Wednesday, November 18th 2015 - 08:05 UTC

Statoil follows Shell and drops search for oil in the US Arctic

The move will see Statoil exit 16 operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea.

Norway's Statoil has decided to quit its Alaskan exploration efforts in the Chukchi Sea, following a recent move by Shell to drop its search for oil in the US Arctic after a key drilling target came back dry.

Wednesday, November 18th 2015 - 07:53 UTC

Tierra del Fuego ozone alert with 'UV radiation reaching extreme risk or harm'

According to the UV Index, a reading of 11 or more means extreme risk of harm from unprotected sun exposure several precautions must be taken

Tierra del Fuego in south Argentina has sent out a warning to residents in the province that the ozone layer hole as it expands to the north, over the tip of South America continent this week, it will be reaching its maximum size with UV radiation at 12, violet or extreme alert. The information was provided by Argentina's VAG Ushuaia Station.

Wednesday, November 18th 2015 - 07:36 UTC

Brazil ready to sign an EU/Mercosur wide ranging trade agreement

“Mercosur proposal is ready and we are prepared to begin the exchange process immediately”, said minister Armando Monteiro in Sao Paulo

Paraguay's foreign minister Eladio Loizaga is in Brussels holding a round of talks with different European Union officials regarding the trade and cooperation agreement with Mercosur, while in Brazil Industry and foreign trade minister Armando Monteiro announced that Mercosur was finally ready to advance with a wide range proposal.

Wednesday, November 18th 2015 - 07:14 UTC

France and Russia agree on an unusual alliance against the Islamic State

“It's necessary to establish direct contact with the French and work with them as allies,” Russian President Vladimir Putin told his military top brass

France and Russia agreed to coordinate their military and security services in an unusual alliance against Islamic State jihadists in Syria on Tuesday after a devastating attack on Paris and the bombing of a Russian plane.

Tuesday, November 17th 2015 - 09:07 UTC

Marriott agrees to buy Starwood, making it the largest hotel chain in the world

Marriott CEO Arne Sorenson will remain CEO of the combined company. Deal is expected to close in 2016, following shareholder and regulatory approvals.

Marriott International has agreed to buy Starwood Hotels and Resorts in a $12.2 billion deal that will make it the largest hotel chain in the world. The boards of directors of both companies have unanimously approved a merger agreement, Marriott announced this morning. The combined companies will operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide. About 35% of the properties are outside the USA.

Tuesday, November 17th 2015 - 08:54 UTC

Two Chinese nuclear plants for Argentina in a 15bn dollars deal

About 85% of the cost of the project will be financed by Chinese firms, to be paid back in 18 years at an annual interest rate below 6.5%, said Kicillof

Argentina signed two nuclear power plant construction deals with China on Sunday worth around US$15 billion, which would add 1,750 megawatts to the energy already produced by the country's three nuclear power plants.

Tuesday, November 17th 2015 - 08:18 UTC

Putin claims 40 countries fund ISIS including some members from G20

Putin said he provided examples based on Russian data on the financing of different Islamic State units by private individuals.

Russian President Vladimir Putin dropped a bombshell when he alleged that the dreaded Islamic State (ISIS) is being funded by 40 countries including some members of the G20 countries.

Tuesday, November 17th 2015 - 07:55 UTC

G20 leaders in Turkey vow to step up the fight against terrorism

G20 leaders promised to cooperate on managing borders, airline safety, sharing information on suspects, countering propaganda and freezing terrorist assets.

In the wake of the Paris horrific coordinated attacks, leaders from the world's top economies ended on Monday a two-day summit at a resort in Turkey with a vow to step up the fight against terrorism. The attacks that left 132 people dead and hundreds of injured shrouded the nine hours of formal talks that were already set to include discussions of terrorism and a refugee crisis stemming from the mass exodus of people from war-torn Syria.

Tuesday, November 17th 2015 - 07:35 UTC

UEFA confirms the Euro 2016 will remain in France

“The Euro final draw will go ahead as scheduled and the final tournament will be played in France from 10 June to 10 July 2016”, announced UEFA

Euro 2016 will remain in France, UEFA has announced. The country’s hosting of the tournament has come under scrutiny since Friday’s terrorist attacks in Paris, which killed 129 people with many more seriously injured. France’s 1958 World Cup star Just Fontaine was one prominent figure to call on the country to give up hosting rights, claiming: “It is simply too dangerous”.

Tuesday, November 17th 2015 - 07:17 UTC

Flags at half-mast on Whitehall as UK observes a minute's silence on Monday

As a mark of respect and expression of solidarity, all Whitehall government departments have lowered their Union Flags to half-mast

Flags fly at half-mast on Whitehall government buildings as the United Kingdom observed a minute's silence on Monday 16 November 2015. The minute's silence was held across Europe at 11am (UK time), in remembrance of those who lost their lives in the series of terrorist attacks in Paris, France.


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