Stories for May 22nd 2011
Spain’s Mr Zara is buying one acre site in London’s West End for £ 220m
Spain’s Amancio Ortega, the co-founder and former chairman of retail giant Inditex, is splashing out on a 1 acre “island site” on London’s Oxford Street for around £220m according to Property Week.
Ukraine’s richest man pays highest price for London residence: £ 136.4 million
Ukraine’s richest man, Rinat Akhmetov, has paid the highest price for a UK residence, buying an apartment in the One Hyde Park development in Knightsbridge. Land Registry documents show that two properties on the seventh and eighth floor of the luxury development have been bought by a single buyer, the total consideration amounting to £136.4m.
Chile, Peru and Costa Rica join the Geneva based UN Human rights council
Chile, Peru and Costa Rica will be representing Latin America and the Caribbean in the UN Human Rights Council for the next three years, following a round of balloting among UN member states over the weekend.
Brazil’s Real will depreciate when the US and Europe raise interest rates
Dollar inflows into Brazil are returning to normal levels, and the Brazilian Real will start to depreciate once interest rates in the US and Europe start to rise, said Brazil Finance Minister Guido Mantega. He also anticipated tax reforms to boost Brazilian competitiveness.
Amazon tribe first contacted in 1986 has no abstract concept of time
Amazonian tribe has no abstract concept of time, say researchers. The Amondawa lacks the linguistic structures that relate time and space - as in our idea of, for example, “working through the night”.
Argentina and Peru main recipients of Chilean investments in services sector
Argentina and Peru are the top recipients of Chilean overseas investments in the service sector according to report released last week covering a two decade period from 1990 to 2010.
UK ends military operation in Iraq which was started in 2003
UK's military operation in Iraq will officially end midnight Sunday, the Ministry of Defence has confirmed. It comes after the Royal Navy completed its training of Iraqi sailors, with the last personnel leaving the country on Friday.
The HydroAysén project and why Chile’s old institutional order can’t cope with change
By José Aylwin - The Santiago Times Publisher Steve Anderson’s editorial note: There are many reasons for the ongoing Chilean national anguish about the US$7.5 billion HidroAysén dam in Patagonia and transmission line project.
Chile plans a museum in Antarctica to honour pioneers and attract tourism
The Magallanes regional authorities in Chile’s extreme south are planning to open a museum in the country’s Arturo Prat Antarctic base. Objects and images of Chile’s national presence on the continent will be on display.
Argentine economic activity expands 7.8% in March over a year ago
Economic activity in Argentina expanded 7.8% in March compared to the same month a year ago and 0.5% over February, according to the provisional percentages from the government’s National Statistics Institute, INE.
