Economy

• Thursday, October 13th 2016 - 14:47 UTC

  Wells Fargo bank accounts' scandal leads to a major reshuffle

  

  Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank's reputation and put Wall Street under renewed scrutiny. San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56.

• Thursday, October 13th 2016 - 10:13 UTC

  Petrobras no longer an arm of government to control inflation, pledges CEO

  

  Petrobras is reading to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. For years fuel prices were manipulated as part of the government's policy to keep inflation under control.

• Thursday, October 13th 2016 - 09:41 UTC

  Gibraltar attends SNP conference in Glasgow: shares Brexit concerns

  

  Gibraltar's Deputy Chief Minister Dr Joseph Garcia is in Scotland to attend the conference of the Scottish National Party (SNP). The event opened in Glasgow on Wednesday and this is the first time that Gibraltar will have an exhibition stand. It is also the first time that the Gibraltar Government will host an official reception.

• Thursday, October 13th 2016 - 09:28 UTC

  St Helena airport scheduled to receive 80 pax Avro RJ100 to be delivered in Chile

  

  Planning is underway for an Avro RJ100 jet aircraft, operated by Tronos Jet Maintenance and flown by Atlantic Star Airlines, with final destination Chile, to fly to Ascension Island, followed by a call at St Helena Airport on the same day. Both are technical stops, and the crew will overnight on St Helena.

• Thursday, October 13th 2016 - 07:59 UTC

  Falklands' new Chief Executive has 30 years experience in England's public sector

  

  Falkland Islands Government has announced the arrival of the new Chief Executive for the Falkland Islands, Mr. Barry Rowland. He comes to the Islands from the North of England and brings over 30 years’ experience in the public sector, with 15 years of those being in a number of corporate roles with senior leadership responsibilities.

• Wednesday, October 12th 2016 - 11:31 UTC

  UK fishermen cheer Brexit: they could recover £ 400 million of fish and shellfish caught by EU vessels

  

  Scottish fishermen have welcomed the publication of a report revealing the full extent of catches by foreign vessels in UK waters. Published by NAFC Marine Centre UHI in Shetland, and based on the European Commission’s most recent data, Dr Ian Napier’s report explains that more than half of the fish caught in British waters between 2012 and 2014 were taken by foreign fishing boats.

• Wednesday, October 12th 2016 - 11:17 UTC

  Ireland support measures for the economy preparing for the impact of Brexit

  

  The Irish government said on Tuesday it has introduced a number of specific measures to help firms that might be affected by the uncertainty caused by Britain's vote to leave the European Union (EU). The measures include an extension of the Special Assignee Relief Program, which gives designated individuals income tax relief for work done in the country until the end of 2020.

• Wednesday, October 12th 2016 - 11:00 UTC

  UN mission in Haiti to be extended six months in aftermath of hurricane Matthew

  

  With Haiti facing the dual challenges of addressing the impact of Hurricane Matthew and restarting preparations for the holding of the much-anticipated elections, the United Nations envoy for the Caribbean country on Tuesday expressed support for the recommended extension of the UN mission there by six months until mid-April 2017.

• Wednesday, October 12th 2016 - 10:49 UTC

  UK official praises Mercosur new trade and integration focus

  

  Mercosur has “lost focus” because of years of political and ideological discussions instead of concentrating in trade integration, commented Nigel Baker, deputy head of the Foreign Office South America's department during a two day visit to Paraguay. The ex ambassador in the Vatican also anticipated that Brexit, UK leaving the European Union will help strengthen overall relations with Paraguay, one of Mercosur four founding members.

• Tuesday, October 11th 2016 - 08:58 UTC

  Small states self determination symposium in Gibraltar; Falklands represented by MLA Ian Hansen

  

  A two-day symposium on small states and the right to self-determination will open at the Garrison Library in Gibraltar this Thursday. Currently in its fourth edition these symposiums focus on issues that impact on Gibraltar and other like territories within a European and global framework. The Falkland Islands is represented by lawmaker MLA Ian Hansen