International

• Thursday, November 30th 2017 - 15:40 UTC

  More pliant rules for the banking and insurance industry in post-Brexit, says Bank of England

  

  Britain’s regulators will convert banking and insurance rules inherited from the European Union after Brexit to make them more tailored to the British market, Bank of England Governor Mark Carney said on Wednesday. Carney said Britain had long expressed opposition to the EU’s cap on banker bonuses, the full application of banking capital rules on smaller lenders and the bloc’s insurance capital rules.

• Thursday, November 30th 2017 - 15:28 UTC

  Angola's “Mugabe” family powers curtailed; Africa's richest woman sacked as head of oil industry

  

  The new Angolan president fired his predecessor’s daughter as head of the national oil company Sonangol, according to news emerging from one of Africa’s largest oil producers. Isabel Des Santos, also known as Africa’s richest woman, is the billionaire daughter of former President Jose Eduardo dos Santos. He held the position for 37 years before he stepped down in September.

• Thursday, November 30th 2017 - 14:40 UTC

  By 2030 robotic automation will replace 800 million global workers, says report

  

  Up to 800 million global workers will lose their jobs by 2030 and be replaced by robotic automation, a new report from a consultancy has found. The study of 46 countries and 800 occupations by the McKinsey Global Institute found that up to one-fifth of the global work force will be affected.

• Thursday, November 30th 2017 - 09:12 UTC

  JMC communiqué underlines self determination and UK's commitment post Brexit

  

  The two-day British Overseas Territories Joint Ministerial Council meeting in London ended on Wednesday with a communiqué underlining self determination, (plus commitment to counter hostile sovereignty claims), constitutional relationship, disaster recovery, --following the sweeping damages caused by hurricanes--, tax transparency and Brexit.

• Thursday, November 30th 2017 - 08:57 UTC

  Theresa May: Brexit bill “still in negotiations”; rules out paying “huge sums to the EU every year”

  

  British Prime Minister Theresa May insisted on Wednesday there is still no agreement on the UK's Brexit bill despite reports British officials have committed up to £50bn to the EU. British newspapers reported on Tuesday that an agreement had been reached on the divorce bill and mentioned 50bn Euros.

• Thursday, November 30th 2017 - 08:46 UTC

  London prepared to devolve powers to Belfast as part of Brexit deal, reports The Times

  

  Britain is considering devolving certain powers to Northern Ireland to avoid the possibility of a hard border with the Republic of Ireland after Brexit, according to a report from The Times.

• Thursday, November 30th 2017 - 07:53 UTC

  ARA San Juan: since Falklands' conflict, Buenos Aires and London have never been closer

  

  Under the suggestive heading, Clarin correspondent Maria Laura Avignolo writes that the Argentine tragedy of the submarine ARA San Juan has brought ever so close Argentine and British military for the first time since the Falklands conflict. And not surprisingly the support effort includes using the MPA complex in the Islands, if needed.

• Wednesday, November 29th 2017 - 08:23 UTC

  FIH Group posted record revenue pushing profits 38%

  

  Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.

• Wednesday, November 29th 2017 - 07:53 UTC

  Scotiabank en route to becoming Chile's third largest private bank

  

  Bank of Nova Scotia is pushing deeper into Latin America with a US$2.2-billion bid for control of a Chilean rival, looking to ignite its growth as the bank's fourth-quarter profit edged higher but missed expectations.

• Wednesday, November 29th 2017 - 07:39 UTC

  EU and London reach agreement on Brexit “divorce bill”, says Daily Telegraph

  

  Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph. The report saw Sterling rapidly cut its losses to trade 0.24% higher at 1.3351, which was up from an intraday low of 1.3220.