Economy

Friday, October 18th 2019 - 17:41 UTC
Thousands of Spanish jobs depend on the Falkland Islands fishery

The close links between the Falkland Islands and the Galician fishing and shipbuilding industries were outlined by James Bates, Executive Secretary of the Falkland Islands Fishing Companies Association, (FIFCA), who recently attended the Conxemar 2019, in Vigo, Galicia, the largest frozen seafood exhibition in Europe after Brussels.
Friday, October 18th 2019 - 10:58 UTC
Johnson strikes a deal with EU, but he still has to convince a reluctant Parliament

British Prime Minister Boris Johnson will this Friday seek to sell his Brexit deal to skeptical MPs, as he returns home fresh from an EU victory but risking defeat in parliament. Johnson pulled off a major coup in agreeing a new divorce deal with the European Union leader, paving the way for him to deliver his promise to leave the bloc on Oct 31.
Friday, October 18th 2019 - 10:55 UTC
New IMF chief pledges full support for Argentina, but will wait for election results

The International Monetary Fund will stand by Argentina as it works through its economic crisis, Managing Director Kristalina Georgieva said on Thursday. She added that the Fund was waiting to see the future policy framework adopted by Argentina, which holds an election later this month in which a change of government is widely predicted.
Friday, October 18th 2019 - 10:35 UTC
Trump's latest surprise: he will host the G7 economic summit at his Florida golf resort

U.S. President Donald Trump will host next year’s Group of Seven economic summit of leaders of developed nations at his Florida golf resort, a move Democrats and others decried as more evidence of the president misusing his office for personal gain.
Friday, October 18th 2019 - 10:25 UTC
China's economy grows at its slowest rate in three decades in the third quarter

China's economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade war, official data showed on Friday.
Friday, October 18th 2019 - 09:38 UTC
Credit Suisse will charge wealthy clients with large cash deposits

Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers. Individual and business customers will be charged a rate of -0.75per cent on cash balances above 2 million Swiss francs (US$2.02 million), Switzerland's second-biggest lender said. Balances of less than 2 million francs will be unaffected.
Thursday, October 17th 2019 - 09:55 UTC
Brexit concerns blowing gale across nervous Falklands

The following piece on the Falklands and Brexit was distributed by the French news agency, AFP, both in English and Spanish. - It may be a remote archipelago 13,000km from mainland Britain but the Falkland Islands' incredible biodiversity, as well as fishing and meat exports, are under threat from Brexit.
Thursday, October 17th 2019 - 09:54 UTC
September inflation in Argentina reaches 5.9% and 53.5% in twelve months

Argentina consumer prices rose 5.9% in September, the country’s statistics agency said on Wednesday, the sharpest jump in a year amid a flaring economic crisis in Latin America’s no. 3 economy. That brought year-to-date inflation to 37.7%, the National Institute of Statistics and Censuses (INDEC) said, while rolling 12-month inflation was running at 53.5%.
Thursday, October 17th 2019 - 09:46 UTC
EU Council president Tusk hopeful a Brexit deal is ready to materialize

EU Council President Donald Tusk said on Wednesday that the basic foundations of an agreement on Brexit were ready and that it could materialize within hours.
Wednesday, October 16th 2019 - 17:54 UTC
Brazilians allowed to double purchases in duty free shops to US$ 1.000

Brazilian Minister of Economy, Paulo Guedes, signed a resolution on Monday raising the limit of purchases in duty-free shops from US$ 500 to US$ 1,000. The new value for purchases from foreign and domestic airports and border free shops, starts January 1, 2020.