June 24th 2020 - 09:28 UTC

  UN freezes 2020/2021 budget for peacekeeping operations

  

  The UN budget for peacekeeping operations will remain at US$6.5 billion under an agreement reached overnight among the UN's 193 member states, diplomats said on Tuesday.

• Wednesday, June 24th 2020 - 09:16 UTC

  UK moves to end “national hibernation” with pubs reopening on July 4

  

  Pubs in England can reopen on Jul 4 after over three months of closure due to coronavirus, Prime Minister Boris Johnson announced on Tuesday, a move hailed by the industry after warnings many premises could shut for good.

• Tuesday, June 23rd 2020 - 10:26 UTC

  Falklands government on track to deliver a five year £130m capital program

  

  The Falkland Islands Government confirmed its commitment to delivering its capital program, despite some disruption caused by the global COVID-19 pandemic. The approved total capital program is valued at £130m over five years and there is significant work on-going to deliver critical infrastructure projects.