International

International
Wednesday, January 21st 2015 - 07:05 UTC

Argentina confirms customs imports restrictions despite WTO ruling

Officials Costa and Español met with representatives of business chambers, confirming the upholding of commercial restrictions

The administration of president Cristina Fernandez confirmed to Argentine business leaders that customs restrictions on imports will stay in place, despite strong international pressure for barriers to be lifted.

Wednesday, January 21st 2015 - 06:51 UTC

Explosive report on world's wealth from Oxfam: 1% of super rich own 48%

Oxfam CEO Winnie Byanyima, said at the Davos meeting that an explosion in inequality was holding back the fight against poverty.

More than half the world’s wealth will be owned by just one percent of the population by next year as global inequality soars, anti-poverty charity Oxfam predicted on Tuesday in an explosive document on the eve of a major meeting of the world’s political and business elite.

Wednesday, January 21st 2015 - 06:44 UTC

China last year grew at its weakest in 24 years, but could be bouncing back

China's retail sales rose 11.9% last month from a year earlier, while factory output rose 7.9% in the same period. Both economic measures beat forecasts.

China's economic growth slowed to its weakest in 24 years, expanding 7.4% last year from 7.7% in 2013. Growth in the world's second largest economy missed its official annual growth target of 7.5% for the first time in 15 years. But, the annual growth figures still came in higher than market expectations of about 7.2%.

Wednesday, January 21st 2015 - 06:33 UTC

Denmark, following on Switzerland, forecasted to remove Krone's peg to the Euro

Making the Krone less attractive Denmark cut its deposit rate to minus 0.2% from minus 0.05% and the lending rate was cut from 0.2% to 0.05%.

Denmark has cut its key interest rate to prevent the Krone from strengthening in the wake of Switzerland's decision to scrap the franc's peg to the Euro. There has been speculation that Denmark could follow the Swiss move by removing the Krone's link to the Euro.

Tuesday, January 20th 2015 - 07:08 UTC

Falklands 'holds a place in my heart', says UK presenter Sue Cook

The former Crime-watch presenter singled out the Falklands as one of her favorite experiences, ”I certainly recommend a trip like this.”

British TV presenter and author Sue Cook has been on what she described as an incredible three-week journey to Antarctica which relived Sir Ernest Shackleton’s unique voyage 100 years ago, but admits to have fallen in love with the amazing Falklands, according to a report from the Banbury Guardian.

Tuesday, January 20th 2015 - 06:53 UTC

Dramatic rescue of a passenger vessel who fell overboard triggers safety debate

The Disney Magic spotted the passenger from Royal Caribbean’s Oasis of the Seas in the water as the Magic was approaching Cozumel, Mexico.

A Disney cruise ship’s dramatic rescue of a Royal Caribbean passenger after he fell overboard apparently unnoticed has raised questions as to whether cruise ships have adequate technology to detect when someone goes overboard.

Tuesday, January 20th 2015 - 06:15 UTC

US/UK helicopters to support Falklands UK defense ministry operations

AAR Airlift and partner British International Helicopters (BIH) were awarded the ten year £180 million ($275 million) contract, effective April 2016

United States helicopter operator, AAR Airlift and partner British International Helicopters (BIH) have grabbed a £180 million ($275 million) helicopter deal to support U.K. defense ministry operations in the Falkland Islands.

Tuesday, January 20th 2015 - 06:05 UTC

Falklands receives Pan-American science delegation including Chile, Brazil and Colombia

Falklands Government sponsors scientists visits to the Islands 'to collaborate on regionally and internationally environmental research', said MLA Poole.

Following in the footsteps of Charles Darwin, who first visited the Islands in 1833, the first ever Pan–American Science Delegation to the Falkland Islands arrived in Stanley on Saturday, January 17.

Tuesday, January 20th 2015 - 05:57 UTC

WHO calls for urgent action to reduce burden of non communicable diseases

“The global community has the chance to change the course of the NCD epidemic,” says WHO Director-General Dr Margaret Chan

Urgent government action is needed to meet global targets to reduce the burden of non-communicable diseases (NCDs), and prevent the annual toll of 16 million people dying prematurely—before the age of 70 – from heart and lung diseases, stroke, cancer and diabetes, according to a new World Health Organization report.

Monday, January 19th 2015 - 07:25 UTC

Value of London's real estate is worth as much as Brazil's annual GDP

London's economy has rebounded strongly since the financial crash and that has been reflected in soaring house prices: they're up 61% in the last five years

The real estate boom has added 1.5 trillion dollars to the value of British homes over the past five years and left London residential property worth as much as Brazil's economy. Research by estate agents Savills shows U.K. houses and apartments were worth £5.75 trillion (8.7 trillion) in 2014, an increase of almost one trillion pounds since 2009.

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