Economy

• Thursday, September 7th 2017 - 08:34 UTC

  Clyde shipbuilding unions furious with MoD over building of new frigates

  

  Shipbuilding unions have accused the UK Minister of Defense of reneging on a promise to build five new navy frigates on the Clyde. It came as Defense Secretary Sir Michael Fallon announced that five Type 31e frigates could be built and assembled across several UK shipyards.

• Thursday, September 7th 2017 - 08:23 UTC

  Battle of Brexit Repeal Bill begins; Labour objects since it “grabs power from Parliament”

  

  Britain's Labour will vote against the Brexit Repeal Bill because it will allow ministers to “grab power from Parliament” to slash rights at work and cut protection for consumers and the environment. The party’s statement came as Brexit Secretary David Davis was preparing to deliver a House of Commons statement on a summer of negotiations which the European Union claims has failed to deliver “decisive” progress.

• Thursday, September 7th 2017 - 07:37 UTC

  Expo-Prado agro-industrial show opens in Montevideo

  

  Uruguay's main agricultural, industrial and commercial show, Expo/Prado 2017 opened in Montevideo on Wednesday. The annual event, which this year is international, (it rotates with Argentina's Palermo show) is an opportunity for city people to admire the best cattle, sheep, horses and hogs of the region, and for the farmers a chance to see how much technology has advanced in the last twelve months.

• Wednesday, September 6th 2017 - 07:57 UTC

  Archbishop of Canterbury says UK economic model is failing with a growing gap between rich and poor

  

  Archbishop of Canterbury, Justin Welby, says Britain's economic model is broken, as the gap between the richest and poorest parts of the UK widens. Britain stands at a watershed and must make “fundamental choices” about the direction of the economy, he said.

• Monday, September 4th 2017 - 16:36 UTC

  EU Brexit negotiator: “educating” UK about the price it would pay for leaving the “EU club”

  

  The EU's Brexit negotiator has said he sees the process as an opportunity to “teach the British people and others what leaving the EU means”. Michel Barnier said he would never resort to blackmail but saw it as his job to “educate” the UK about the price it would pay for leaving the EU “club”.

• Monday, September 4th 2017 - 10:40 UTC

  US employment growth decreasing, but still strong; waiting for Harvey's aftermath

  

  The US economy added 156,000 jobs in August, less than the previous month and below expectations. Analysts had expected US non-farm payrolls to rise by between 175,000 and 185,000 last month. Data released by the US Department of Labor also showed that employment growth in June and July was lower than originally estimated.

• Sunday, September 3rd 2017 - 01:49 UTC

  “No progress” on Brexit UK/EU Brussels talks: both sides hold on to their positions

  

  A row over the Brexit divorce bill has dominated the latest round of talks between the UK and the European Union, with both sides in the Brussels negotiations voicing their frustrations. Brexit Secretary David Davis said there had been a “tough” discussion over the fee Brussels wants the UK to pay to settle its obligations after British officials challenged the legal basis of the demand.

• Sunday, September 3rd 2017 - 01:35 UTC

  Argentine economy picking up spurred by manufacturing and construction

  

  Argentina's economic activity expanded 4.0% in June compared with the same period the prior year, government statistics agency Indec said on Thursday, the latest sign of economic recovery ahead of legislative elections in October.

• Saturday, September 2nd 2017 - 12:08 UTC

  St Helena/South Africa commercial weekly flights begin this month

  

  The British Overseas Territory, BOT, St Helena Government and Airlink have announced that the sale of tickets for flights to St Helena Island will commence early in September 2017.Airlink will operate a weekly service between St Helena and Johannesburg and St Helena and Cape Town (via the stopover at Windhoek International Airport in Namibia).

• Saturday, September 2nd 2017 - 10:36 UTC

  Falklands' Government Investment funds reached £344 million in June 2017

  

  The market value of all Falkland Islands Government, FIG, investment funds have increased from £285 million in June 2015, to £309 million in June 2016 and to £344 million in June 2017.