Economy

• Wednesday, March 21st 2018 - 07:49 UTC

  Falklands' air service upgrading avionics of its fleet of Islanders

  

  Britten-Norman has reported that it completed the first in a series of avionics upgrades to a fleet of five BN2B-26 Islanders owned and operated by the Falkland Island Government Aviation Services (FIGAS). The avionics are being upgraded to the Garmin G600 glass cockpit standard including the GTN650/750 GPS/NAV/COMM, GTX335R remote transponder and electronic engine instruments.

• Wednesday, March 21st 2018 - 07:37 UTC

  UK inflation drops to 2.7% in February, weakest increase since July 2017

  

  UK inflation was weaker than expected in February easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May. Official data showed consumer prices rose by an annual 2.7% last month, the weakest increase since July of last year and down from a rise of 3.0% in January.

• Wednesday, March 21st 2018 - 07:07 UTC

  Mercosur “blocks” talks on auto exports and government procurement contracts, claims EU

  

  European officials said this week that significant obstacles remain to a long-delayed trade deal between the European Union and Mercosur, even as South American officials expressed optimism a deal would be finalized soon.

• Wednesday, March 21st 2018 - 06:41 UTC

  Lagarde insists at financial G20: “we should fix the roof while the sun shines”

  

  IMF Managing Director Christine Lagarde at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting in Buenos Aires, reiterated praise for Argentina president Mauricio Macri gradual economic policies, and called on the need for reform in the more advanced economies to ensure sustained, solid growth.

• Tuesday, March 20th 2018 - 10:44 UTC

  UK and EU agree on a “large part” of Brexit's implementation period, but issues remain

  

  UK and EU have agreed on a “large part” of the agreement that will lead to the “orderly withdrawal” of the UK. Negotiators Michel Barnier and David Davis said the deal on what the UK calls the implementation period was a “decisive step” in the Brexit process, although some of the issues still to be resolved include the Northern Ireland border.

• Monday, March 19th 2018 - 09:28 UTC

  Germany and Argentina champions of international free trade at G20 meeting

  

  Germany and Argentina want to uphold a pledge to keep international trade free at a summit of the world’s 20 largest economies in Buenos Aires this week, the countries’ finance ministers said on Sunday.

• Monday, March 19th 2018 - 08:52 UTC

  Next chief of China's central bank was educated in University of Illinois

  

  US-educated economist Yi Gang has been named the next governor of China's central bank, replacing Zhou Xiaochuan. Mr Yi joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008. His appointment is being seen as one of ensured continuity as Beijing continues to try and rein in growing debt and limit risky financial practices.

• Monday, March 19th 2018 - 08:45 UTC

  Brazil's giant meat packer JBS sells feed-lot assets in several US states

  

  It took about eight months, but Brazil's giant meat packing industry JBS is finally free of its Five Rivers Cattle Feeding operations. The Greeley-based company in Colorado had planned since last June to sell its massive cattle feeding operations, which span six states including Colorado. The deal became final and closed on Friday.

• Sunday, March 18th 2018 - 10:36 UTC

  Ushuaia at Seatrade in Miami praised for the port services improvements

  

  The port of Ushuaia in Tierra del Fuego expects to end the current 2017/18 cruise season with over 339 calls, fifty more than in the previous season, revealed governor Rosana Bertone who attended the SeaTrade International Fair in Miami, the world's major event of the industry.

• Friday, March 16th 2018 - 10:38 UTC

  Three Caribbean nations blacklisted as tax havens by the European Union

  

  European Union (EU) finance ministers have added the Bahamas, the US Virgin Islands and St Kitts and Nevis to a tax haven blacklist, while removing St Lucia from the list. And Trinidad and Tobago remains on the list which was created last December.