Economy

Friday, June 24th 2016 - 18:26 UTC
Boris Johnson softens Brexit speech: “We are part of Europe; we're not pulling up a drawbridge”

Boris Johnson has insisted the UK is not “turning its back” on Europe after its decision to vote to leave the EU. The decision would not make the UK any less tolerant nor outward looking and would not reduce opportunities for young people, the ex-London mayor said.
Friday, June 24th 2016 - 08:07 UTC
Vote Leave Chief and ex London mayor expected to go for PM Cameron post

When Boris Johnson announced in February that he would back the UK campaign to Leave the European Union, it transformed the debate. Johnson is popular with the public and within his party. By becoming the official head of Vote Leave, he gave the weight of the establishment to a campaign previously spear-headed by fringe political figures such as Nigel Farage and George Galloway.
Friday, June 24th 2016 - 07:43 UTC
“Leave” win tremors: sterling falls; Bank of England on full alert; “EUexit” domino calls

The UK has voted on Thursday, 23 June, to leave the European Union after 43 years in a historic referendum. Leave won by 51,9% to 48,1% with England and Wales voting strongly for Brexit, while London, Scotland and Northern Ireland backed staying in the EU.
Thursday, June 23rd 2016 - 19:17 UTC
Argentina planting an additional million hectares of wheat this winter

Argentina is planting an additional one million of hectares with wheat this austral winter, taking the total area to 5.3 million hectares, spurred by the end of export duties and quotas, and a floating exchange rate, according to the Agro/Industry ministry in Buenos Aires.
Thursday, June 23rd 2016 - 02:56 UTC
Renewables the focus of EU Energy Week in the Falklands

The Power & Electrical Department hosted an open day last week at their Sand Bay Wind Farm to showcase the work being undertaken by the Falkland Island’s Government (FIG) to utilise and promote renewable energy sources. The open day, which included guided tours and demonstrations, formed part of wider initiatives recently undertaken by FIG to address issues surrounding climate change.
Wednesday, June 22nd 2016 - 04:59 UTC
Brexit: Investor Soros anticipates sterling would “decline precipitously”

Legendary investor George Soros has warned of “serious consequences” for British jobs and finances if the country leaves the EU. Writing in The Guardian, he said sterling would “decline precipitously” if the Leave camp won Thursday's vote.
Wednesday, June 22nd 2016 - 04:33 UTC
Brexit: The apocalypse

By Gwynne Dyer - How’s this for apocalyptic? “As a historian I fear Brexit [a British vote to leave the European Union in the referendum on June 23] could be the beginning of the destruction of not only the EU but also Western political civilization in its entirety,” said Donald Tusk, the president of the European Union, in an interview published on Monday in the German newspaper Bild.
Tuesday, June 21st 2016 - 16:28 UTC
Iran ready to sign US$ 17bn deal with Boeing for 100 passenger planes

United States based giant aviation corporation Boeing has reached an agreement with Iran to sell the country 100 passenger planes, Iran’s aviation authority announced on Sunday.
Tuesday, June 21st 2016 - 07:55 UTC
Interim president Temer announces grace period for Brazilian states debts

Brazilian states will get a six-month grace period on debts with the federal government, followed by a year and a half of reduced payments, interim President Michel Temer announced.
Tuesday, June 21st 2016 - 07:29 UTC
Brazil slams Mercosur policies of 'populist governments”; proposes a more flexible working accord

Brazil wants a more flexible dynamic Mercosur which allows member countries to reach autonomous agreements with third parties, that can help overcome the de-industrialization process suffered by recent “populist governments”, said Brazilian foreign minister in a speech to the Sao Paulo State Federation of Industries, FIESP.