Economy

• Saturday, July 15th 2017 - 07:57 UTC

  Big banks moving out of London to Dublin, Frankfort, Paris

  

  Barclays is in talks with Irish regulators about expanding its presence in Dublin in the run up to Brexit. It is the latest financial company to indicate how it is repositioning to cope with the UK's exit from the EU.

• Friday, July 14th 2017 - 07:54 UTC

  Weak pound helps to boost tourists visiting UK by 21.1%, in first quarter

  

  The weakness of sterling was behind a surge in the number of tourists visiting the UK in the first three months of 2017, according to the Office for National Statistics (ONS). The number of holidaymakers coming to the UK rose by 21.1%, although the number of business visitors declined.

• Friday, July 14th 2017 - 05:55 UTC

  Falklands' post-Brexit concerns on tariffs and politics, outlined to House of Lords

  

  Concerns about tariffs on Falklands exports post Brexit, and political consequences were outlined by a Falklands' representative giving evidence to a House of Lords committee (the European Union Select Committee) last Tuesday.

• Thursday, July 13th 2017 - 18:30 UTC

  Global food commodity prices rose in June, led by wheat and meat prices.

  

  The FAO monthly Food Price Index averaged 175.2 points in June, up 1.4% from May and 7.0% from a year earlier. The FAO Cereal Price Index rose by 4.2% in the month, amid surging prices of high-protein wheat due to deteriorating crop conditions in the United States of America. Maize prices, by contrast, declined amid record harvests in South America.

• Thursday, July 13th 2017 - 09:26 UTC

  British companies will visit Uruguay in a trade mission in September

  

  The UK embassy in Montevideo is organizing a business visit to introduce Uruguay as an export market to British companies. The mission is primarily focused on agro-tech, taking advantage of Uruguay's main agriculture show in Montevideo during the month of September.

• Thursday, July 13th 2017 - 09:05 UTC

  UK embassy in Uruguay readying for Expo-Prado 2017; Falklands will also attend

  

  Following the previous edition’s success, the British Embassy in Uruguay will be present for the fourth consecutive year at the agricultural show, Expo Prado, from 6 - 17 September, with a Pavilion centered on business, education, culture, gastronomy and entertainment, including a Falkland Islands stand.

• Wednesday, July 12th 2017 - 21:26 UTC

  Brexit divorce bill: “I’m not hearing any whistling, just the clock ticking” says EU chief negotiator

  

  European Union’s chief Brexit negotiator has slapped down Boris Johnson over his claim that Brussels could “go whistle” if it expected large sums from Britain as part of the withdrawal agreement.

• Wednesday, July 12th 2017 - 20:12 UTC

  Premier and partners make world class oil discovery in Mexico. Shares soar more than 30%

  

  Premier Oil (with strong interests in Falklands' oil industry), together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced on Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.

• Wednesday, July 12th 2017 - 05:32 UTC

  EU can “go whistle”, says Boris Johnson of Brexit divorce bill

  

  Foreign Secretary Boris Johnson has told MPs the European Union can “go whistle” for any “extortionate” final payment from the UK on Brexit. He added the government had “no plan” for what to do in the event of no deal being agreed with the EU.

• Wednesday, July 12th 2017 - 04:21 UTC

  Oil and gas production in Argentina has fallen to its lowest in 25 years

  

  Oil and gas production in Argentina has fallen to 1981 levels, the lowest in 25 years, despite a $14 million government subsidy for the first five months of this year. From last year to May 2017, the country has produced 2,311,736 m3 of oil and just under 3.8 billion m3 of gas, which shows a drop of 6% and 1.8% respectively.