Economy

• Friday, November 24th 2017 - 08:02 UTC

  Falklands receives port of Vigo experts to address port potential and development

  

  A delegation of two technicians from the Spanish Port of Vigo are visiting the Falkland Islands with the aim of offering their informed opinions on potential port development. The Falklands has a close business relationships with the port as a result of long term joint business ventures with Spanish fishing companies, and the new Falklands longliner CFL Hunter was built there.

• Thursday, November 23rd 2017 - 08:58 UTC

  Hammond's budget anticipates worsening economic forecast caused by Brexit

  

  Britain's Chancellor of the Exchequer has outlined cautious spending plans to a nation bracing for the shock of leaving the European Union, amid a stream of worsening of economic forecasts that hampered room for giveaways.

• Thursday, November 23rd 2017 - 08:10 UTC

  EU still not satisfied with £40bn Brexit “divorce bill”, suggested by PM May government

  

  Despite UK prime minister Theresa May reportedly doubling her Brexit ‘divorce bill’ offer, European Union (EU) diplomats have already indicated they are still not satisfied and could demand more cash for talks to progress.

• Thursday, November 23rd 2017 - 07:29 UTC

  ASC and MSC release joint seaweed standard; US$ 5.6bn global business

  

  The Marine Stewardship Council (MSC) and the Aquaculture Stewardship Council (ASC) announced the launch of the ASC-MSC Seaweed Standard. The joint standard marks a first for the two certification programmes, bringing together expertise in sustainable fishing and responsible aquaculture.

• 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.