Economy

• Friday, January 20th 2017 - 11:34 UTC

  Falklands reacts and prepares for implications of Theresa May Brexit speech

  

  The United Kingdom's intention to leave the single market as outlined in Prime Minister Theresa May’s Brexit speech on Tuesday has generated some concerns for the Falkland Islands Government, but a Member of the Legislative Assembly indicated this week they are still confident all will be well for the Islands under post- 2019 arrangements.

• Thursday, January 19th 2017 - 08:00 UTC

  Brazil confident in “recovery curve” coming from a very low level, says Meirelles

  

  Brazil's Finance Minister Henrique Meirelles has admitted that the government is going to revise its official forecast for this year's GDP growth, but gave no details as to the extent of the change. In its latest forecast, the government had estimated the economy was going to grow 1% in 2017.

• Thursday, January 19th 2017 - 07:27 UTC

  World tourists reached 1.2bn last year, speared by Asians; Europe hit by security fears

  

  The number of international tourists rose by four percent worldwide to 1.2 billion in 2016 as Asians traveled more, but security fears hit visitor arrivals in Europe, the World Tourism Organization (WTO) said. This represents the seventh consecutive year of growth since 2009, when global tourism figures declined four percent as the financial crisis and an outbreak of swine flu saw cash-strapped people stay at home.

• Thursday, January 19th 2017 - 07:13 UTC

  Renegotiating NAFTA trade deal with Mexico and Canada, confirmed as Trump administration priority

  

  The incoming Trump administration's top trade priority is to renegotiate the Nafta trade deal with Canada and Mexico, according to commerce secretary nominee Wilbur Ross during a confirmation hearing on his nomination before US senators.

• Thursday, January 19th 2017 - 06:42 UTC

  HSBC and UBS preparing to move abroad when UK leaves the EU

  

  Two of the largest investment banks in the City of London have confirmed that some staff will definitely have to move abroad when the UK leaves the EU. HSBC's chief executive, Stuart Gulliver, told Bloomberg he was preparing to move 1,000 staff from London to Paris. And Axel Weber, boss of Swiss bank UBS, told BBC “about 1,000” of its 5,000 London jobs could be hit by Brexit.

• Thursday, January 19th 2017 - 06:26 UTC

  Lagarde anticipates “pain” as UK prepares departure from the European Union

  

  The head of the International Monetary Fund has warned the UK there is still likely to be “pain” ahead as Theresa May prepares to trigger the UK's departure from the European Union. Christine Lagarde told the BBC the Brexit process would be complicated.

• Wednesday, January 18th 2017 - 11:57 UTC

  Argentina to propose a Schengen space to promote regional tourism

  

  Argentina aspires to become the back bone of an integrated Mercosur with the Pacific Alliance, said the country's Tourism minister Gustavo Santos attending the International Tourism Fair, Fitur, taking place in Spain.

• Wednesday, January 18th 2017 - 04:26 UTC

  Trump barking at the wrong tree: Automation revolution is taking the jobs, not evil foreigners

  

  By Gwynne Dyer
  
  The main message of 2016 was that we are entering a period of economic and political upheaval comparable to the Industrial Revolution of 1780-1850, and nothing expressed that message more clearly than Donald Trump's appointment of Andrew Puzder as Secretary of Labour. Even though it's clear that neither man understands the message.

• Tuesday, January 17th 2017 - 17:32 UTC

  Xi emphatic tells Davos “we say no to protectionism”; migration crisis caused by war and conflict

  

  China's president Xi told the World Economic Forum in Davos on Monday that the “migrant crisis had been caused by war, conflict and regional turbulence,” not globalization. Similarly, the 2007/8 financial crisis was caused by “the excessive pursuit of profits and a lack of economic regulations,” he said.

• Tuesday, January 17th 2017 - 17:08 UTC

  Hard Brexit: UK to leave the single market and Parliament will vote on the final deal, pledges PM May

  

  Prime Minister Theresa May has said the UK “cannot possibly” remain within the European single market, as staying in it would mean “not leaving the EU at all”, but at the same time promised to push for the “greatest possible” access to the single market following Brexit.