Stories for October 2008
Latest News feedArgentina reacts angrily to S&P debt rating downgrade
Argentina Economy Ministry sources reacted angrily to a debt ratings downgrade by Standard & Poor’s on Friday saying it was “another mistaken decision”. S&P downgraded Argentina’s foreign-currency rating to “B-“ from “B”.
UN calls for continuation of cease fire in east Congo
Secretary-General Ban Ki-moon issued on Friday a call for a continuation to the halt to fighting announced by rebel militia leader Laurent Nkunda, stressing the heavy humanitarian toll of the violence which has engulfed the east of the Democratic Republic of the Congo (DRC).
Falklands’ police seize £ 1 million worth of cocaine in trawler
The Royal Falkland Islands Police confirmed that they had made a seizure of cocaine worth over one million pounds from a fishing vessel co-owned by Spanish and local company.
Academic accord to promote coastal fisheries in P. Arenas
Universidad del Mar (University of the Sea), a private institution from Punta Arenas inaugurated this week its new facilities plus the signing of an academic cooperation agreement with Chile’s Fisheries Department to promote the industry in Magallanes, particularly small scale undertakings.
Magallanes region has lowest unemployment in Chile with 1.7%
Unemployment in Chile’s extreme south region of Magallanes remained almost unchanged during the third quarter confirming it as the lowest in the country with 1.7%, compared to the national average of 7.8%.
Paraguay Guinness record with largest open-air barbecue
Mercosur country member Paraguay broke the Guinness World Record Sunday October 26 for the world’s largest one day open-air barbecue.
Sky Airline and Air Comet consolidate flights to Pta. Arenas
Air Comet which has been flying to Punta Arenas in the extreme south of Chile since December 2004 will cease to operate in the area after having reached a commercial and operational alliance with Sky Airline.
Chinese relief: iron ore market turns into buyer’s market
Iron ore miners face the prospect of the first price cut in seven years as steel production in China and elsewhere plunges amid the global downturn. The iron ore market has turned from a seller’s market to a buyer’s market, according to traders
Falkland Islands: Weekly Penguin News update
Headlines: ‘Positive and constructive’ two days at the OTCC; Ocean 8 cleaned but still leaking; FIRS goes global; Broadband goes rural; Your Views about Penguin News!
EU business and consumer confidence falls to 15-year low
Business and consumer confidence in the 15 nations of the Euro zone fell to a 15-year low in October, the European Commission said Thursday, as a credit crunch hits consumer spending and forces companies to shed jobs.
