International

International
Friday, December 5th 2014 - 23:41 UTC

Top Gear incident in Argentina: “Foreign Office did not incur in any additional assistance costs”

Jeremy Clarkson, the controversial head of the BBC Top Gear team which had to leave for Chile

The Foreign Office did not incur any costs in providing assistance to the BBC Top Gear team which was recently in an Argentine tour and was forced to leave the country under protection, following alleged disrespectful references to the 1982 Falklands war by the team.

Friday, December 5th 2014 - 06:50 UTC

Could falling oil prices spark a financial crisis?

Junk-bond debt in energy has reached 210 billion, which is about 16% of the 1.3 trillion dollars junk-bond market

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.

Friday, December 5th 2014 - 06:45 UTC

Bank of England leaves rates unchanged but deflation fears persist

One factor in keeping inflation low has been the 25% fall in the oil price since the summer, which has cut fuel prices at the pump for motorists.

UK interest rates have been held at a record low of 0.5% for another month by the Bank of England. It also decided to maintain its quantitative easing program, designed to stimulate lending in the economy, at the £375bn already spent.

Friday, December 5th 2014 - 06:34 UTC

South Atlantic patrol HMS Iron Duke pays humanitarian visit to Haiti

HMS Iron Duke

HMS Iron Duke has paid an historic visit to Haiti, the first British naval vessel to the island nation since RFA Largs Bay delivered earthquake aid in 2010. Iron Duke is now reaching the end of her six month deployment of the South Atlantic and marked her entry into the Port of Cap Haitien with a 21 gun salute.

Friday, December 5th 2014 - 06:19 UTC

Latin America 'unfortunately' has a very low participation in global trade

Rodriguez said that “south-south” trade had increased from less that 5% in 1990 to almost 18% last year, on the back of the integration process

Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.

Friday, December 5th 2014 - 06:14 UTC

ECB steps up plans for more stimulus measures to revitalize Euro-economy

ECB staff “have stepped up the technical preparations for further measures, which could, if needed, be implemented in a timely manner,” said Draghi

The European Central Bank (ECB) has “stepped up” plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.

Thursday, December 4th 2014 - 05:28 UTC

UK to tax multinationals that siphon profits into low-tax havens

“We will make sure big multinational businesses pay their fair share,” Osborne said in a half-year budget statement. The tax will be set at a rate of 25%.

Britain plans to introduce a tax to target multinationals such as Google and Amazon accused of using complex accounting schemes to cut their payments on earnings in the country.

Wednesday, December 3rd 2014 - 22:31 UTC

Chile holds first Mayors climate change forum with UK support

Chilean mayors participating at the Forum together with former Chilean president Ricardo Lagos.

Chile's first Mayors Climate Change Forum, a local government-led initiative focused on cities, local territories and climate change took place in late November with the support of the British Embassy in Santiago.

Wednesday, December 3rd 2014 - 22:08 UTC

Memorial to the Korean War unveiled at a ceremony in central London

The Memorial is a bronze statue of a British soldier standing in front of an inscribed and carved obelisk of Portland stone on a base of Welsh slate

A new memorial to the Korean War, a conflict often dubbed ‘the forgotten war’ was unveiled on Wednesday at a ceremony in central London.The Korean War Memorial, a gift from the Republic of Korea to honor the British troops that served between 1950 and 1953, is in the form of a bronze statue of a British soldier by sculptor Philip Jackson.

Wednesday, December 3rd 2014 - 10:57 UTC

Falklands' battle commemoration service in London next 8 December

The service will be held at the naval church St Martin-in-the-Fields organized by FIA

A commemorative service at the naval church of St Martin-in-the-Fields, near Trafalgar Square, in London and a reception has been organized by the Falkland Islands Association to commemorate the Battle of Coronel (Nov. 1, 1914) and Battle of the Falklands (Dec. 8, 1914).

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