The Falkland Islands Executive Council this week welcomed the registration of the new Falklands fishing vessel freezer trawler Monteferro belonging to Kalamar Ltd. MLA Mike Summers said: “This is the second major private sector investment in fishing vessels this year, and represents good progress in the industry.”
UK banks may have been used to launder money stolen from South Africa, a former cabinet minister has alleged in a letter to Chancellor Philip Hammond. Labour Lord Peter Hain said a South African whistle-blower had indicated the banks maybe inadvertently have been conduits for the corrupt proceeds of money.
The Creative Industries Federation (CIF) said the £87bn a year the sector generated for the economy was at risk if immigration was restricted. The sector relies heavily on freelance staff, many of whom are from the EU, and the CIF is urging the government to negotiate free movement of UK and EU workers for short-term projects.
China has entered a new era where it should take centre stage in the world, President Xi Jinping says. The country's rapid progress under socialism with Chinese characteristics shows there is a new choice for other countries, he told the Communist Party congress.
A string of errors and failings that ended in the sinking of HMS Sheffield during the Falklands war has been disclosed after 35 years. Twenty people died and 26 were injured when the destroyer was hit by an Argentine Exocet missile during the early days of the 1982 conflict. It was the first Royal Navy warship to have been lost since the second world war.
Argentine president Mauricio Macri seems to be in the threshold of a new political spring following on the expected results of next Sunday's midterm election when a third of the Senate seats and half the Lower House, plus several governorships will be on dispute.
The UK's key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer Prices Index (CPI) climbed to 3%, a level it last reached in April 2012, and up from 2.9% in August. The pick-up in inflation raises the likelihood of an increase in interest rates - currently 0.25% - next month.
The forensic team from the International Committee of the Red Cross, ICRC, involved in the Falklands Humanitarian Project is currently analyzing the DNA samples taken from the Argentine soldiers remains buried at the Darwin cemetery in the Islands, and defining strategies that should allow the delivery of results to the Argentine, and United Kingdom governments.
The Galician fishing industry is undergoing a boom as Spain recovers from the economic crisis that had caused a halt in the construction of new vessels and investments on new processing plants in recent years, Javier Fraga Diaz, director with Spanish bank Abanca's maritime unit (Banca Mar), revealed.
China's credit rating has been downgraded by Standard & Poor's (S&P) because of worries over the rapid buildup of debt in the country. S&P cut China's rating by one notch from AA- to A+, saying its debts had raised economic and financial risks.