Current Edition

Current Edition
Thursday, April 17th 2014 - 07:49 UTC

New Zealand gets tough on working conditions for crews on board foreign chartered fishing vessels

Legislation follows serious allegations of mistreatment of crew on foreign chartered vessels operating in New Zealand waters

A fisheries amendment bill that has passed its second reading in Parliament sets that fishing companies can use foreign charter vessels only if they are flying the New Zealand flag and obey New Zealand laws. The legislation came from a ministerial inquiry led by minister Paul Swain, following serious allegations of mistreatment of crew on foreign chartered vessels.

Thursday, April 17th 2014 - 07:47 UTC

Yuan is 'significantly undervalued' US Treasury tells China

A stronger Chinese Yuan will make foreign imports cheaper

United States has told China its currency must be allowed to rise if it and the global economy are to see stable growth. The US Treasury's twice-yearly report to policymakers says the Yuan is “significantly undervalued”.

Thursday, April 17th 2014 - 04:58 UTC

China's economy expands 7.4% in first quarter and retail sales in March 12.2%

Beijing has taken steps to prop the domestic market and spending in the railway system

China's economy expanded by 7.4% in the first quarter of the year, better than what many were expecting, but it is a slowdown from 7.7% growth in the final quarter of last year. Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago.

Thursday, April 17th 2014 - 04:53 UTC

For third consecutive month UK inflation stands below the 2% target rate

 The largest contribution in March came from the fall in petrol prices

The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS). It is the third consecutive month inflation has been below the Bank of England's 2% target rate, and the lowest rate since October 2009.

Thursday, April 17th 2014 - 04:44 UTC

Chilean plan to rebuild Valparaíso but people already returning to their rubble plots

Valparaíso despite its Unesco World Heritage status is plagued with pockets of poverty particularly in the burnt hills surrounding the port-city

Chilean President Michelle Bachelet vowed to reconstruct Valparaíso, utilizing a new plan that would prevent many of the 11,000 victims of devastating wildfires from rebuilding on hills that cannot be protected from disasters. But she faces a battle to convince evacuees to relocate, with many wishing to return to what remains of their previous homes.

Thursday, April 17th 2014 - 00:02 UTC

Argentine government sponsors bill to regulate roadblocks and pickets

Pickets an almost every day patience and ingenious challenge for Buenos Aires City residents

Argentine President Cristina Fernández congressional group, 'Victory Front' submitted a bill in the Lower House to regulate street protests in a move that seeks to “guarantee and reinforce” the rights of citizens forced to deal with roadblocks and traffic chaos. The project bans the carrying of weapon by security forces during demonstrations too.

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