Economy

• Saturday, May 6th 2017 - 08:35 UTC

  Brexit talks would be easier if EC officials “kept their views to themselves”

  

  Brexit talks would be easier if European Commission officials “kept their views to themselves”, Sir Michael Fallon has said amid claims that the EU is seeking to bully British voters. Defence Secretary bemoaned “one-sided leaking” from commission officials as he defended Prime Minister Theresa May’s scathing attack on Brussels in the wake of negative press stories about the negotiations on Britain’s exit from the EU.

• Saturday, May 6th 2017 - 07:50 UTC

  Mercosur resumes trade talks with Australia and New Zealand

  

  Mercosur and CER (Closer Economic Relations), with includes Australia and New Zealand, resumed trade talks this week in Buenos Aires, with Argentina currently holding the South American block presidency chairing the meeting.

• Friday, May 5th 2017 - 10:32 UTC

  Goldman Sachs warns Brexit could stall London's dominant financial position

  

  The chief executive of Goldman Sachs has warned that Brexit could see international banks reducing their footprint in Britain, and signaled the US firm has contingency plans in place to move staff out of the UK and into the EU.

• Friday, May 5th 2017 - 08:30 UTC

  Falklands oil exploration: Maersk denies in Argentine court any involvement since 2011

  

  Danish shipping company Maersk has denied involvement in any offshore exploration/exploitation activities in the Falkland Islands, since specific legislation was passed by the Argentine congress. The Argentine Chamber of Tugs accused the Danish company of violating legislation referred to oil industry operations in the disputed South Atlantic Islands.

• Friday, May 5th 2017 - 07:47 UTC

  Falklands discusses Brexit impact on environmental funding with UKOTs

  

  The consequences of the UK leaving the European Union on environmental funding of UK Overseas Territories (UKOTs) which includes the Falklands, was the subject of a meeting in Aldernay between representatives of 11 territories last week.

• Friday, May 5th 2017 - 06:57 UTC

  Falklands' cruise season totaled 55.633; expedition ships market expands 17.2%

  

  The Falkland Islands cruise season came to a close last month with 55,633 passenger arrivals visiting the Islands, only slightly fewer than the 56,476 who visited the previous season, reports this week's edition of Penguin News.

• Thursday, May 4th 2017 - 06:48 UTC

  WhatsApp suffers several hours global outage

  

  WhatsApp, the popular messaging service owned by Facebook Inc, suffered a widespread global outage on Wednesday that lasted for several hours before being resolved, the company said.

• Thursday, May 4th 2017 - 06:36 UTC

  Two weeks of ”Think Brazil” in UK, a showcase of business possibilities between the two countries

  

  May is set to be the Brazil month in the United Kingdom. During two weeks (10-19), the Brazilian Government, through its Ministry of Foreign Affairs and its Embassy in London, and the British Government, through its network in Brazil of Consulates and the Embassy, will bring to London and other UK cities a program full of cultural activities, business meetings and institutional encounters.

• Thursday, May 4th 2017 - 06:29 UTC

  Uruguay advances with investors in a project to build a third pulp mill

  

  “Good progress has been made in the discussions between the Government of Uruguay and UPM concerning the infrastructure development and other local prerequisites for long-term industrial growth in Uruguay. We are now in agreement regarding the majority of the key items on the negotiation agenda,” says Jaakko Sarantola, Senior Vice President, UPM, Uruguay Platform.

• Thursday, May 4th 2017 - 06:23 UTC

  Argentina contracts 2D seismic survey in deep waters covering 435,000 sq km

  

  Norway's Spectrum has started a 35,000 km multi-client 2D seismic survey covering 435,000 km2 in the deep waters of Argentina in cooperation with YPF. The survey will provide industry with the first ever detailed seismic grid over this under-explored frontier area of Argentina, allowing for basin-wide studies of the area as well as prospect/lead level interpretation studies for upcoming license rounds.