Economy

• 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.

• Friday, February 24th 2017 - 15:51 UTC

  Falklands and Brexit, subjects raised by visiting MPs to the Islands

  

  The impact of Brexit on the Falkland Islands and the economy in general were subjects raised with visiting Members of Parliament this week. The delegation of four made a flying visit to the Falkland Islands last weekend accompanied by FI Representative in London Sukey Cameron.

• Thursday, February 23rd 2017 - 10:20 UTC

  Argentina's Macri in state visit to Spain to attract investors

  

  Argentine president Mauricio Macri started an official state visit to Spain on Wednesday and was received with a display of full military honors of the Royal Household at the Royal Palace. Following a meeting with King Felipe, the president left for Congress where he addressed the full house.

• Wednesday, February 22nd 2017 - 14:11 UTC

  In highly unusual move, PM May attends House of Lords Brexit debate

  

  Theresa May has taken the highly unusual step of sitting in the House of Lords to hear peers being told by the UK Government not to “frustrate” Brexit. The Prime Minister sat on the steps in front of the Royal Throne as Lords leader Baroness Evans of Bowes Park told peers to respect the decision of the British people in last year’s referendum and the “primacy” of the elected House of Commons.

• Tuesday, February 21st 2017 - 10:52 UTC

  Argentina in April will lower 35% tariff on computers and laptops imports

  

  Argentina will get rid of a 35% tariff on imports of computers, laptops and tablets, the Production Ministry said on Monday, part of a larger effort to lower consumer prices and roll back protectionist policies.

• Monday, February 20th 2017 - 10:42 UTC

  Tony Blair proposes a cross-party movement to rethink Brexit: “ideologues are driving the bus”

  

  Tony Blair has called on pro-Europeans to form a new cross-party movement to persuade the public they were wrong to vote to leave the EU. In an impassioned speech, the former prime minister said “progressives” should make it their “mission” to reverse the outcome of the referendum last June.

• Friday, February 17th 2017 - 10:46 UTC

  Korea's Hanjin Shipping, world's seventh largest, goes down

  

  Hanjin Shipping used to be one of the world's top 10 shipping companies, but now it faces the final curtain. This Friday is the deadline for the firm to be declared bankrupt by a South Korean court after months of uncertainty. Hanjin's collapse is the largest to hit the shipping sector and it sent shockwaves through the industry.

• Friday, February 17th 2017 - 10:25 UTC

  Mexico looking at Argentina and Brazil as an alternative for US corn

  

  Mexican politicians are saber rattling against the US agriculture sector, and it looks like Argentina is ready to fill the gap. In effect Mexico's agriculture minister said on Thursday he will lead a business delegation to Argentina and Brazil to explore buying yellow corn, part of a drive to lessen Mexico's U.S. dependence given uncertainty over President Donald Trump's trade policies.