Economy

Tuesday, November 6th 2018 - 14:30 UTC
Alpargatas closes Chaco factory, lays off all workers, sells facilities

The clothing firm Alpargatas shut down its factory in the Argentine province of Chaco, it was reported Monday. The company made it clear it was not a temporary measure by laying off the entire staff and placing the facilities on sale. Further closures and subsequent dismissals nationwide look imminent.
Tuesday, November 6th 2018 - 10:22 UTC
Chilean operators to seek Supreme Court ruling on Latam / American Airlines “cartel” agreement

The Chilean Association of Tourism Companies (ACHET) Monday announced it will take the question of the agreement of Latam Airlines with American Airlines and International Airlines Groups (IAG), which was approved last Wednesday by the Court of Defense of Free Competition (TDLC), to the Supreme Court, the Diario Financiero newspaper reported.
Tuesday, November 6th 2018 - 08:58 UTC
Cuban economy again on the downturn; austerity measures to continue into 2019

Communist-run Cuba’s economic growth will come in at around 1% this year, compared with the 2% previously forecast, due to a fall in exports and tourism revenue, state-run media reported over the weekend. The Caribbean island’s gross domestic product grew 1.8% last year and 0.5% in 2016.
Tuesday, November 6th 2018 - 08:44 UTC
Oil market cautious as US punitive sanctions on Iran become effective

Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic. The sanctions are part of U.S. President Donald Trump’s effort to curb Iran’s missile and nuclear programs and diminish its influence in the Middle East.
Tuesday, November 6th 2018 - 07:13 UTC
Falklands launches the annual customer satisfaction survey

The Falkland Islands Communications Regulator has announced that the Communications Customer Satisfaction Survey 2018 is now open, and Sure customers have until Sunday 25 November to respond. Sure is the South Atlantic Telecommunications Server.
Monday, November 5th 2018 - 18:06 UTC
Bill Gates foresees taxes on robots to keep people at their jobs

Microsoft founder Bill Gates foresees that a special tax on robots will be introduced in the near future to help people keep their jobs, according to an interview published Monday in the Japanese Nikkei newspaper.
Monday, November 5th 2018 - 08:49 UTC
UK's top lawyers and business leaders have urged for another Brexit referendum

Members of Parliament have been urged to back another Brexit referendum by 1,400 of the UK's top lawyers. They have written to Prime Minister Theresa May to say that Parliament should not be bound by the 2016 vote. “Democratic government is not frozen in time,” the letter said.
Monday, November 5th 2018 - 08:28 UTC
Macri and PM May scheduled to hold a bilateral meeting at the end of the month

British Prime Minister Theresa May and Argentine president Mauricio Macri are scheduled to hold a bilateral meeting in the framework of the coming G20 summit to be held in Buenos Aires at the end of the month.
Monday, November 5th 2018 - 08:18 UTC
The UK's Real Living Wage goes up to £9 an hour

UK residents working for an employer who has voluntarily signed up to the real Living Wage are set for a 2.8% pay rise this week. For the first time they will receive £9 an hour. This is not to be confused with the compulsory National Living Wage, which is currently £7.83 an hour for anyone over the age of 25.
Sunday, November 4th 2018 - 15:02 UTC
Fuel goes up 7% in Argentina, 14th increase in 2018 to reach a total 65% this year

The retail price of fuel went up around seven percent this weekend in Argentina, for an aggregate 65 percent yearly rise that led impoverished consumers to use other transport means to make up for it.