Economy

Wednesday, May 16th 2018 - 17:42 UTC
68% of the world population projected to live in urban areas by 2050, says UN

Sustainable development depends more and more on the successful management of urban growth, especially in low-income and lower-middle-income countries where the pace of urbanization is projected to be the fastest.
Wednesday, May 16th 2018 - 09:09 UTC
Argentina seems to have managed Tuesday's challenge, but what comes next?

Argentina’s central bank on Tuesday rolled over billions of dollars in short-term debt, providing President Mauricio Macri’s government with a shot of confidence after weeks of economic volatility. In a statement, the Argentine central bank said it refinanced all of the US$ 26 billion of peso-denominated short term bonds that matured on Tuesday. Investors were attracted by renewal rates of 40% for 36-day Lebac and 38% and 38,5% for 90 days and plus, Lebacs.
Wednesday, May 16th 2018 - 09:02 UTC
ILO annual report: Climate change combat could create millions of new job opportunities

Its forecast that 24 million new posts “will be created globally by 2030”, contains the caveat that “the right policies to promote a greener economy” must also be in place for this to happen, along with better social safety nets for workers.
Wednesday, May 16th 2018 - 07:08 UTC
Falklands' Legislative Assembly members visit West Falkland

From Friday 11 May to Sunday 13 May 2018, Members of the Falkland Islands elected Legislative Assembly visited West Falkland to give a series of presentations on The Islands Plan 2018 – 2022.
Tuesday, May 15th 2018 - 06:54 UTC
Argentina's “L” Day challenge: US$ 25bn in Peso bonds mature on Tuesday

The Argentine Peso plummeted to a new low on Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves. The Peso fell sharply on opening Monday and closed down 6.2%, trading at 25.52 against the dollar, having lost close to 33% so far this year.
Tuesday, May 15th 2018 - 06:43 UTC
Argentine admits less growth and more inflation, but exports could be boosted with a dearer dollar

High interest rates will have a negative impact on activity, and the weaker peso resulting from a floating exchange rate regime will add to already sky-high inflation, but both are necessary to prevent a deeper crisis, Argentine Treasury Minister Nicolas Dujovne admitted on Monday.
Monday, May 14th 2018 - 08:20 UTC
The Economist: Will Argentina's woes spread?

Argentina has much in common with yesterday's emerging markets, but little in common with today's
Saturday, May 12th 2018 - 19:00 UTC
Falklands: Brexit on the Brussels fish show menu

Falkland Islands fishing companies may have attended the Brussels Seafood Show intermittently for over a decade, but the looming specter of Brexit lent this year’s attendance unprecedented significance. For James Bates, Falkland Islands Fishing Companies Association (FIFCA) Executive Secretary, Brexit gave the industry’s stand at the show a clear mandate this year, “it was about being visible at a time when we need to be.”
Saturday, May 12th 2018 - 13:29 UTC
Catches Variable but Falkland Islands Fishing Season Progressing Well

Earlier this week Mercopress announced that a delegation from the Falkland Islands will be joining the UK Foreign and Commonwealth Office in Argentina next week to discuss fisheries data exchange. This announcement comes shortly after a successful visit to the Brussels Seafood Show, where the important access of continued market access post-Brexit was discussed with partners by Falkland Islands fishing companies.
Saturday, May 12th 2018 - 09:37 UTC
Leading global oil companies interested in Argentina offshore blocks auction

Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.