Economy

• Monday, October 24th 2016 - 11:51 UTC

  Spaniards flock to Gibraltar for shopping taking advantage of the weak pound

  

  The fall in the pound has boosted trade in Gibraltar as neighbouring Spaniards flock to the Rock territory where their Euros buy them more, Chief Minister Fabian Picardo has said. Gibraltar’s stores and supermarkets are filled with Spanish people picking up their weekly shop.

• Monday, October 24th 2016 - 11:20 UTC

  Airbnb sues New York State for imposing costly fines on online rentals

  

  After New York Gov. Andrew Cuomo signed legislation on Friday imposing costly fines onto people who advertise illegal rentals online, the housing site Airbnb sued, contending that the law violates freedom of speech and is unconstitutional.

• Monday, October 24th 2016 - 08:36 UTC

  Large banks preparing to relocate out of UK over Brexit fears warns BBA

  

  Large banks are getting ready to relocate out of the UK early next year over fears around Brexit, the British Bankers' Association (BBA) has warned. Writing in The Observer its boss Anthony Browne also says smaller banks could move operations overseas by 2017.

• Sunday, October 23rd 2016 - 06:31 UTC

  Hackers' coordinated 'attacks' leave major websites inaccessible in the US

  

  Major websites were inaccessible to people across wide swaths of the United States on Friday after a company that manages crucial parts of the internet’s infrastructure said it was under attack. Users reported sporadic problems reaching several websites, including Twitter, Netfix, Spotify, Airbnb, Reddit, Etsy, SoundCloud and The New York Times.

• Saturday, October 22nd 2016 - 10:31 UTC

  Uruguay expects a no-growth cruise season; Buenos Aires port rates discourage companies

  

  Uruguay is expecting some 150 cruise calls this coming season 2016/17 which begins next month and represents some 300.000 visitors, according to Tourism minister Liliam Kechichian who nevertheless admitted that growth prospects are somehow behind schedule because of the high costs of reaching and operating in the port of Buenos Aires.

• Saturday, October 22nd 2016 - 10:20 UTC

  Sir Richard Branson's Virgin Voyages will be operating from Miami by 2020

  

  Sir Richard Branson’s new Caribbean cruise line is moving forward, and it’s got a new name. At a press conference in Miami on Tuesday, the new cruise line announced that it will now operate under the name Virgin Voyages.

• Friday, October 21st 2016 - 18:17 UTC

  Brazilian prosecution after another can of worms, the national development bank, BNDES

  

  Brazil’s national development bank has frozen $13.5bn of funds for 47 overseas projects, including those in Angola, Mozambique, Cuba and the Dominican Republic, as yet more corruption charges are brought against politicians and executives arising from the Lava Jato corruption probe.

• Friday, October 21st 2016 - 18:00 UTC

  Falklands aims to double the number of nights spent by land-bases tourists by 2023

  

  Falkland Islands Tourist Board Interim CEO, Steph Middleton gave a short presentation on the growth of visitor numbers in recent years at this week’s public meeting. She said there were 1,461 land-based tourists last year, spending about £2m or £120 per person per night - the best year since 2007-8.

• Friday, October 21st 2016 - 14:20 UTC

  Falklands in short supply of fresh produce, because of changes in Chilean Customs procedures

  

  Falkland Islanders has been warned that fresh produce may be in short supply for some time to come due to changes in the Chilean Customs' procedures. Stanley Growers owner Tim Miller said that a large order for fruit and vegetables was not shipped from Santiago last week, as Customs officials at Punta Arenas insisted for the first time that LATAM airline provide them, in advance, with exact weight and contents of the cargo.

• Friday, October 21st 2016 - 08:25 UTC

  UK is still a full member of the EU and will attend all meetings, PM May tells Europe

  

  Prime Minister Theresa May told EU leaders that Britain would not just rubber-stamp agreements made between the other member states when they meet as 27. In her first European Council, she said that as long as the UK was a full member of the EU, it wanted a seat at the table for discussions over the bloc’s future.