Economy

• Wednesday, June 7th 2023 - 10:00 UTC

  Uruguay meat exports five months year-on-year down 25%

  

  Uruguay’s revenue from meat exports dropped 25% year-on-year, some US$ 350 million less, according to data released this week by the National Meat Institute (INAC). In the first five months of 2023, US$ 1.055 billion worth of bovine meat was exported, clearly below the US$ 1.408 billion obtained in the same period of 2022.

• Tuesday, June 6th 2023 - 10:39 UTC

  World Bank economic prospects for Latin America and the Caribbean: projected growth 1,5% in 2023

  

  In 2022, growth slowed in major Latin American economies due to weaker external demand and monetary tightening. Argentina and Brazil experienced a contraction in the fourth quarter of 2022, while other economies saw softer growth.

• Tuesday, June 6th 2023 - 10:32 UTC

  Falklands: with an inflation index of 6,1%, salaries increase in budget of 3%, trigger long debate

  

  It briefly appeared the Falkland Islands Budget process was going to be delayed this year when MLA Leona Roberts supported by MLA Mark Pollard asked for “elements” of the 2023 Budget to be taken back to Budget Select Committee for further public consultation and engagement.

• Tuesday, June 6th 2023 - 10:25 UTC

  Falklands' 35 students in UK had allowances revised to face cost of living crisis

  

  In the Falkland Islands Legislative Assembly this week MLA Leona Roberts responded to a question from MLA Gavin Short on the subject of whether Falklands students were facing financial difficulties while studying overseas and what steps FIG was taking to mitigate this if it was true.

• Tuesday, June 6th 2023 - 10:09 UTC

  Vehicle production grows in Argentina

  

  Argentina's Association of Automotive Manufacturers (Adefa) announced Monday that output reached 53,282 units in May, (14.8% more than in the same month of 2022), while exports grew by over 13% in the same period.

• Monday, June 5th 2023 - 13:14 UTC

  Three companies accounted for a third of all corporation tax in Ireland

  

  Three companies accounted for a third of all corporation tax collected in the Republic of Ireland between 2017 and 2021, new research suggests. The Irish Fiscal Advisory Council (IFAC) said that amounted to some US$ 6,5billion in 2021 alone and probably increased last year. Corporation tax is the tax that companies pay on their profits.

• Monday, June 5th 2023 - 13:07 UTC

  British government mulls food price cap; retailers skeptical of impact

  

  The British Government's plans to introduce a cap on the price of basic food items will not help tackle the rising cost of living, retailers have warned. The British Retail Consortium (BRC) said the measures would not make a “jot of difference” and could thwart efforts to cut inflation.

• Monday, June 5th 2023 - 12:45 UTC

  Argentina closer to becoming a member of BRICS and their Development Bank

  

  The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Argentina's Economy Minister Sergio Massa currently in China with a numerous delegation in search of money for an almost depleted Central Bank

• Monday, June 5th 2023 - 08:15 UTC

  New British business lobby, British Chamber of Commerce, replacing troubled CBI

  

  British media is reporting that a new business lobby group has been formed, boasting some of the UK's largest companies as its founding partners. The Business Council has been launched by the British Chambers of Commerce (BCC) in a bid to “design and drive the future of the British economy”.

• Saturday, June 3rd 2023 - 13:00 UTC

  Falklands lawmakers discuss food prices and market solvency to encourage competition

  

  A spirited discussion surrounding food prices was prompted by a question from MLA Teslyn Barkman in Legislative Assembly last Wednesday, 31st May. MLA Teslyn Barkman asked MLA Gavin Short about the UK’s government’s decision to investigate food pricing. “Can the Honorable Gavin Short please say whether we here in the Falklands have any mechanisms or agency that could be used to investigate the grocery retail market?”