Economy

• Monday, August 13th 2018 - 07:19 UTC

  UK embassy supporting program to help Brazil's energy goals

  

  As part of the UK Government’s Prosperity Fund, the British Embassy in Brazil is commissioning a study to assess various options for the governance structure of an Energy Centre to inform and support the Prosperity Fund Energy Program.

• Monday, August 13th 2018 - 06:54 UTC

  Environmental organizations warn about salmon farming risks in Tierra del Fuego

  

  A report issued by the Forum for the Conservation of the Patagonian Sea and Surrounding Areas warns of the serious impacts that salmon and trout farming would have on the Argentine coast if the initiatives being considered by the federal government and the province of Tierra del Fuego are approved.

• Monday, August 13th 2018 - 06:29 UTC

  Brazil: Smartphones and tablets surpass Internet banking for the first time

  

  The mobile channel has surpassed Internet banking for the first time in Brazil, according to statistics from the Brazilian Central Bank.

• Saturday, August 11th 2018 - 21:37 UTC

  With a Brexit transition deal, UK financial sector “will not be hit as badly as feared”

  

  The UK financial services sector will not be hit by Brexit as badly as feared, London's Lord Mayor has said. Charles Bowman told website Politico between 5,000 and 13,000 jobs could go by the UK's departure on 30 March 2019. The figure, which assumes the UK will secure a transition deal, is based on public Brexit job announcements by City firms and internal staff analysis.

• Saturday, August 11th 2018 - 09:53 UTC

  Monsanto loses Roundup weed killer case and will have to pay US$ 289 million

  

  A San Francisco jury on Friday ordered agribusiness giant Monsanto to pay US$ 289 million to a former school groundskeeper dying of cancer, saying the company's popular Roundup weed killer contributed to his disease.

• Saturday, August 11th 2018 - 09:37 UTC

  'K notebooks' corruption: companies won't be punished for what employees may have done

  

  The Argentine government will allow companies whose officials are named in a corruption probe to continue work on existing projects and to bid for new ones. Contracts will be honored and companies won’t be punished for what employees may have done, Transport Minister Guillermo Dietrich said in an interview in Buenos Aires.

• Saturday, August 11th 2018 - 09:13 UTC

  Black Friday for Argentina: dollar climbs 3.86% and sovereign credit risk reaches 700 points

  

  Argentina’s peso closed down 3.86% on Friday and the stock market ended 1.44%, pressured by emerging markets turmoil, particularly in Turkey, and a corruption scandal that has touched some of the country’s top business leaders, traders said.

• Friday, August 10th 2018 - 08:26 UTC

  Brazil farmers criticize law establishing minimum truck freight rates

  

  Brazil’s President Michel Temer signed into law a bill authorizing the government to set minimum truck freight prices, drawing criticism from farm groups who said the measures would drive up costs for food.

• Friday, August 10th 2018 - 07:55 UTC

  Insurance industry predicts a “nightmare scenario” in a no-deal Brexit

  

  A no-deal Brexit would be a “nightmare scenario” for the insurance industry and must be avoided “at all costs” to safeguard the future of the sector, a new report has warned.The report by global law firm Kennedys said that slow progress in Brexit negotiations has forced many insurance companies to draw up – and in some cases implement – plans to move part of their business out of the UK, with Dublin a favored destination.

• Friday, August 10th 2018 - 07:40 UTC

  Caribbean island and BOT Anguilla worries about Brexit

  

  Under the heading of 'The tiny British island of Anguilla worries about Brexit', The Economist addressed the issue of the impact of Brexit on its Overseas Territories, mainly in the Caribbean and particularly in Anguilla, an island whose connectivity is entirely dependent on neighboring territories from France and the Netherlands. There is also a mention to other BOTs, such as the Falkland Islands, and its main exports market, Spain, 'which has a taste for Argentine squid'. And 'it is not clear whether the Falklands will retain tariff-free access to this market once Britain leaves the EU'.