Economy

• Wednesday, June 5th 2019 - 09:15 UTC

  Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

  

  The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.

• Tuesday, June 4th 2019 - 19:48 UTC

  Falklands 2019/20 budget main investments in community services and capital projects

  

  Community comes first is the clear message of the Falkland Islands Government Budget for 2019/20 by prioritising investments in education, health and inflationary increases across welfare allowances. The spending commitments also aim to consolidate progress with capital plans and ensuring that these developments can continue to be funded without running a deficit.

• Tuesday, June 4th 2019 - 19:29 UTC

  Falklands challenged by the complexity of Brexit uncertainties, but will fight for a “fair deal” pledges Governor Phillips

  

  The challenging complexity and uncertain consequences of Brexit, progress in understandings with Argentina, including the second weekly air link to Sao Paulo, a sound economy with financial stability and the strong commitment of the Falkland Islands population with representative democracy, were outlined by Governor Nigel James Phillips, CBE in his annual address to the elected Legislative Assembly of the Falkland Islands.

• Monday, June 3rd 2019 - 09:16 UTC

  British Industry warns Tory leadership candidates of severe damage in a no-deal Brexit scenario

  

  The Confederation of British Industry has warned Conservative leadership candidates over a no-deal Brexit. Such a scenario would do “severe” damage to businesses, the body - which supported Remain - told all the MPs running to lead the party.

• Monday, June 3rd 2019 - 08:51 UTC

  China ready to fight the US on trade, but the door still open for talks, Beijing defense minister says

  

  China is ready to fight the US on trade but the door is still open for talks, the country's defense minister said on Sunday. “On the trade friction started by the US: if the US wants to talk, we will keep the door open. If they want to fight, we are ready,” General Wei Fenghe told an international security dialogue in Singapore.

• Saturday, June 1st 2019 - 09:58 UTC

  Markets and US businesses lobbies react negatively to Trump's tariffs on Mexican imports

  

  Mexico's president has insisted his government will not be provoked after President Donald Trump announced escalating tariffs on all goods unless Mexico curbed illegal migration. Andrés Manuel López Obrador described Mr Trump's slogan “America First” as a fallacy and said universal justice was more important than borders.

• Friday, May 31st 2019 - 09:40 UTC

  Falklands Association concerned about political events in UK and Argentina

  

  The local sub-committee of the Falkland Islands Association which has in various forms defended Falklands' interests since 1968, has sent out an email to all its members asking them “to give a rough outline of how they view the current political situation together with any ideas or fears they may have for the future and anything they would like to see the FIA doing on their behalf.”

• Friday, May 31st 2019 - 09:30 UTC

  Merkel at Harvard deplores attacks on climate change, free trade, condemns walls and lies

  

  German Chancellor Angela Merkel on Thursday urged the world to do “everything humanly possible” to combat climate change and pledged to do her part. “Climate change poses a threat to our planet's natural resources,” Merkel said in her commencement address delivered at Harvard University in the United States. “It and the resulting crises are caused by humans.”

• Friday, May 31st 2019 - 09:30 UTC

  Tories and Labour face Brexit debacle: Libs and Farage, become the leading parties shows YouGov poll

  

  British Prime Minister Theresa May's Conservative Party is facing its worst ever general election result if a vote were held now, according to a new opinion poll, as voters frustrated with the deadlock over Brexit will punish the main political parties.

• Friday, May 31st 2019 - 09:25 UTC

  US Treasury monitoring list of countries with large trade surplus and possible currency manipulation

  

  The US Treasury expanded the number of countries subject to scrutiny in a semi-annual report released this week, but again found that neither China nor any other trading partners was manipulating its currency. The treasury urged the Asian giant to avoid allowing the renminbi to weaken persistently - which would give its products a more competitive advantage.