Economy

Wednesday, November 29th 2017 - 07:39 UTC
EU and London reach agreement on Brexit “divorce bill”, says Daily Telegraph

Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph. The report saw Sterling rapidly cut its losses to trade 0.24% higher at 1.3351, which was up from an intraday low of 1.3220.
Wednesday, November 29th 2017 - 07:09 UTC
Theresa May updates BOTs leaders on Brexit, financial services and reconstruction efforts

A delegation from the Falkland Islands attended on Tuesday 10 Downing Street where Prime Minister Theresa May welcomed leaders from ten British Overseas Territories Street for the start of their annual Joint Ministerial Council meeting. The Falklands' were represented by lawmakers MLA Teslyn Barkman, MLA Roger Edwards and Sukey Cameron OBE, Falklands government representative in London.
Tuesday, November 28th 2017 - 09:21 UTC
Total begins oil production in the giant Libra field in Brazil's pre-salt zone

The giant Libra field in Brazil’s pre-salt zone has started producing oil, French Total said on Monday without providing details about the production rate at the field.
Tuesday, November 28th 2017 - 07:01 UTC
Falklands and other BOTs leaders scheduled to meet with PM Theresa May

Leaders from eleven British Overseas Territories, BTO, including the Falkland Islands will be meeting with Prime Minister Theresa May on Tuesday as part of the Overseas Territories Joint Ministerial Committee, which begins in London, according to a release from 10 Downing Street.
Tuesday, November 28th 2017 - 06:43 UTC
Falklands launches consultation round to update rural development strategy

Falkland Islands lawmakers will be meeting starting in December to scope the community’s priorities under the Rural Development Strategy (RDS), as the current Action Plan ends and a new 3-year phase begins.
Monday, November 27th 2017 - 12:16 UTC
Brazil expects to harvest 111 million tons of soybeans in 2017/18 season

Brazilian farmers are expected to collect 111 million tons of soybeans in the 2017/18 season, said consultancy firm Agroconsult, maintaining the same forecast it released in September.
Monday, November 27th 2017 - 09:42 UTC
US proposal to kill net-neutrality rules, faces a tough legal and public opinion battle

The United States Federal Communications Commission formally released a draft of its plan to kill net-neutrality rules, which equalized access to the internet and prevented broadband providers from favoring their own apps and services. A vote in the controversial proposal is scheduled for next month.
Monday, November 27th 2017 - 09:27 UTC
PDVSA says it has started to repay interest on two bonds nearing default

Venezuela's state-owned oil firm PDVSA said Friday it has started to repay US$233 million in interest on two bonds nearing default, days before the end of the 30-day grace period. Writing on Twitter, the company announced “the transfer process was started to pay the interest on the PDVSA 8,5% 2020 Bonds and the PDVSA 6% 2022 Bonds.”
Monday, November 27th 2017 - 06:54 UTC
New round of EU/Mercosur talks in Brussels: agriculture main concern for France, Ireland, and Poland

Brussels will seek to drive forward negotiations on a far-reaching trade deal with Mercosur this week despite warnings from France and other EU members that they are reaching the limit of the concessions they can tolerate on beef and other sensitive agricultural products, according to a report from the Financial Times.
Saturday, November 25th 2017 - 23:42 UTC
UK's post-Brexit plans on food imports quotas criticized by Australia and New Zealand

Australia has criticized UK's post-Brexit trade plans to split quotas of food imports from around the world. EU rules allow for a certain amount of goods to be brought in from countries outside of the Union without charging full tariffs, but after Brexit, the UK and EU want to split these quotas, based on where the goods are mostly consumed.