Economy

• Wednesday, April 27th 2016 - 10:44 UTC

  Paul Singer praises Macri but warns about negative impact from Collective Action Clauses

  

  Financier Paul Singer again took to the US media to celebrate Argentine President Mauricio Macri’s decision to settle with the so-called “speculative” creditors, including Singer’s own Elliott Management, with an article in the Wall Street Journal heaping praise on his business-friendly approach and willingness to negotiate with the holdouts.

• Wednesday, April 27th 2016 - 10:08 UTC

  Worlds' largest Seafood Expo opens in Brussels; Falklands attending

  

  Seafood Expo Global and Seafood Processing Global opened doors on Monday to thousands of seafood professionals from all around the world seeking to grow their businesses in the global market. The exposition, which takes place at the Brussels Expo, Belgium, from 26-28 April, is the world’s largest trade fair for the seafood industry.

• Wednesday, April 27th 2016 - 05:32 UTC

  Russian ban on EU food imports turns European farmers' fury against Mercosur accord

  

  Brussels must do more to help producers ride out the slump in agricultural commodity prices, European farm leaders have warned. Immediate solutions were needed to tackle the “unprecedented” crisis that had hit agricultural markets, said European farm umbrella organization Copa-Cogeca.

• Tuesday, April 26th 2016 - 08:49 UTC

  Gibraltar has 135 tax information exchange accords with 80 countries

  

  The British Ambassador to Madrid has defended Gibraltar against attempts by the Spanish Foreign Minister to portray Gibraltar as a tax haven. In a letter published in El País Simon Manley says Jose Manuel García-Margallo is mistaken in his view, pointing out that Gibraltar has taken important steps to ensure that its tax system is open and fair.

• Tuesday, April 26th 2016 - 08:04 UTC

  Falklands renews VMS capability contract for tracking over 150 vessels

  

  Big OceanData has been awarded a contract to provide the Government of the Falkland Islands with its vessel monitoring system (VMS) capability for another five years. For the first time the system will include AIS data, which will be integrated with existing Inmarsat tracking data from the fishing vessels.

• Monday, April 25th 2016 - 21:16 UTC

  Germany celebrates 500th anniversary of beer “purity law”

  

  German Chancellor Angela Merkel praised the “world renown” of German beer in Ingolstadt, at a celebration marking the 500th anniversary of the beer purity law. The age-old rule has remained a staple of beer production. Hundreds of brewers from Germany and other European countries attended the celebration in Bavaria on Friday, with servers and guards in traditional costumes.

• Monday, April 25th 2016 - 21:07 UTC

  Germans thirst for beer dwindling; health consciousness prevailing

  

  For 500 years Germany’s famous Beer Purity Law has been protecting the country’s beer drinkers from contaminants, chemicals and any other additives that unsavory merchants might have thought of adding. But the law, or Reinheitsgebot, which marked its 500th anniversary last Friday, has been unable to protect the country’s 1,350 brewers and the proud industry from a modern plague: health consciousness.

• Monday, April 25th 2016 - 06:05 UTC

  Meirelles mentioned as Finance minister in a Vice-president Temer administration

  

  If Brazilian Vice President Michel Temer takes power, former central bank President Henrique Meirelles would accept the position of finance minister under the condition he was given approval rights over members of the entire economic team, newspaper Folha de S. Paulo reported on Sunday.

• Monday, April 25th 2016 - 05:53 UTC

  RMS St Helena on sale; she will make a farewell to the port of London

  

  Helena Line has announced that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena from service in July 2016 and has appointed London ship broker CW Kellock & Co Ltd to handle her sale.

• Monday, April 25th 2016 - 05:46 UTC

  Cruise industry with 375 ships by 2026; Chinese market forecasted to jump 50%

  

  The world’s cruise fleet is set to grow to more than 375 ships by 2026, based on existing orders and known withdrawals, according to the 2016-2017 Cruise Industry News Annual Report.