Stories for March 5th 2009
Argentine remains to be buried in Falkland Islands
Full military honours will given to the burial of Argentine remains in the Falklands on Saturday.
Argentine/Brazil bilateral trade drops 40% in Jan-Feb
Bilateral trade between Argentina and Brazil continued to deteriorate during the first two months of the year, according to official statistics released in Brasilia. Ministry of Development, Industry and Foreign Trade said that exports to Argentina in January-February were down to 1.33 billion US dollars which represents 46.5% less than Jan-Feb. 2008.
Chavez seizes US food company
Hugo Chavez, the Venezuelan president, has seized one food company and threatened to nationalise another as he demands that the industry produce cheaper rice.
Falklands’ oil company submits green impact report
As was anticipated Desire Petroleum has submitted an environmental impact assessment (EIA) to the Falkland Islands government it was reported in London.
Exxon reports oil discovery off the Brazilian coast
United States ExxonMobil has notified Brazilian regulatory agency Agencia Nacional de Petroleo, Gas Natural e Biocombustiveis (ANP) that it has found indications of hydrocarbons in block BM-S-22 off the Brazilian coast. The discovery was made in well 1-ESSO-3SPS.
Andean tunnel project to physically integrate Mercosur
A Chilean and an Argentine company signed a partnership this week for the construction of a low altitude tunnel crossing the Andes to connect the neighboring countries, the crucial link for a bi-oceanic project dating back to 1994.
Bad news for Latin America
With Europe and America struggling to address the ongoing global economic crisis, the forces of economic nationalism are on the march. Industry representatives and trade unions are busy lobbying the halls of power in Washington, Brussels, Paris, and London. They are seeking subsidies, tariff protection from foreign competition, restrictions on foreign labor, and even measures that pressure Europeans and Americans into buying domestically-made products.
Gibraltar & recession: “little Britain in the sun”, or the Rock?
At the Gibraltar border, a steady stream of pedestrians and vehicles enters the territory. It is mid-morning, and the Spanish are coming. Overhead, the Union flag flutters nervously, as it has, in one form or other, since Spain ceded the Rock to the UK in 1713.
Brown urges US not to succumb to protectionism
Gordon Brown has received a standing ovation from the US Congress after he called for a renewal “of the special relationship for our generation”. Mr Brown, the fifth UK prime minister in history to address both houses on Capitol Hill, urged the US and UK to push for “essential” economic changes.
English cricket team on Falklands and Chile tour
Falkland Cricket Club (FCC) from Newbury, Berkshire currently on a tour of South America warmed up for their historic re-match at the home of their South Atlantic namesakes, Falkland Islands, on Friday by completing a second tour victory.
