Economy

• Saturday, February 24th 2018 - 07:54 UTC

  UK's approach to next stage of negotiations bases on “pure illusion”, says Tusk

  

  UK's approach to the next stage of Brexit negotiations seems to be based on “pure illusion”, Donald Tusk says. The European Council president told a news conference in Brussels that the UK was still trying to “cherry pick” its future relationship with the EU.

• Friday, February 23rd 2018 - 09:46 UTC

  PM May preparing her “Road to Brexit” following a meeting of “war committee”

  

  British Prime Minister Theresa May will set out “the way forward” for Brexit next week after a meeting with top aides on Thursday intended to resolve differences over strategy that are dividing her team, and frustrating European Union negotiators.

• Friday, February 23rd 2018 - 09:35 UTC

  UK economy grows at the slowest pace among world's wealthiest countries

  

  The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, the ONS said.

• Friday, February 23rd 2018 - 09:21 UTC

  Mexico buying more Brazilian corn over concern with NAFTA negotiations

  

  Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.

• Friday, February 23rd 2018 - 09:13 UTC

  Argentine farmers agree to pay royalties to seed companies like Monsanto

  

  Argentine farmers have agreed to pay perpetual royalties when they replant genetically modified seeds made by companies like Monsanto Co, a deal that could allow farmers access to the newest biotechnology.

• Friday, February 23rd 2018 - 09:00 UTC

  Takata faulty airbag manufacturer reaches settlement in US

  

  The US arm of Japanese manufacturer Takata has reached a settlement with 44 US state attorneys-general into claims it concealed dangerous defects in its exploding airbags. The faulty airbags have been linked to at least a dozen deaths and more than 100 injuries worldwide. The settlement includes a civil penalty of about US$650m.

• Friday, February 23rd 2018 - 07:49 UTC

  Falklands: Second flight statement meets approval and dismay

  

  A statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released last week by the Falkland Islands Government, but too late for publication in the Penguin News, has met with a mixed reception in the Islands. While some have expressed favor others have reservations and questions as witnessed by readers’ letters in this Friday edition.

• Friday, February 23rd 2018 - 06:56 UTC

  Falklands/Uruguay strengthening of links is of interest to visiting diplomats

  

  Two British diplomats based in Latin America were visiting the Falklands this week, arriving on Sunday on the delayed LATAM flight after enjoying an unexpected one-night stopover in Punta Arenas. Making his second visit to the Falklands was His Excellency Ian Duddy, British Ambassador to Uruguay. He was accompanied by Richard Jones, Second Secretary at the British Embassy in Buenos Aires.

• Thursday, February 22nd 2018 - 09:41 UTC

  Argentine union leader Moyano remembers Macri where the real opposition stands

  

  Argentina's teamsters powerful boss, Hugo Moyano supported by members from banks, judicial and teachers unions, plus social, picketers and left wing groupings, together with Kirchner followers marched on downtown Buenos Aires Wednesday evening for a huge rally to protest President Mauricio Macri's economic policies and attempts to reform labor legislation.

• Thursday, February 22nd 2018 - 09:20 UTC

  US share of global sales of soybean and grains to shrink as South American competition grows

  

  The U.S. Department of Agriculture sees U.S. corn and soybean exports generally increasing over the coming decade but the U.S. share of global sales will shrink as competition from South American producers heats up, the government said in its annual report.