Economy

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.
Saturday, November 18th 2017 - 08:11 UTC
Trump tax cuts bill passes the House, but the Senate is another story

House Republicans have passed a controversial overhaul of the US tax code that slashes corporate rates. The vote came after US President Donald Trump made a rare visit to Congress to rally lawmakers around the tax overhaul plan. The Senate is working to build support for its own version of the bill, but one Republican has said he is a 'no'.
Friday, November 17th 2017 - 08:11 UTC
NAFTA gives priority to technical talks to avoid open political clashes

The politicians overseeing the renegotiation of NAFTA won't be meeting face to face at the end of this round of talks, unlike the previous four rounds of discussions.
Friday, November 17th 2017 - 08:03 UTC
Petrobras counts on pre-salt production to compete with a boom in US shale output

Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.
Thursday, November 16th 2017 - 19:09 UTC
Petrobras shares plunge after disappointing third quarter earnings

Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%
Thursday, November 16th 2017 - 19:01 UTC
October inflation in Argentina reaches 1.5% and 19,4% in ten months

Argentina’s consumer prices rose 1.5% in October, government statistics agency Indec said on Tuesday, bringing 10-month inflation to 19.4%. It was the second month in a row that cumulative inflation for 2017 was above the upper band of the central bank’s target range for inflation, between 12% and 17% this year. Private sector economists expect inflation of 23% this year and 16% in 2018.
Thursday, November 16th 2017 - 15:15 UTC
Falklands announces new Legislative Assembly and portfolios assigned

The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 9th November.