Economy

Saturday, July 6th 2019 - 12:50 UTC
Brexit and Conservative nationalism: fantasy collides with reality next October

By Gwynne Dyer - Oscar Wilde described fox-hunting as “the unspeakable in pursuit of the inedible.” Brexit may be similarly defined as the unhinged in pursuit of the infeasible.
Saturday, July 6th 2019 - 09:49 UTC
Falkland Islands and Brazil: Agreement reached for historic commercial flight

An agreement has been finalised with LATAM Airlines Brazil to introduce a second international commercial air link to the Falkland Islands with a weekly service from São Paulo/Guarulhos (with a monthly stop in Cordoba, Argentina), complementing the existing weekly flight to Santiago, Chile.
Saturday, July 6th 2019 - 09:35 UTC
IMF expected to release the next US$ 4.5bn disbursement to Argentina in mid July

The International Monetary Fund reached an agreement with Argentina that will allow release of the next US$5.4 billion disbursement under the loan program intended to help stabilize the nation’s economy.
Friday, July 5th 2019 - 17:59 UTC
African swine disease confirmed in Europe: two outbreaks in Bulgaria

Bulgaria has confirmed two cases of African swine fever among backyard pigs in the village of Zhernov near the town of Pleven in the northern part of the country, the national food safety agency said.
Friday, July 5th 2019 - 14:21 UTC
Boris Johnson proposes taxing technology giants

Boris Johnson, the leading candidate to replace Theresa May as British Prime Minister, said on Thursday the government had to find a way to tax global technology giants on their income.
Friday, July 5th 2019 - 08:42 UTC
Brazilian stocks at new records as pension reform clears key congressional hurdle

Brazilian markets rallied on Thursday and stocks hit the highest level on record, as the government’s cornerstone pension reform bill cleared a key congressional hurdle. The special pension reform committee in Congress passed the basic text by a vote of 36 to 13, and the reform bill could now be only two weeks from achieving full lower house approval.
Friday, July 5th 2019 - 08:31 UTC
Falklands' farmers suffer Brexit uncertainty: lower prices and slower sales of meat

$UK export sales are down and with only a fraction of those being absorbed by the national market, produce has been put into cold storage$

Uncertainty surrounding the possibility of a no-deal Brexit resulted in lower prices and slower sales of meat in the 2019 export season, Falkland Islands farmers were told this week.
Friday, July 5th 2019 - 04:23 UTC
Samsung sued in Australia for misleading publicity: allegedly Galaxy phones have proven not water proof

Australia's competition regulator said on Thursday it is suing the local unit of South Korea's Samsung Electronics, alleging it misled consumers by promoting its Galaxy smartphones as water resistant.
Thursday, July 4th 2019 - 19:13 UTC
Brazilian leading meat processor is “buying cattle from ranchers operating on deforested land”

Brazilian food processor JBS SA has been buying cattle from ranchers operating on deforested land in the Amazon that the government had said must not be used for grazing, a newspaper report said on Tuesday.
Thursday, July 4th 2019 - 17:54 UTC
Wall Street fresh records on expectations of a FED interest rate cut

Optimistic investors drove Wall Street to fresh record highs amid strong expectations of an impending US interest rate cut. The Dow Jones index lifted by 179 points, 0.7 per cent, to 26,966. The broader S&P 500 posted its third consecutive record high, up 0.8 per cent, while the tech-heavy Nasdaq rose 0.75 per cent.