International

International
Monday, July 27th 2015 - 05:53 UTC

“Second referendum on Scottish independence inevitable; question is timing”

Mr Salmond said: “I think a second independence referendum is inevitable. The question of course is not the inevitability, it is the timing.”

A second referendum on Scottish independence is inevitable, according to former first minister Alex Salmond. Speaking on the BBC's Andrew Marr program, he said the question was over the timing which was “in the hands of Nicola Sturgeon”.

Monday, July 27th 2015 - 05:30 UTC

Gibraltar complains about queues at the border with Spain; drop in tourism expenditure

“The effects of these seem to be designed to cause as much disruption as possible,” said Deputy Chief minister Dr Garcia

The Gibraltar Government has included the long queues of last Thursday afternoon at the frontier with Spain in its latest report to the European Union. Deputy Chief Minister Dr Joseph Garcia said the report will be presented “in order to draw attention to the manner in which the Spanish government is implementing the recommendations made by the commission”.

Saturday, July 25th 2015 - 05:14 UTC

FIFA admits corruption scandal is putting off new World Cup sponsors

Secretary-general Jerome Valcke said: “The current situation doesn't help to finalize any new agreements.”

FIFA has admitted the corruption scandal is putting off new World Cup sponsors and plans to hold a summit with existing backers in August. Secretary-general Jerome Valcke said: “The current situation doesn't help to finalize any new agreements.”

Friday, July 24th 2015 - 20:21 UTC

Tourism as a tool for development under-financed, claims Taleb Rifai

UNWTO chief underlined that tourism has been identified by half of the world´s Least Developed Countries as a priority instrument for poverty reduction.

Tourism’s underrepresentation in international financing for development flows remains a critical hurdle to overcome in order to fully deploy its development potential. Despite being a high impact economic activity, a major job generator and key export sector accounting for 6% of total world trade, tourism receives only 0.78% of the total Aid for Trade (AfT) disbursements and a mere 0.097% of the total Official Development Assistance (ODA).

Friday, July 24th 2015 - 11:18 UTC

More job losses coming to U.S. shale

With prices of both Brent and WTI moving towards $50 per barrel, this is bad news for the U.S. shale sector which is already dealing with rising debt

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC's high production levels and China's market turmoil have created more pressure on oil prices, making a price rebound look highly unlikely in the near future.

Friday, July 24th 2015 - 10:15 UTC

Japan's largest media company buys the Financial Times in a £844m deal

The battle for the FT turned into a duel between Nikkei and Axel Springer, two groups keen to develop their global presence in the English-language market.

Nikkei, Japan’s largest media company, is to buy the FT Group from Pearson for £844m, after stunning its rival bidder Germany’s Axel Springer with an eleventh hour offer for the London-based global news organisation. The deal marks the end of an era, bringing the curtain down on Pearson's 58 year ownership of the Financial Times at a time of upheaval in the global media industry.

Friday, July 24th 2015 - 09:02 UTC

Bermuda Premier calls on British Overseas Territories for a 'united front'

The meetings are intended as a planning session to discuss issues affecting the BOTs in advance of a Joint Ministerial Conference scheduled for November (Pic Bernews)

Bermuda Premier Michael Dunkley called for the British Overseas Territories (BOTs) to present a united front in key areas and for the leaders to work together to best represent the people of the region. Premier Dunkley opened on Thursday the Pre-Joint ministerial council which convened leaders from several BOTs including the Falklands MLA Roger Edwards, as reported by the island's Royal Gazette.

Friday, July 24th 2015 - 00:23 UTC

World Health Organization calls for urgent action to curb hepatitis

WHO is alerting people to the risks of contracting hepatitis from unsafe blood, unsafe injections, and sharing drug-injection equipment.

On World Hepatitis Day (28 July) the World Health Organization highlights the urgent need for countries to enhance action to prevent viral hepatitis infection and to ensure that people who have been infected are diagnosed and offered treatment. This year, the Organization is focusing particularly on hepatitis B and C, which together cause approximately 80% of all liver cancer deaths and kill close to 1.4 million people every year.

Friday, July 24th 2015 - 00:07 UTC

Shell allowed to drill in Alaska's Arctic, once the required emergency equipment arrives

BSEE conditionally granted Shell permits for exploration in the Chukchi Sea off Alaska, in a season which sea ice limits from July until October.

The U.S. Interior Department on Wednesday granted Royal Dutch Shell two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into the oil zone until required emergency equipment arrives in the region.

Thursday, July 23rd 2015 - 08:58 UTC

Discouraging outlook for commodities this year confirms World Bank

“All main commodity price indices are expected to decline in 2015, mainly due to abundant supplies, and in the case of industrial commodities, weak demand”

The outlook for commodities remains grim for this year, except that oil will fall a bit less than previously forecast, the World Bank said. Average prices for fuels such as crude, natural gas and coal will tumble 39% from 2014, while those for materials like metals and fertilisers will fall about 12%, the Washington-based lender said in its quarterly “Commodity Markets Outlook” released Wednesday.

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