Finland's UPM/Botnia plant, which is an ongoing motive of dispute with Argentina is planning a second pulp mill but to the east of Uruguay, announced Vice-president Danilo Astori, confirming a previous statement from the First Lady and Senator Lucia Topolansky.
Two Falkland Islands Members of the Legislative Assembly, Roger Edwards and Ian Hansen will be attending the second annual Overseas Territories Joint Ministerial Conference (JMC) in London on the 25th of November 2013. The Falkland Islands’ delegation will also include HE the Governor Nigel Haywood, Jamie Fotheringham (Head of Policy), and Sukey Cameron (UK Representative).
US bank JP Morgan has agreed to a record 13 billion dollars settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made serious misrepresentations to the public, but said it did not violate US laws.
Acting Permanent Under Secretary Matthew Rycroft summoned the Spanish Ambassador H.E. Federico Trillo on Tuesday afternoon to raise the United Kingdom’s serious concerns regarding a significant incursion into British Gibraltar Territorial Waters on 18 and 19 November.
United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.
US Secretary of State John Kerry on Monday declared that a nearly 200-year-old policy which had governed Washington's relations with Latin America was finally dead. Known as the Monroe Doctrine after it was adopted in 1823 by former US president James Monroe, the policy had stated that any efforts by European countries to colonize land in North or South America would be views as aggressive acts and could require US intervention.
A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.
Argentine President Cristina Fernandez reappeared Monday in a video for the first time since the October 8 cranium surgery to remove blood clots. Very much in control of the situation and specially impressive for the occasion the Argentine leader reopened her Twitter and with a first message in 45 days that said: “Hi, how are all of you?”
The administration of Argentine President Cristina Fernández announced on Monday a major cabinet reshuffle naming Chaco governor Jorge Capitanich as new cabinet chief and Axel Kicillof Economy minister while the Central bank will have a new president, Carlos Fabrega.
Sunday 1st December 2013 marks the introduction of the new National Minimum Wage legislation for the Falkland Islands. From this date, employers are required by law to pay their workers aged 18 years and over a minimum of £5.05 per hour, equivalent to approximately 8.13 dollars (or £3.10 per hour for workers aged 16 or 17 years).