Economy

• Monday, September 11th 2017 - 13:45 UTC

  A progressive Brexit transition can be built – on both sides of the Channel

  

  By Yanis Varoufakis (*) - Insurgencies often end up betraying the ideals that motivated them. Brexit seems no different. In no time, it has shed its intellectually most powerful motive: the full restoration of sovereignty to the House of Commons.

• Monday, September 11th 2017 - 06:22 UTC

  Chile creates a marine protected area around Easter Island

  

  Chilean President Michelle Bachelet officially created a 740,000-square kilometer marine reserve around remote Easter Island, a move that will protect dozens of species found nowhere else. The move follows five years of efforts by environmental organizations and the Rapa Nui people of Easter Island, famous for its extreme isolation and mysterious stone statues known as Moai.

• Sunday, September 10th 2017 - 12:53 UTC

  Update regarding Irma’s impact over the Caribbean Islands.

  

  Assessments are still coming in from the impact of Hurricane Irma on a number of Caribbean countries in the northern Leeward Islands and the northern Caribbean with warnings and watches still in place for a few countries in Irma’s path. Additionally, due to the projected path of Hurricane Jose, a category 4 storm, tropical storm and hurricane watches and warnings have been issued for some countries in the northern Leeward Islands.

• Sunday, September 10th 2017 - 08:25 UTC

  Hurricane Irma forces the evacuation of 6.4 million people in Florida

  

  Hurricane Irma’s leading edge swirled toward Florida state with 195 km/h winds Saturday on a projected new track that could expose Tampa — not Miami — to a direct hit. Tampa has not taken a head-on blow from a major hurricane in nearly a century.

• Saturday, September 9th 2017 - 23:53 UTC

  UK manufacturers warn of recruitment crunch if unable to hire EU workers after Brexit

  

  United Kingdom manufacturers have warned of a recruitment crunch if they are unable to keep hiring EU workers after Brexit. The manufacturers body, EEF, says the government must clarify the rights of EU workers “as a matter of urgency” underlining that a quarter of 243 firms it surveyed had already seen an increase in EU nationals leaving their business.

• Saturday, September 9th 2017 - 19:54 UTC

  Brazil's central bank slashes rate one full percentage point to 8.25%

  

  Brazil's central bank slashed its key interest rate this week by a full percentage point to 8.25%, the eighth consecutive cut as the country slowly exits a painful recession. The one percentage point fall in the base Selic rate had been predicted by markets and matched a previous cut in July.

• Friday, September 8th 2017 - 20:07 UTC

  Agriculture has become the most productive sector of the Brazilian economy

  

  With a robust Harvest Plan coupled with support and development tools organized by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017. Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion (some US$ 10bn) to the country's GDP.

• Friday, September 8th 2017 - 09:47 UTC

  UK declares state of emergency in several Caribbean Overseas Territories hit by hurricane Irma

  

  A state of emergency has been declared in a British Overseas Territory hit by Hurricane Irma. British Virgin Islands governor Gus Jaspert said there were reports of casualties and fatalities, and help had been requested from the UK. He said radio and other communication channels were extremely limited.

• Friday, September 8th 2017 - 09:28 UTC

  Falklands' Sea Lion funding, Rockhopper's primary focus until end of 2018

  

  Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falkland Islands by the end of 2018.

• Friday, September 8th 2017 - 08:49 UTC

  Hyperinflation hits Venezuela in August; US dollar exchange at 20.000 Bolivar

  

  Venezuela's monthly inflation rate jumped to 33.8% in August, with food price rises reaching hyperinflationary levels above 50%, the opposition-controlled National Assembly said on Thursday.