Stories for October 22nd 2007
Representatives from 15 Latin American non-governmental organizations specializing in cetacean research called last week upon Chile's parliament to protect whales against commercial and scientific hunting by creating a Whale Sanctuary in Chilean waters.
Portsmouth-based warship HMS Nottingham left on Monday to take up duties in the South Atlantic. She will be taking over from Type 42 destroyer HMS Southampton.
The cruise industry is booming and two huge new generation vessels with capacity for 5.400 passengers each are scheduled to be delivered in 2009 and 2010, ordered by Royal Caribbean Cruises Ltd, RCCL, reports Finland's Aker Yards.
Chile confirmed Monday it will make an official presentation before the United Nations Continental Shelf Limits Commission to confirm Chile's rights off Antarctic territory following on the announcement by the Foreign Office of Britain's intentions.
Ireland and Spain face a prolonged slowdown in economic growth because of a drop in construction activity and consumer sentiment which have begun to have an impact on labor markets and weakens public finances according to the US risk ratings agency Standard & Poor's.
China is en route to become the world's second largest consumer market by 2015 following unprecedented growth several times faster than in developed countries during the last four decades, according to a report released by Boston Consulting Group.
The influence of Sovereign Wealth Funds, SWF, on global financial markets is set to grow as the world economy shifts to emerging economies, and Western countries should seize the opportunity to find common ground rules and a code of practice, recommends a report on SWF from Standard Chartered Bank.