Economy

• Monday, September 5th 2016 - 16:42 UTC

  Falkland Islands produced 1.700 tons of wool, says 2015/16 Farming Statistics

  

  Falkland Islands farmers produced 1.7 million kilos of wool last year and also provided 44,000 sheep to the abattoir, according to the 2015/16 Farming Statistics recently compiled by the Department of Agriculture. This work was carried out by just 281 people recorded as living on the farms; 151 on the East, 105 on the West and just 25 scattered around the 11 farms on outer islands.

• Monday, September 5th 2016 - 11:50 UTC

  Senior advisors propose a post-Brexit Britain “continental partnership” with EU

  

  A senior German lawmaker, an adviser to the French prime minister and a former deputy head of the Bank of England have proposed that a post-Brexit Britain form a new “continental partnership” with the EU.

• Monday, September 5th 2016 - 08:58 UTC

  US economy adds more jobs in August, but not as many as expected

  

  The expanding US economy added another 151,000 jobs in August, according to the US Labor Department, while the unemployment rate stayed at 4.9%. The number of extra jobs was sharply down from an upwardly revised July figure of 275,000. It was also a smaller rise than the average monthly increase of 204,000 seen during the previous 12 months.

• Monday, September 5th 2016 - 06:55 UTC

  Obama praises Macri and his policies before the world's main leaders

  

  President Mauricio Macri got another big nod of support as US President Barack Obama highlighted him as one of the few national leaders setting an example for the world by going against a wave of protectionism gaining presence on a global scale, in a speech during the G20 conference.

• Thursday, September 1st 2016 - 10:02 UTC

  Brazil central bank keeps rates unchanged for the ninth straight time

  

  Brazil's central bank kept interest rates at a decade high for the ninth straight time on Wednesday, but did not discard a cut rate later this year if stubbornly high inflation subsides. In a unanimous vote, the bank's monetary policy committee, Copom, kept its benchmark Selic rate at 14.25%, its highest since July 2006.

• Wednesday, August 31st 2016 - 20:29 UTC

  Brazil's political system confirms President Temer, removes 'outsider' Rousseff

  

  The Brazilian Senate on Wednesday midday impeached suspended president Dilma Rousseff, and removed her from office for the rest of her term, ending a power struggle that has consumed the nation for months but has not solved any of its mounting problems, rather the contrary. Vice-president and interim president Michel Temer will formally replace the first woman president of the country.

• Wednesday, August 31st 2016 - 13:54 UTC

  China expects G20 summit confirms its world standing, but admits vulnerable flanks

  

  China is hoping to cement its standing as a global power when it hosts leaders from the world's biggest economies this weekend, but suspects the West and its allies will try to deny Beijing what it sees as its rightful place on the international stage. Ensuring that this does not happen will be one of President Xi Jinping's priorities, and a key mark of how successful China will judge the G20 summit to be.

• Wednesday, August 31st 2016 - 05:03 UTC

  Norway's Statoil and Petrobras expand strategic alliance and cooperation

  

  Norways' StatOil and Petrobras have signed a memo of understanding to strengthen their cooperation in Brazil. The two major companies are are already partners in 13 blocks and the intention of the MoU is to evaluate joint participation in future tenders for exploration areas and to increase upstream collaboration in producing fields in the Santos and Campos offshore basins.

• Wednesday, August 31st 2016 - 04:56 UTC

  Brazil's unemployment reaches 11.6% with an estimated 11.8 million jobless

  

  Brazil's unemployment rate rose to 11.6% in the three months through July the statistics agency IBGE said on Tuesday. Brazil's jobless rate has risen sharply from 6.5% at the end of 2014 as the country entered its worst recession in decades.

• Monday, August 29th 2016 - 06:49 UTC

  Germany admits US/Europe trade talks have failed; growing fears of populism reactions

  

  Talks aimed at setting up a U.S.-European free trade zone have run aground because of intransigence on Washington's part, a top German politician said Sunday. The Obama administration and the 28-member European Union have been in talks to set up the Transatlantic Trade and Investment Partnership, or TTIP, which would be the world's largest free trade zone.