Stories for November 2011

Wednesday, November 30th 2011 - 23:16 UTC

Falklands’ by-election already has a firm MLA, Ian Hansen for the Camp

Camp voters are not satisfied with the road-capping program, points out Hansen

The Falkland Islands are holding a bye election next December 15, one for each constituency, city and camp. However while the Stanley seat has several hopefuls, Ian Hansen as the only candidate for the Camp Constituency will gain his seat by default and without a clear mandate to shape his performance over the remaining course of this Government.

Wednesday, November 30th 2011 - 23:08 UTC

Brazil cuts basic rate by half a point to 11% and says inflation converging to target

Traders believe Tombini will cut the Selic as low as 9.25% by July

Brazil’s central bank cut borrowing costs by half a point for a third straight meeting as a global economic slowdown threatens with a slump in domestic demand. The bank’s board voted on Wednesday unanimously to reduce the benchmark Selic rate to 11% from 11.5%, as had been anticipated by markets.

Wednesday, November 30th 2011 - 21:31 UTC

Latam financial system ‘stable and solid’ but weak in consumer banking, says World Bank

Augusto de la Torre, World Bank chief economist for Latin America

While the economic crisis relentlessly ravages Europe and the United States, Latin American countries anxiously wait on the sidelines. The crisis could dampen the regional trend of solid growth during the past decade.

Wednesday, November 30th 2011 - 21:21 UTC

Tens of visitors evacuated when HMS Belfast gangway in London collapsed

HMS Belfast is part of the Imperial War Museum

Nearly 170 visitors were evacuated Wednesday from the HMS Belfast after the gangway leading to the tourist attraction collapsed. AOL (UK) reports that London Metropolitan police have said that two men were taken to hospital with minor injuries.

Wednesday, November 30th 2011 - 20:47 UTC

UK promises more support for the Overseas Territories biodiversity strategy

Minister Bellingham with an image of a yellow-nosed albatross

Overseas Territories Minister Henry Bellingham met representatives of the Royal Society for the Protection of Birds on Wednesday, and received a pledge signed by almost 17,000 of their members, asking the UK Government to ensure that the valuable biodiversity of the Overseas Territories is preserved.

Wednesday, November 30th 2011 - 20:27 UTC

UK and Norway reaffirm commitment to polar and Southern Ocean cooperation

Norway’s Foreign Secretary Jonas Gahr Store and Foreign Secretary Hague

The Foreign Secretary, William Hague, and Norwegian Foreign Minister, Jonas Gahr Støre underlined on Wednesday their commitment to enhance UK/Norwegian cooperation in the Polar Regions.

Wednesday, November 30th 2011 - 16:04 UTC

China changes policy: eases credit and lowers bank reserves ratio

Until now China was obsessed with bringing down inflation and food prices

China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.

Wednesday, November 30th 2011 - 12:48 UTC

At Durban, we need to rethink the next steps to tackling climate change

Lord Hunt is Visiting Professor at Delft University of Technology and a former Director-General of the UK Met Office

The main aim of the UN climate summit at Durban, which began on November 28 and finishes on December 9, is to produce an agreement about targets for emissions by developed countries, and longer term targets from developing countries.

Wednesday, November 30th 2011 - 09:04 UTC

China becomes Peru’s main trade partner and a leading investor

PM Lerner anticipates 1.2 billion investments by 2013

Peruvian Prime Minister Salomon Lerner said that China’s direct investments in the country would increase between 30% and 40% in the next two years. China became this year Peru’s main trade partner.

Wednesday, November 30th 2011 - 06:06 UTC

IDB calls for democratizing access to internet broadband in Unasur members

Flora Painter, head of the IDB Science and Technology Division

Members of the Union of South American Nations, UNASUR, need to improve cooperation and stimulate private investment to increase access to broadband services, a move that will lead to a reduction in costs and greater usage, according to two studies by the Inter-American Development Bank released at a meeting of UNASUR communication ministers.

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