Economy

Thursday, February 15th 2018 - 09:25 UTC
US January inflation, highest jump in a year; anxiety over higher borrowing rates

Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth. The latest source of concern was a report on Wednesday that showed a key measure of inflation rising in January by the sharpest rate in a year. The increase was led by higher prices for clothing, housing and auto insurance.
Wednesday, February 14th 2018 - 19:04 UTC
Falkland Islands gears up for Illex Season 2018

The Falkland Islands Government are currently going through the annual process of licensing fishing vessels for the Illex squid fishery in their Conservation Zone. Illex are a migratory species of squid, caught in significant quantities in the South-West Atlantic annually. The product is mainly shipped to the Far East where it is consumed.
Wednesday, February 14th 2018 - 09:48 UTC
PDVSA bonds should be traded as in default, recommends EMTA

Emerging markets trade group EMTA has recommended that bonds issued by Venezuela’s state-owned oil firm PDVSA should be traded flat or without accrued interest, the way bonds in default are typically traded.
Wednesday, February 14th 2018 - 09:10 UTC
UK January inflation remains at 3%; slower food and raw materials prices

United Kingdom inflation remained at 3% in January, the same level as in December, as reported by the Office for National Statistics, ONS. In November it was the six year high of 3.1% and most economists were expecting a small fall in the CPI to 2.9%.
Wednesday, February 14th 2018 - 08:34 UTC
Gatwick/Buenos Aires air shuttle by Norwegian start from £259 one-way

This Wednesday, the first ever budget flight from London to South America departs from Gatwick airport. Fares on the 14-hour Norwegian Air Shuttle flight to Buenos Aires start from £259 one-way. The seats are tightly packed and food and luggage cost extra, but the no-frills model of flying, so well established on short-haul routes, is becoming increasingly common on intercontinental flights.
Wednesday, February 14th 2018 - 08:08 UTC
Sky and BT will broadcast Premier League football beginning 2019/20; three seasons £4.464bn contract

Sky and BT Sport have agreed to pay £4.464bn to broadcast Premier League football games for three seasons from 2019-20. Five of seven live packages have been awarded, with bidding for the remaining two ongoing. Interest from “multiple bidders” remains, the Premier League said.
Wednesday, February 14th 2018 - 07:51 UTC
Europe welcomed 671 million tourist arrivals in 2017, up 8% from 2016

Europe welcomed 671 million international tourist arrivals in 2017, an outstanding 8% growth compared to 2016 (+2%), consolidating for the eighth consecutive year, its position as the leading destination worldwide.
Wednesday, February 14th 2018 - 07:10 UTC
The Wall Street Journal: “Inflation stalks Macri in Argentina”

The Wall Street Journal has published a piece on the political situation of Argentine president Mauricio Macri, battling inflation, an undelivered electoral pledge, and allegedly very much aware of a long standing spell: no non Peronist president has been able to complete the mandate for which he was elected.
Tuesday, February 13th 2018 - 08:18 UTC
Barclays Bank PLC charged of “unlawful financial assistance” by UK's serious fraud office

The United Kingdom Serious Fraud Office (SFO) has charged Barclays Bank PLC with “unlawful financial assistance” related to billions of pounds raised from Qatar in 2008. The same charges were brought against Barclays PLC in June last year.
Monday, February 12th 2018 - 15:46 UTC
Brexit impact studies leaks again questions PM May's approach to negotiations

Brexit impact studies released to MPs by the UK government reveal the North East of England and West Midlands will sustain the biggest hit to economic growth from Britain’s withdrawal from the European Union.