Stories for 2017

Wednesday, July 12th 2017 - 20:12 UTC
Premier and partners make world class oil discovery in Mexico. Shares soar more than 30%

Premier Oil (with strong interests in Falklands' oil industry), together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced on Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.
Wednesday, July 12th 2017 - 18:27 UTC
Brazil: Former President Lula da Silva found guilty of corruption

Former Brazilian leader Luiz Inacio Lula da Silva, who rose from childhood poverty to become a two-term president, was convicted on corruption charges on Wednesday in the first of five graft trials he faces.He was sentenced to nine and a half years in prison. He will remain free on appeal.
Wednesday, July 12th 2017 - 06:38 UTC
Boost for Temer: Congress approves overhaul of Brazil's labor laws

The Brazilian Senate gave final congressional approval to an unpopular overhaul of the country's labor laws on Tuesday night, providing crucial political support to embattled President Michel Temer as he fights a damaging corruption accusation.
Wednesday, July 12th 2017 - 06:02 UTC
British couple will make history this weekend when they marry at Antarctica's Rothera Station

British couple will make history this weekend when they become the first to tie the knot in the British Antarctic Territory. Bride-to-be Julie Baum and her groom Tom Sylvester will take their vows at the icy cold Rothera Research Station, almost 2,000 miles south of the Falkland Islands.
Wednesday, July 12th 2017 - 05:51 UTC
Exit Brexit secretary laughs at Johnson's comments; Corbyn calls them silly arrogant remarks

UK is already challenging Brussels over its Brexit divorce bill plans, David Davis has said as he laughed off concerns about Boris Johnson’s controversial suggestion the EU could “go whistle” if it makes “extortionate” demands.
Wednesday, July 12th 2017 - 05:32 UTC
EU can “go whistle”, says Boris Johnson of Brexit divorce bill

Foreign Secretary Boris Johnson has told MPs the European Union can “go whistle” for any “extortionate” final payment from the UK on Brexit. He added the government had “no plan” for what to do in the event of no deal being agreed with the EU.
Wednesday, July 12th 2017 - 04:21 UTC
Oil and gas production in Argentina has fallen to its lowest in 25 years

Oil and gas production in Argentina has fallen to 1981 levels, the lowest in 25 years, despite a $14 million government subsidy for the first five months of this year. From last year to May 2017, the country has produced 2,311,736 m3 of oil and just under 3.8 billion m3 of gas, which shows a drop of 6% and 1.8% respectively.
Tuesday, July 11th 2017 - 19:44 UTC
Philip Morris ordered to pay Australia millions after losing packaging lawsuit

Tobacco giant Philip Morris has been ordered to pay the Australian government millions of dollars after unsuccessfully suing the nation over its world-first plain-packaging laws.
Tuesday, July 11th 2017 - 12:11 UTC
Old round pound rolling out replaced by the new 12-sided coin

The old round pound is on the way out, slowly being replaced by the new 12-sided coin, brought in by the Royal Mint in attempt to thwart forgers. Both pound coins are currently in circulation, but soon the old pound coin will lose its status as legal tender and will be worth no more than the metal it's printed on.
Tuesday, July 11th 2017 - 08:21 UTC
Chile lowers growth forecast in 2017; June data showed surprise deflation of 0.4%

Chile's government has cut its forecast for 2017 economic growth to 1.5% from 2.25%, Finance Minister Rodrigo Valdes said on Monday as the long-awaited recovery remains elusive.