Stories for April 6th 2009
Controversial expenses anticipate “big changes” for British MPs
British Members of Parliament have been warned they face “big changes” in their system of pay and expenses as Housing Minister Margaret Beckett became the latest member of the Government to become embroiled in controversy.
“US is not at war with Islam” Obama tells Turkish parliament
During his first visit to a Muslim nation United States president Barack Obama said the US ”is not and will never be at war with Islam''. In an address to the Turkish parliament in Ankara on Monday, he called for a greater partnership with the Muslim world.
Argentina closes Southern squid fishery: 16 year record low catches
Argentina’s Federal Fisheries Council (CFP) unanimously voted to close the squid (Illex argentinus) fishery south of parallel 46°, as a precautionary protection measure for the southern Patagonian stock. Adopted last week, the move was spurred by the latest scientific data presented on how the major fishery was evolving and its dangerously low catches.
Project for the development of aquaculture in the Falklands
Falkland Islands aquaculture project and research on species with potential to help develop a local industry was underlined in a piece released in the Fishupdate.com portal. Development of the aquaculture and marine farming project are part of a major review of the Falklands fisheries policy, adds the article.
LAN Airline Will Reduce Its CO2 Emissions
Chilean-based LAN Airlines recently announced it will reduce the consumption of combustible fuel by 16.6 million gallons each year with the installation of “winglets” on all 37 of its Boeing 767-300 aircrafts as part of the airline’s endeavor to improve flight efficiency.
Antartic: Wilkins Ice Bridge Breaks
An ice bridge which held a vast Antarctic ice shelf in place shattered at the weekend and could herald a wider collapse linked to global warming, a leading scientist has warned. “It's amazing how the ice has ruptured. Two days ago it was intact,” said David Vaughan, a glaciologist with the British Antarctic Survey.
Latam positive about G20 results, but implementation is also vital
The G-20 summit decision to inject 1.1 trillion US dollars to the global economy to prop trade and overcome the financial collapse can be beneficial for Latinamerica but measures have to be implemented and proven efficient, according to experts from the region.
Mexico sets up 150 billion US dollars barrier to end market volatility
Mexico asked the International Monetary Fund for a 47 billion US dollars credit line which is to be added to the 30 billion swap line with the Federal Reserve to help shore up the economy and end market volatility.
Best March performance in 15 years for Latam financial markets
Latin American financial markets recorded their best monthly performance during March in more than 15 years, as signs of stabilization in the global financial system encouraged investors to take on risk.
HSBC shareholders support bank with 17.7 billion US dollars
Britain’s HSBC bank shareholders have bought 96.6% of the new shares they were offered. Unlike many of its rivals, HSBC has not received government support, but it still needed some extra funding as a result of the credit crunch.
