Economy

• Wednesday, November 22nd 2017 - 07:54 UTC

  Falklands' Concordia Bay Ferry service rescheduled due to maintenance repairs

  

  The Falkland Islands Government and Workboat Service Ltd, WSL, the company which owns the ferry linking East and West Falkland, have informed that the service will be suspended for an estimated two weeks next month, because the Concordia Bay has to undergo maintenance repairs in Punta Arenas.

• Wednesday, November 22nd 2017 - 06:57 UTC

  UK warned to keep to the “European model” if it targets an ambitious deal with the EU

  

  Britain’s hopes of an advantageous free trade agreement with the EU could be dashed if it attempts to use Brexit as an opportunity to abandon the “European model” and transform itself into a low-tax, low-regulation economy, Brussels’ chief negotiator has warned.

• Tuesday, November 21st 2017 - 13:16 UTC

  ECB warns banks that they “need to have substance locally” in post Brexit

  

  European regulators have warned banks working on post-Brexit plans that they will “need to have substance locally” to serve European clients. The European Central Bank said some of the proposals it has reviewed are inadequate and risk creating “empty shells”.

• Tuesday, November 21st 2017 - 09:55 UTC

  London looses European Banking Authority to Paris and European Medical Agency to Amsterdam

  

  Paris has won a battle to host the European Banking Authority (EBA), which will relocate from London after the UK leaves the European Union. The French capital's victory follows a win earlier for Amsterdam, which will host the London-based European Medicines Agency (EMA).

• Tuesday, November 21st 2017 - 09:22 UTC

  Goldman Sachs CEO on Brexit: “So much at stake, why not make sure consensus still there?”

  

  The chief executive of Goldman Sachs, Lloyd Blankfein, has suggested holding another referendum on Brexit and tweeted: “Here in UK, lots of hand-wringing from CEOs over #Brexit... So much at stake, why not make sure consensus still there?”

• Tuesday, November 21st 2017 - 07:22 UTC

  Chilean markets didn't like red Sunday: Peso and the IPSA stock market fall strongly

  

  Chilean markets and investors did not like Sunday's election results: the Peso currency and benchmark IPSA stock index fell on Monday after market-friendly presidential candidate Sebastian Piñera garnered less support than expected in the country's election.

• Monday, November 20th 2017 - 19:22 UTC

  Venezuelan street markets trade staples in spoonful portions forced by poverty and scarcity

  

  Poverty and scarcity are so extended in Venezuela that people now sell and buy food by the spoonful in a desperate attempt to overcome a situation that has worsened as the economy has entered into a growing hyperinflationary cycle.

• Monday, November 20th 2017 - 09:27 UTC

  The Work in Fishing Convention, ILO 188, has come into force

  

  A major boost to efforts to improve working conditions for millions of workers in the fishing sector came into force on November 16 with the International Labor Convention 188.

• Monday, November 20th 2017 - 09:02 UTC

  Macri on the right track but economy needs growth and investment

  

  Following on his congressional midterm election win, president Mauricio Macri sealed a fiscal agreement with governors of nearly all Argentine provinces in a sign of his growing clout in upcoming negotiations to close the budget deficit, reform labor legislation and open up the economy. However there are some warnings and indicators to keep watch off, according to an orthodox economist.

• Saturday, November 18th 2017 - 08:20 UTC

  August, best month for UK inbound tourism: visitors spent £2.8 billion

  

  Overseas visitors to the UK spent £2.8 billion in August, up 3% on the same month last year, and the highest ever. It was a record August for inbound visits to the UK, with 3.9 million visits, up 5% on the same month in 2016.