Economy

• Saturday, October 7th 2017 - 19:35 UTC

  Argentina hosts UNWTO Global Conference on Wine Tourism in Mendoza

  

  To highlight the relevance of wine and gastronomy as key components of tourism development, the 22nd UNWTO Global Conference on Wine Tourism was held in Mendoza, Argentina on 29-30 September. The Conference was co-organized by UNWTO and the Ministry of Tourism of Argentina, in collaboration with the Region of Mendoza and the Chamber of Tourism of Argentina.

• Saturday, October 7th 2017 - 19:28 UTC

  North Ireland controversy over plans for an all Ireland agri-food trade, after Brexit

  

  North Ireland's Democratic Unionist Party, DUP, has dismissed a suggestion that agri-food trade could be regulated on an all-Ireland basis after Brexit. Agri-food is a particular challenge to the “no hard border” policy because of strict EU rules on food imports.

• Saturday, October 7th 2017 - 09:10 UTC

  UK and Brazil sign MoU to enhance cooperation and promote direct investment

  

  Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, announced on Friday it has signed a Memorandum of Understanding (MoU) with the UK’s Department for International Trade (DIT) that aims to enhance cooperation to promote foreign direct investment between Brazil and the UK.

• Saturday, October 7th 2017 - 08:48 UTC

  Standard Chartered US$ 1.4bn Guernsey/Singapore transfer under investigation

  

  A US$1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with other countries.

• Saturday, October 7th 2017 - 08:15 UTC

  Madrid decree makes it easier for companies to move location out of Catalonia

  

  Spain’s government has approved a decree that would make it easier for companies in Catalonia to move the location of their official registration out of the region. The move will allow the relocation of Caixabank, Spain’s third largest bank by assets, before next week, when separatist authorities in Catalonia want to declare independence.

• Saturday, October 7th 2017 - 06:47 UTC

  China's National Golden Week holiday becoming a jackpot for London

  

  A week-long national holiday in China is providing a much-needed boost for the entertainment and retail industry in London, with Chinese tourists taking advantage of the dip in exchange rates. China's National Day Golden Week holiday is arguably one of the biggest events in the consumer calendar.

• Friday, October 6th 2017 - 20:21 UTC

  Falklands shares concerns on high seas catches as a challenge to stock assessment

  

  Fishing on the high seas (*) can present a serious problem for fisheries management, but the Falkland Islands Senior Fisheries Scientist Alexander (Sasha) Arkhipkin has been making a heavy contribution to international collaborations to attempt to deal with some of that impact.

• Friday, October 6th 2017 - 08:13 UTC

  German Industries tells members to prepare “for a very hard Brexit”

  

  German companies with a presence in the UK should be planning for a “very hard Brexit”, Germany's biggest industry body has warned. German industry looked “with concern” at the progress of the Brexit talks, said the boss of the Federation of German Industries (BDI), Joachim Lang. Britain “is lacking a clear concept despite talking a lot,” he added.

• Friday, October 6th 2017 - 07:57 UTC

  Top Spanish bank moving out of Catalonia because of independence scare

  

  Sabadell, the Barcelona-based bank, said it will move its legal base out of Catalonia following threats by the region's leaders to declare independence. Spain's fifth-biggest bank said it would start the process on Friday to move its legal domicile to Alicante. Its headquarters and employees will remain in Barcelona.

• Friday, October 6th 2017 - 07:46 UTC

  Sterling down on uncertainty about Theresa May's future as prime minister

  

  Uncertainty over Theresa May's future as prime minister helped send sterling down nearly 1% against the dollar on Thursday. The pound fell 0.9% against the greenback at $1.3127 and declined 0.45% against the euro to €1.1217. The fall reflected concern about the Conservative Party leadership following Mrs. May speech on Wednesday.