Economy

• Thursday, March 2nd 2017 - 07:59 UTC

  Falklands' Loligo season opens; Vigo market squid prices are “strong”

  

  The Loligo squid season took off this weekend in the Falkland Islands and the Galician partners of local companies are hopeful that they can repeat catches of the last season when some 46.000 tons were landed. “The experimental sampling previous to the official launching points to stability”, according to Javier Touza president of ARVI, the Vigo cooperative of vessel owners.

• Thursday, March 2nd 2017 - 06:32 UTC

  PM May Brexit bill defeated in Lords, but implementation of Article 50 stands, says government

  

  Britain's House of Lords dealt a defeat to Theresa May's government on Wednesday, voting for a change to her Brexit plan that says she can only trigger divorce talks if she promises to protect EU citizens' rights.

• Wednesday, March 1st 2017 - 21:11 UTC

  Aquazul: a giant squid sausage with more protein and less fat rich in Omega-3

  

  A new unique food product was created by scientists at the Center for Research in Food and Development (CIAD) of Mexico: a protein-rich squid sausage and omega 3, which has up to 70% less fat, in addition to natural dyes and preservatives.

• Wednesday, March 1st 2017 - 16:56 UTC

  Resource-rich Australia has reached a 25-year streak without recession

  

  Australia's economy has jumped sharply in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth.

• Wednesday, March 1st 2017 - 16:34 UTC

  UK government could face defeat on the Brexit bill in the House of Lords

  

  The government of Prime Minister Theresa May is facing a first defeat for its Brexit bill in the House of Lords later. Peers are expected to agree to amend the draft legislation to protect the rights of EU citizens living in the UK.Home Secretary Amber Rudd had sought to reassure members that EU nationals' status would be a priority once Brexit talks begin.

• Tuesday, February 28th 2017 - 18:18 UTC

  Brazil manufacturers set up “maquila” assembly plants in neighboring Paraguay

  

  When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank US$ 2 million into a new factory not in its native Brazil - the region's largest economy - but in its tiny southern neighbor Paraguay. The plant, which opened this month in the border town of Hernandarias, stands near a 4,500-hectare industrial park filled with Brazilian companies making everything from auto parts to clothing.

• Sunday, February 26th 2017 - 11:29 UTC

  Argentine economy finally seems to have began a rebound

  

  Argentina's economic activity rose 1.6% in December compared with the previous month, government data showed, a sign the economy likely expanded in the fourth quarter after a long recession. The economy fell 0.1% in December year over year and closed 2016 down 2.3% compared with 2015.

• Saturday, February 25th 2017 - 10:32 UTC

  EC president Juncker remembers UK's Brexit includes a “very salty” exit bill

  

  A future relationship between Britain and the European Union will take years to negotiate and the UK can expect a hefty bill as the price of exit, European Commission president Jean-Claude Juncker has warned. Mr. Juncker said Britain must understand that it will not be able to negotiate a “cut-price or zero-cost” exit from the EU, but will have to settle the bill for commitments which it entered into as a member.

• Saturday, February 25th 2017 - 07:16 UTC

  Argentina's squid and Patagonian grenadier research cruise in the South Atlantic

  

  Argentina's “Dr. Eduardo L. Holmberg” research vessel left for a second cruise of tooth fish, pollock, Patagonian grenadier and squid assessment. The cruise is expected to last thirty days and will be operating between 45o and 54o30' South and catching samples at depth ranging from 50 to 400 meters.

• Friday, February 24th 2017 - 18:55 UTC

  Brazil central bank cuts interest rate hoping to overcome recession

  

  Brazil cut its key interest rate further on Wednesday to try to prop Latin America's biggest economy out of its worst recession in a century. The country's central bank cut the benchmark rate by 0.75 percentage points to 12.25%, still one of the worlds highest.