Stories for October 26th 2007
Three's a crowd; Preservation vs progress? Heritage concerns grow as Deans' smithy is demolished; Treasury behind in financial reporting to councillors; Police investigation - officer disciplined.
Magallanes Region government, in the extreme south of Chile announced plans this week to reopen the Arturo Prat Antarctic base on Greenwich Island in Chile's Antarctic territory. The announcement follows a proposed application to the U.N. by the United Kingdom for the consolidation of contested maritime territories off the Antarctic coast
Britain will not enter into a process of sovereignty negotiations with which the people of Gibraltar are not themselves first content. That was the message from Jim Murphy the new British Minister for Europe at the Foreign Office to over 1,200 people gathered at the Guildhall in London for Gibraltar Day last Monday October 22.
The Chilean Congress Lower House Defence Committee arrived Thursday in Antarctica to strong gusts and freezing temperatures and with the purpose of exercising Chilean sovereignty in the midst of a growing controversy over off Antarctica sea bed claims.
The United Kingdom remains vulnerable to further fallout from the recent credit crunch that has gripped world markets, a Bank of England report warns. BoE said British sub-prime borrowers could encounter problems obtaining credit because banks faced higher borrowing costs.
China's booming economy has grown by 11.5 percent in the third quarter, slightly less that the 11.9% of the previous quarter. Beijing efforts to slow the rapid expansion. The continued growth has put China on track to surpass Germany as the world's third largest economy, by as early as December.
The Finnish-Swedish forest products group Stora Enso reported Thursday a third quarter loss and announced plans to cut production by closing mills in Finland and Sweden which will mean the loss of 1.700 jobs.
Canada's Methanex Corportion blamed its poor performance during the third quarter to the serious natural gas restrictions from Argentina which means its main methanol plant in Punta Arenas is working at 25% of its potential.
Venezuelan President Hugo Chavez said U.S. foreign policy is in part responsible for soaring oil prices and predicted that crude will continue its upward spiral rapidly closing in on the 100 US dollars per barrel benchmark.
Argentina's First Lady Cristina Fernandez de Kirchner is set to win Sunday's presidential election according to all the public opinion polls published in the Buenos Aires media a few hours before the two days ban on political campaigning becomes effective.