Stability and continuity are at the heart of the Falkland Islands Government Budget for 2020/21. The Budget recognises these two themes are essential in the time of uncertainty stemming from the global COVID-19 pandemic.
Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.
The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.
Late Monday the Vicentin soy crushing giant group, which Argentine president Alberto Fernandez had previously announced it would take over to ensure jobs and food sovereignty, made public a release denying any job losses and revealing it was in talks with interested parties to overcome the current under administration situation.
Mexico has taken out a one billion US dollars loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday.
Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.
British car sales edged up in May after falling to their lowest since 1946 in April but still remained almost 90% below their level a year earlier as coronavirus restrictions limited sales.
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq’s recent decision to tighten listing rules for such players should be “a model” for all other exchanges around the world.
Latam Airlines registered a significant rise Tuesday and Wednesday on the Santiago Stock Exchange, rising 37.63% and 16%, which is attributed to the support that its partner Qatar Airways, who owns 10% of the Chilean airline, disclosed.
The World Health Organization's (WHO's) regional director for the Americas urged the United States on Tuesday to keep helping countries in the region to fight the novel coronavirus even as the Trump administration leaves the UN agency.