Economy

• Thursday, August 24th 2017 - 07:51 UTC

  St Helena hopeful of a regular air link to South Africa following a successful proving flight

  

  The St Helena government, a British Overseas Territory in mid Atlantic has said that a commercial aircraft completed a successful proving flight to the island. The Airlink’s Embraer E190-100IGW departed St Helena Airport on Tuesday afternoon following the main flight from Johannesburg and several flight trials before returning to South Africa.

• Thursday, August 24th 2017 - 07:16 UTC

  Southampton “invaded” by ten cruise vessels, with some 55.000 travelers

  

  Southampton welcomed a £25 million boost to its economy over the weekend as ten cruise ships arrived in the city's port. Some 55,000 passengers were embarked and disembarked, splashing their cash in the city's hotels, restaurants and bars. Each of the ships, was estimated to bring a £2.5million boost to the city's economy.

• Wednesday, August 23rd 2017 - 09:55 UTC

  Temer prepared to privatize one of Brazil's jewels of the crown

  

  Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50% on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy.

• Wednesday, August 23rd 2017 - 09:32 UTC

  Falklands issues coins in recognition of fisheries conservation policies

  

  The government and treasury of the Falkland Islands have issued new coins which recognize 30 years of work conducted by the Falkland Islands Fisheries Department (FIS) to help maintain fish populations around the Islands. FIS, responsible for the sustainable development of fisheries in the Falklands, was established in 1987.

• Wednesday, August 23rd 2017 - 09:03 UTC

  Scotland and Wales question Westminster's “power grab” and “rejection of the principle of devolution”

  

  The Scottish and Welsh first ministers have agreed to work together on amendments to the Brexit repeal Bill which they said is an “unashamed move to centralize decision-making power in Westminster”.

• Tuesday, August 22nd 2017 - 21:59 UTC

  UK names expert to negotiate free trade deals in the post Brexit world

  

  The man charged with helping to negotiate Britain's free trade deals around the world post-Brexit has said the agreements can help improve global security. Crawford Falconer, who will work with International Trade Secretary Dr Liam Fox, said there was a “powerful political and security element to getting this right”.

• Tuesday, August 22nd 2017 - 17:56 UTC

  UK sets out post Brexit papers; EU insists citizens rights, financial settlement and Ireland come first

  

  The UK government has set out proposals to ensure trade in goods and services can continue on the day the UK leaves the EU in March 2019. A position paper calls for goods already on the market to be allowed to remain on sale in the UK and EU without additional restrictions. It also calls for consumer protections to remain in place.

• Tuesday, August 22nd 2017 - 07:04 UTC

  Brexit: A paper on the role of the European Court of Justice expected this week

  

  In the latest in a series of papers setting out its Brexit negotiating plans, the government will say disputes need to be resolved “in a clear and sensible way”, saying it is determined to agree new arrangements. This will be crucial for both UK and EU citizens and businesses that buy and sell across borders, it says.

• Tuesday, August 22nd 2017 - 06:23 UTC

  Chinese automaker “deeply interested” in buying Jeep from Fiat Chrysler

  

  A Chinese automaker is “deeply interested” in buying Jeep, an iconic American brand, from Fiat Chrysler Automobiles in a move that likely would face political opposition in the U.S. and create angst among workers. Great Wall Motor told trade publication Automotive News it also has “indirectly expressed interest” in acquiring the brand known for its rugged, off-road vehicles.

• Monday, August 21st 2017 - 10:42 UTC

  Warnings about Northern Ireland peace funding and Brexit negotiations

  

  Lord Peter Hain has called on the government to “soften” its approach to ”taking the UK out of the jurisdiction of the European Court of Justice (ECJ).” The former secretary of state claimed that such a move could result in Northern Ireland losing millions of pounds of peace funding. The ECJ oversees reconciliation grants to North Ireland in the region of £240 million.