Economy

• Saturday, December 2nd 2017 - 09:25 UTC

  Uruguay estimates that 2017/18 could be a turning point after several poor cruise seasons

  

  After several seasons of negative growth, 2017/18 looks to be the turning point, with 165 calls, up 15, and 300.000 visitors in Uruguay, (Montevideo and Punta del Este) anticipated Tourism minister Liliam Kechichian during the symbolic launching of the season in Montevideo.

• Friday, December 1st 2017 - 18:40 UTC

  Europe in a divided vote renews the glyphosate license for another five years

  

  European countries have voted to renew the license of glyphosate, a widely used weed killer at the centre of environmental concerns. The proposal at the EU Commission's Appeal Committee got 18 votes in favor and nine against, with one abstention, ending months of deadlock.

• Friday, December 1st 2017 - 18:38 UTC

  Brazilian crucial pension reform bill needs 308 votes, but is still 46 short

  

  Brazil’s lower house Speaker Rodrigo Maia said on Monday he will try to pass a fiscally crucial pension reform bill this year in the chamber, but he told reporters he would only put the measure to the vote if it has enough support.

• Friday, December 1st 2017 - 07:38 UTC

  Falklands expecting a “pretty good” 2017/2018 cruise season

  

  Despite the cancellation of two planned ship visits in November, Falkland Islands agencies are optimistic about the prospects for the 2017/18 cruise season. Carli Sudder of Sulivan Shipping Ltd told Penguin News she thought the season was looking “pretty good” with some new ships like Silver Muse (capacity 590) and the return of others like Island Sky (capacity 114).

• Friday, December 1st 2017 - 06:42 UTC

  Argentina as G20 chair will combat protectionism, pledges president Macri

  

  President Mauricio Macri hosted the official launching of the Argentine chair of G20, the world’s major forum for global economic, political, and financial cooperation. In his inaugural speech Macri said Argentina is committed ”to build consensus for fair and sustainable development” and will use its role as the first South American country to chair the G20 group of major economies to combat protectionism.

• Thursday, November 30th 2017 - 15:40 UTC

  More pliant rules for the banking and insurance industry in post-Brexit, says Bank of England

  

  Britain’s regulators will convert banking and insurance rules inherited from the European Union after Brexit to make them more tailored to the British market, Bank of England Governor Mark Carney said on Wednesday. Carney said Britain had long expressed opposition to the EU’s cap on banker bonuses, the full application of banking capital rules on smaller lenders and the bloc’s insurance capital rules.

• Thursday, November 30th 2017 - 14:40 UTC

  By 2030 robotic automation will replace 800 million global workers, says report

  

  Up to 800 million global workers will lose their jobs by 2030 and be replaced by robotic automation, a new report from a consultancy has found. The study of 46 countries and 800 occupations by the McKinsey Global Institute found that up to one-fifth of the global work force will be affected.

• Thursday, November 30th 2017 - 09:12 UTC

  JMC communiqué underlines self determination and UK's commitment post Brexit

  

  The two-day British Overseas Territories Joint Ministerial Council meeting in London ended on Wednesday with a communiqué underlining self determination, (plus commitment to counter hostile sovereignty claims), constitutional relationship, disaster recovery, --following the sweeping damages caused by hurricanes--, tax transparency and Brexit.

• Thursday, November 30th 2017 - 08:57 UTC

  Theresa May: Brexit bill “still in negotiations”; rules out paying “huge sums to the EU every year”

  

  British Prime Minister Theresa May insisted on Wednesday there is still no agreement on the UK's Brexit bill despite reports British officials have committed up to £50bn to the EU. British newspapers reported on Tuesday that an agreement had been reached on the divorce bill and mentioned 50bn Euros.

• Thursday, November 30th 2017 - 08:46 UTC

  London prepared to devolve powers to Belfast as part of Brexit deal, reports The Times

  

  Britain is considering devolving certain powers to Northern Ireland to avoid the possibility of a hard border with the Republic of Ireland after Brexit, according to a report from The Times.