British Prime Minister David Cameron reiterated before Parliament his support for the Overseas Territories, including the Falkland Islands, and their right to remain British. Cameron made special mention to the fact that next year in the anniversary of the liberation of the Falklands “which will be a moment for genuine celebration in all Overseas Territories”
Capital flight from Argentina during the third quarter of this year totalled 8.443 billion dollars, almost four times during the same period a year ago, according to the latest report from the country’s central bank.
Infrastructure and integration investments totalling 13.7 billion dollars in the next ten years to 2022 were announced by the Unasur (Union of South American Nations) infrastructure chapter this week in Brasilia.
The loss of competitiveness with Brazil, the strong devaluation of the Argentine peso, the rigorous foreign exchange controls imposed by the government of President Cristina Fernandez and their possible impacts on the coming summer season, is some of the main concerns of the Uruguayan tourism industry.
“Uruguay does not figure in the list of countries with which France has financial difficulties”, said a special envoy from President Nicholas Sarkozy who visited Montevideo this week, thus ending the controversy triggered at the end of the early November G8 Cannes summit when Uruguay was described as a “fiscal haven”.
The 2011/12 cruise season was officially inaugurated this week in Buenos Aires with the arrival from Venice of ‘Opera’ with 1.900 passengers. The cruise vessel belongs to the Italian company MSC and most tourists are Argentines, as well as French, Italian, German and Brazilians.
Edinburgh explorer Cairn Energy ended this week this year’s 600 million dollar drilling program off Greenland after the biggest exploration campaign attempted in the Arctic island’s waters failed to make a viable discovery.
The International Monetary Fund (IMF) avoided replying to an inquiry required by Argentine Judge Alejandro Catania, who handles the case of the lawsuit filed by the Domestic Trade Secretariat against private consulting agencies.
Brazil's Finance Minister Guido Mantega announced Thursday a package of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations as a consequence of the Euro situation.
Just a few days after the Conservative Popular Party swept into power in Spain, the British Government has underscored its long-standing assurance that it will not talk about Gibraltar’s sovereignty against the wishes of its people.