Economy

• Friday, February 16th 2018 - 09:53 UTC

  Proposal to give £10,000 per year to every UK citizen under 55

  

  The United Kingdom government should give £10,000 per year to every citizen under 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactrurers and Commerce (RSA) says it could pave the way to everyone getting a basic state wage. The Labour Party has also said it is looking into similar arguments for a Universal Basic Income (UBI).

• Thursday, February 15th 2018 - 09:45 UTC

  Argentina central bank holds benchmark rate at 27.25%; inflation data on Thursday

  

  Argentina’s central bank held its benchmark seven-day interbank lending rate at 27.25% on Wednesday, the monetary authority said in a statement, amid an increase in inflation expectations and “mixed signals” in prices so far this year.

• Thursday, February 15th 2018 - 09:37 UTC

  For the first time in seven years, Euro-zone economy grew faster than UK in 2017

  

  For the first time in seven years, the Euro-zone's economy grew quicker than the UK's last year, according to data from Eurostat released on Wednesday. The preliminary growth estimates for the final quarter of 2017 showed the bloc of Euro nations growing at a combined 2.7% over the course of the year, having expanded 0.6% in the final quarter alone.

• 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.