Politics

• Thursday, October 13th 2016 - 21:11 UTC

  Travelers shocked at UK airports: £=€ 99 cents; Lord King says “weak pound is positive”

  

  Many travelers buying foreign currency at the UK's airports are now receiving less than one Euro to the pound, reports the BBC. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound. The worst rate is currently 88 Euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.

• Thursday, October 13th 2016 - 14:52 UTC

  Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

  

  The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.

• Thursday, October 13th 2016 - 10:13 UTC

  Petrobras no longer an arm of government to control inflation, pledges CEO

  

  Petrobras is reading to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. For years fuel prices were manipulated as part of the government's policy to keep inflation under control.

• Thursday, October 13th 2016 - 10:05 UTC

  Ushuaia celebrates 132th anniversary with a jumbo paella for 12.000 people

  

  Ushuaia in the extreme south of Argentina and capital of Tierra del Fuego province celebrated on 12 October the 132th anniversary of its foundation with several activities including a jumbo popular paella for 12.000 people. The gastronomic display was sponsored by city authorities and New San, a maquila group which assembles electronic products in Tierra del Fuego under a promotion system implemented by Buenos Aires.

• Thursday, October 13th 2016 - 09:41 UTC

  Gibraltar attends SNP conference in Glasgow: shares Brexit concerns

  

  Gibraltar's Deputy Chief Minister Dr Joseph Garcia is in Scotland to attend the conference of the Scottish National Party (SNP). The event opened in Glasgow on Wednesday and this is the first time that Gibraltar will have an exhibition stand. It is also the first time that the Gibraltar Government will host an official reception.

• Thursday, October 13th 2016 - 07:59 UTC

  Falklands' new Chief Executive has 30 years experience in England's public sector

  

  Falkland Islands Government has announced the arrival of the new Chief Executive for the Falkland Islands, Mr. Barry Rowland. He comes to the Islands from the North of England and brings over 30 years’ experience in the public sector, with 15 years of those being in a number of corporate roles with senior leadership responsibilities.

• Wednesday, October 12th 2016 - 11:53 UTC

  Brazil's Lower House approves by ample margin amendment to freeze spending

  

  Brazil's Lower House of Congress approved on Monday a document which is the base for a Proposed Constitutional Amendment (PEC) that would freeze federal spending for the next 20 years, a legislative priority for Michel Temer's government in 2016.

• Wednesday, October 12th 2016 - 11:45 UTC

  PM May to meet Rajoy in Madrid; self determination debate at UN decolonization committee

  

  Prime Minister Theresa May will meet Spain’s caretaker Prime Minister, Mariano Rajoy, in Madrid on Thursday for talks on a range of issues including Brexit. The visit to Spain is part of a string of meetings in European capitals as Mrs May appeals for a fair “divorce deal” from Brussels for the UK.

• Wednesday, October 12th 2016 - 11:31 UTC

  UK fishermen cheer Brexit: they could recover £ 400 million of fish and shellfish caught by EU vessels

  

  Scottish fishermen have welcomed the publication of a report revealing the full extent of catches by foreign vessels in UK waters. Published by NAFC Marine Centre UHI in Shetland, and based on the European Commission’s most recent data, Dr Ian Napier’s report explains that more than half of the fish caught in British waters between 2012 and 2014 were taken by foreign fishing boats.

• Wednesday, October 12th 2016 - 11:17 UTC

  Ireland support measures for the economy preparing for the impact of Brexit

  

  The Irish government said on Tuesday it has introduced a number of specific measures to help firms that might be affected by the uncertainty caused by Britain's vote to leave the European Union (EU). The measures include an extension of the Special Assignee Relief Program, which gives designated individuals income tax relief for work done in the country until the end of 2020.