Stories for May 18th 2010
Britain’s stance on the Falklands a “mistake”; UN resolutions must be complied
Argentine president Cristina Fernandez de Kirchner said that Britain’s stance of declaring sovereignty over the Falklands/Malvinas sovereignty “non-negotiable” is a “mistake” dictated by “unilateral practices” that have created insecurity in the world.
Spanish maritime guidelines acknowledge British Gibraltar territorial waters
Spain’s Popular Party opposition has complained after a Spanish ministry issued guidelines to maritime rescue services that appear to acknowledge British Gibraltar territorial waters.
UK consumer inflation reaches 17-month high in April
United Kingdom consumer price inflation unexpectedly jumped to a 17-month high in April, 3.7%, driven by big rises in tax on alcohol and tobacco as well as higher prices for women's clothing and food, data showed.
Peruvian economy rebounds and expands 8.76% in first quarter
The Peruvian economy expanded 8.76% in the first quarter of 2010 compared to the same period a year ago, the highest rate in the last 17 months, according to the head of the country’s Statistics Office, Renán Quispe.
Peruvian president criticizes spiralling military expenditure in South America
Peruvian president Alan Garcia criticized spiralling military expenditure in South America, a fact he linked to the recently created Union of South American Nations, Unasur.
EU agrees on tougher regulation for hedge funds, in spite of UK objections
European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.
Chile and Peru leaders move to improve “rocky” bilateral relations
Chilean President Sebastian Piñera and Peruvian President Alan Garcia Perez met Sunday in the lead up to the European Union, Latin American, and Caribbean Summit in Madrid. The meeting represented a big step forward in improving the current rocky relations between Chile and Peru.
HMS Scott back in Davenport after six months tour in Antarctica
The Royal Navy survey ship HMS Scott returned to Devonport this week after six months on deployment in the southern hemisphere. The deep-water survey ship deployed on 26 October 2009 replaced stricken HMS Endurance in Ice patrol duties.
Jeremy Browne: “No doubt about our sovereignty over the Falkland Islands”
Foreign Office Minister Jeremy Browne has said there “cannot be negotiation on sovereignty unless and until the Falkland Islanders so wish,” following a statement by the Argentinean President.
Euro falls to its lowest since April 2006; fears of double dip in the economy
The Euro fell to its lowest since April 2006 even as European finance ministers sought to dissipate concern that spending cuts to combat the region’s debt crisis won’t cause a double dip in the economy.
