Economy

Friday, February 14th 2020 - 08:28 UTC
Argentina anticipates rough times for bondholders in any of three possible economic scenarios

Argentina’s economy minister confirmed bondholders’ worst fears, telling them to brace for significant losses as the country restructures its debt amid an economic crisis. Martin Guzman warned that holders of Argentine debt will probably be disappointed by the restructuring, without providing specifics on how steep losses could be.
Friday, February 14th 2020 - 07:23 UTC
Falkland Islands announces partner to develop new port

The Falkland Islands Government (FIG) announced on Thursday it has selected a development partner to design and build a new port in Stanley Harbour. After an extensive global procurement process, FIG is pleased to announce that it has agreed to BAM Nuttall Ltd as its development partner, subject to successful conclusion of contract. The aim is for the contract to be agreed and signed by the end of March 2020.
Thursday, February 13th 2020 - 10:12 UTC
IMF mission begins talks in Argentina; Government presented his fiscal plan to Congress

Recession-hit Argentina opened talks on Wednesday with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. The delegation, led by Julie Kozack and Luis Cubeddu, arrived in Buenos Aires for a week-long visit as left-wing groups staged public protests to demand a suspension of debt payments.
Thursday, February 13th 2020 - 10:08 UTC
Biggest smartphone conference in Barcelona cancelled because of coronavirus concerns

The biggest smartphone conference of the year was just canceled. The organizers of Mobile World Congress in Barcelona, GSMA, announced in a statement on Wednesday that the conference was canceled because of concerns about the coronavirus.
Thursday, February 13th 2020 - 10:08 UTC
Brazilian economic model is changing, “lower interest rates and a weaker Real”

Brazilian Economy minister Paulo Guedes said that the economic model has changed and no long is made up of high interest rates and a strong Real. His comments follow concerns that the exchange rate of the Real against the US dollar has been increasing sustainedly for the last few days.
Thursday, February 13th 2020 - 09:56 UTC
Suspects of journalist terrorist killing in Londonderry arrested and charged

Police in Northern Ireland on Wednesday charged a middle-aged man with the 2019 murder of journalist Lyra McKee, who was shot dead during rioting in the city of Londonderry.
Wednesday, February 12th 2020 - 11:24 UTC
Heathrow may fall behind Paris as Europe’s number 1 airport hub

Despite record-breaking start to the year at Heathrow, latest figures show that EU competitor, Charles de Gaulle, is growing at twice the rate and is set to overtake as Europe’s leading hub airport within the next 2 years.
Wednesday, February 12th 2020 - 09:52 UTC
Argentine flatworm and predator Obama nungara, has become a plague of French gardens

One of the consequences of globalization is the inadvertent human-mediated spread of invasive species. The presence of a new invader, named Obama nungara, is reported in France by an international team led by Jean-Lou Justine of ISYEB (Muséum National d’Histoire Naturelle, Paris, France). This is the first study of this invasion, reported in an article published in the open-access journal PeerJ.
Wednesday, February 12th 2020 - 09:38 UTC
New chapter of the legal saga: Google will appeal a 2.4bn Euro penalty from the EU's antitrust regulator

Google and the EU have a big day in court on Wednesday as the search engine giant enters a new phase of a legal saga that began a decade ago. The Silicon Valley juggernaut is appealing a 2.4 billion Euro (US$2.6 billion) fine from 2017 that was the first in a series of major penalties from the European Commission, the EU's powerful anti-trust regulator.
Wednesday, February 12th 2020 - 09:32 UTC
Brazilian governor believes less protection of sugar will mean lower prices for consumers

The governor of Sao Paulo said on Monday at an industry conference that less protection of sugar would guarantee better access and lower prices for consumers. “Sugar is the most protected product in the market, the reduction of tax and non-tax barriers would guarantee better access,” Joao Doria said in his opening remarks at a three-day industry meet in Dubai.