International

International
Wednesday, July 30th 2014 - 08:01 UTC

Japan's PM Abe at CARICOM summit pledges development support

 Tokyo's policy of “Proactive Contributor to Peace” would see Japan “engaged more proactively in strengthening our UN diplomacy”, said Abe.

Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.

Wednesday, July 30th 2014 - 07:45 UTC

UK and US fine Lloyds group £218m for manipulating the Libor rate

Bank of England Governor Mark Carney called such misconduct “reprehensible”.

Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.

Wednesday, July 30th 2014 - 07:23 UTC

IMF warning on interest rates and Russian crisis for some EU banks

If the US and UK tighten monetary policy sooner than expected, it could lead to higher borrowing costs worldwide, said IMF Christine Lagarde

Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

Wednesday, July 30th 2014 - 01:34 UTC

UK to encourage extraction of natural gas and oil from shale rock to help with declining production

“Unlocking shale gas in Britain has the potential to provide us with greater energy security, jobs and growth,” said energy minister, Matthew Hancock

The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.

Tuesday, July 29th 2014 - 21:31 UTC

Falkland Islands nominated finalists in the Travel Agents Choice Award

The awards are sponsored by “Selling Travel Magazine”, and winners will be announced 15 October

The Falkland Islands have been nominated and are finalists in the Travel Agents Choice Awards sponsored by “Selling Travel Magazine” in the UK. (Previously known as Selling Long Haul Magazine), announced the Falkland Islands Tourism Board. The Falkland Islands have been nominated for “Best Destination for Wildlife and Nature”.

Tuesday, July 29th 2014 - 06:39 UTC

Falkland Islands Holdings announces expanded Share Incentive Plan for its staff

The Falkland Islands Company has announced the expansion of its tax efficient share plan (Share Incentive Plan or SIP) which is open to all its 180 full time employees. The company believes in share ownership by staff and the public company status of its parent company, Falkland Islands Holdings plc (FIH), allows local staff to benefit from this in a meaningful way.

Tuesday, July 29th 2014 - 06:19 UTC

IATA claims from Venezuela the 4.1 billion dollars owed to airlines

The blocked monies are from ticket sales in Venezuela and are being held by the government in breach of international treaties

The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.

Tuesday, July 29th 2014 - 05:53 UTC

Brussels says it found 'no breach of EU environmental laws' in activities carried out by Gibraltar

Gibraltar received the notification via Sir Ivan Rogers, Ambassador and Permanent Representative at the UK's representative office in Brussels

The European Commission has informed the British Government that it has found no breach of EU environmental laws in the activities carried out by the Gibraltar Government including bunkering activities, the Eastside or Sovereign Bay project and, in particular, the Artificial Reef System in North-West British Gibraltar Territorial Waters.

Tuesday, July 29th 2014 - 05:43 UTC

Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

The article was credited to Katia Porzcecansky based on a letter from the group's solicitor Christopher Clark

A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.

Monday, July 28th 2014 - 20:21 UTC

First woman commander of a Royal Navy warship removed for alleged breach of social conduct code

The Type 23 frigate HMS Portland during her deployment called at the Falklands and South Georgia

The first female commander of a major Royal Navy warship is understood to have left her vessel after allegations of an affair with one of her officers. Cdr Sarah West, 42, was coming to the end of a seven-month deployment in the Atlantic on board the Type 23 frigate HMS Portland.

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