Economy

• Thursday, May 4th 2017 - 05:54 UTC

  Fed says recent slowdown of US economy growth is temporary; leaves benchmark rate unchanged

  

  The Federal Reserve announced on Wednesday that it held its benchmark interest rate after a two-day policy meeting, as had widely been expected. And it added that the recent showdown in US growth is likely temporary.

• Thursday, May 4th 2017 - 05:44 UTC

  Petrobras reveals Libra field achieves a breakeven price of US$ 35/bbl

  

  Brazil's oil and gas company Petrobras shared innovations and efficiency gains related to the Libra field at the Offshore Technology Conference (OTC) in Houston. Petrobras revealed collaboration between Libra area partners has produced a US$13/bbl reduction to the project's breakeven price.

• Thursday, May 4th 2017 - 05:10 UTC

  St Helena celebrates: charter plane lands with 60 passengers; RMS scheduled to depart Friday

  

  British Overseas Territory of St Helena, an island in the middle of the south Atlantic, celebrated on Wednesday 3 May 2017, when a charter plane carrying 60 passengers landed at St Helena Airport at 1.55pm, helping to reestablish links with South Africa. Another good piece of news was that RMS St Helena, the regular connection with St Helena is scheduled to depart Cape Town on Friday.

• Wednesday, May 3rd 2017 - 08:32 UTC

  American trust becomes largest single shareholder of FIH

  

  Conservative Party donor David Rowland has thrown in the towel in the Falkland Islands after losing a battle to take control of its key industries. The Rowland´s family investment vehicle, Staunton Holdings Limited has got rid of all its shares in the Falkland Islands Holdings (FIH) after shareholders rejected a takeover, reports the London financial media.

• Wednesday, May 3rd 2017 - 07:15 UTC

  Argentina promotes sales to China through e-commerce Alibaba

  

  Argentine president Mauricio Macri and Alibaba Executive Chairman Jack Ma signed a Memorandum of Understanding (MOU) on Tuesday in Buenos Aires as a way to open up new trade opportunities and to support merchants that are marketing products on Alibaba's e-commerce platforms.

• Tuesday, May 2nd 2017 - 07:24 UTC

  US Congress agrees on spending bill, with no funds for the Mexico border wall

  

  Congressional negotiators have reached an agreement on a spending bill to keep the Unites States government running until 30 September, media report. The bipartisan deal boosts military spending but does not include funding for President Donald Trump's proposed wall on the Mexico border, they say.

• Sunday, April 30th 2017 - 22:36 UTC

  St Helena airport granted an “open ended” Aerodrome Certificate

  

  British Overseas Territory St Helena Airport was granted an ‘open ended’ Aerodrome Certificate on Monday, on 3 April 2017, following the visit by experts from the Air Safety Support International.

• Sunday, April 30th 2017 - 09:36 UTC

  Labour says Theresa May has to “wake up” and avoid a chaotic Brexit.

  

  Theresa May has been told to “wake up” and realize that Britain is moving towards a “chaotic Brexit” after European Union leaders agreed there can be no parallel exit and trade talks. At a crunch European Council summit in Brussels, leaders of the other 27 EU countries agreed their negotiating guidelines and insisted talks must take a “phased” approach.

• Saturday, April 29th 2017 - 15:11 UTC

  Bad news for Trump: US economy growth slows strongly in first quarter, 0.7%

  

  The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014, which is unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%.

• Friday, April 28th 2017 - 17:28 UTC

  General strike in Brazil to protest changes to labor laws and pensions system

  

  Public transport largely came to a halt across much of Brazil on Friday as protesters blocked roads and scuffled with police in a general strike to protest proposed changes to labor laws and the pension system. It is the first general strike in over two decades.