International

International
Monday, April 27th 2015 - 06:58 UTC

No end in suffering for Nepal: officially 3.220 dead and powerful aftershocks

Officials have warned that the number of casualties could rise as rescue teams reach remote mountainous areas of western Nepal.

At least 3,218 people are now known to have died in a massive earthquake which hit Nepal on Saturday, say officials. Rameshwor Dangal, head of Nepal's disaster management agency, said another 6,500 people had been injured. Dozens of people are also reported to have been killed in neighboring China and India.

Monday, April 27th 2015 - 06:47 UTC

Britain commemorates Anzac Day and the centenary of the Gallipoli campaign

The Queen lays the first wreath at the cenotaph

ANZAC Day commemorations on Saturday began before sun rise with a poignant service of commemoration and reflection at London's Hyde Park Corner with HRH The Princess Royal. HRH The Duke of Edinburgh attended a Service of Remembrance led by the Gallipoli Association at St Paul’s Cathedral.

Saturday, April 25th 2015 - 10:40 UTC

British Council readies global initiative to celebrate Shakespeare's life and work

The occasion is the 400th anniversary of William Shakespeare's death in 2016, and an invitation to the world to join in the celebrations

“Shakespeare Lives” is a global initiative celebrating Shakespeare’s life on the occasion of the 400th anniversary of his death in 2016, and an invitation to the world to join in the celebrations by participating in a unique online collaboration and experiencing the work of the great master directly on stage, through film, exhibitions and in schools.

Saturday, April 25th 2015 - 06:33 UTC

Oil price war may benefit both US Shale and Saudi Arabia

After the oil price crash in 1985, it took almost twenty years for prices to revert to previous levels; this could mean oil does not return to $100 a barrel until 2035

Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the oil price slump last? Is this a relatively short term event like 2008, or a longer term slump like the one in the mid 1980’s?

Saturday, April 25th 2015 - 06:19 UTC

Malvinas' oil rig drilling 'technical problem' triggers strong concern release from Argentina

The Argentine Foreign Ministry stressed a similar failure caused the infamous environmental catastrophe of the Mexican Gulf.

Argentina's Foreign Ministry expressed concerns on Friday over the failure in the blow-out preventer, BOP, valve of the “Isobel Deep” exploration well currently being drilled to the north of the Falklands/Malvinas Islands, as reported by Falkland Oil and Gas Limited (FOGL).

Saturday, April 25th 2015 - 05:08 UTC

Falklands and replacing the dollar, priorities for Argentina/Moscow agenda, argues Russian ex diplomat

Cristina Fernandez met with Putin in Moscow, and signed a raft of twenty cooperation accords in different fields and described bilateral ties as “strategic”.

The cooperation agreements recently signed by Argentina with Russia could be a Buenos Aires' response to the situation with the disputed Falkland Islands territories, former Russian ambassador to Argentina Evgeny Astakhov told the Russian news agency, Sputnik International on Friday.

Friday, April 24th 2015 - 22:26 UTC

Ocean leaders on track to achieve nine million tons of MSC sustainable seafood

MSC certified fisheries now catch 8.8 million tons of MSC certified seafood per year, accounting for close to 10% of the total global wild-capture

The Marine Stewardship Council (MSC) celebrated this Wednesday 15 years of MSC certified seafood and recognized the ‘leaders for living oceans’ that are driving growth and success in the sustainable seafood market.

Friday, April 24th 2015 - 08:25 UTC

Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate

NYDFS Superintendent Lawsky said staff at the bank had engaged in a “widespread effort to manipulate benchmark interest rates for financial gain.”

The New York State Department of Financial Services (NYDFS) announced Thursday that Deutsche Bank had agreed to pay 2.5 billion (2.3 billion Euros) to US and UK authorities as part of a legal settlement over the bank's role in manipulating the London Interbank Offered Rate (Libor).

Friday, April 24th 2015 - 08:08 UTC

EU regulators Russia's Gazprom of abusing dominant position; fine could reach 16bn

“Gazprom may have built artificial barriers, …hindering cross-border competition,” said European Competition Commissioner Margrethe Vestager

Russia’s biggest gas utility, Gazprom, was hit with an antitrust case by European Union regulators for “abusing” its dominant position and overcharging customers for gas supplies. The investigation against the Gazprom has been ongoing for two years.

Friday, April 24th 2015 - 08:03 UTC

Nasdaq index beats its 2000 record, closing at an all time high of 5.056

The rise of Apple has been an important part of the Nasdaq's recovery. It launched the iPod in 2001 and the iPhone in 2007.

The United States tech-heavy Nasdaq index has closed at a record high, surpassing a level it last reached in 2000 at the height of the dot com bubble. The index gained 20.89 points to close at 5,056.06, besting the high of 5,048.62 it hit on 10 March 2000.

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