Investments

Investments
Sunday, August 28th 2016 - 03:56 UTC

Rousseff takes the stand on Monday, following the round of defense witnesses

Tension is building ahead of Monday when Rousseff, from the leftist Workers' Party, will take the stand for the first time and face her accusers.

Suspended Brazilian president Dilma Rousseff's former economy minister testified Saturday that Rousseff did not break any laws justifying impeachment, as her trial closed in on next week's climax. Rousseff is accused of taking illegal state loans to help bridge budget shortfalls and mask the true state of the economy during her 2014 reelection campaign. The president argues the charges are trumped up and amount to a rightwing coup.

Friday, August 26th 2016 - 08:13 UTC

Falklands and Montserrat sign marine spatial environment partnership accord

Strong partnerships with other OTs and with the JNCC “have led to the exciting initiative ‘T2T’ sharing skills knowledge and expertise”, affirmed MLA Poole

UK Overseas Territories governments of the Falkland Islands and Montserrat have signed an agreement that facilitates a Territory to Territory partnership with the purpose of transferring knowledge and skills from the South Atlantic and the Caribbean. The skills and knowledge transfer will focus on information management and marine spatial planning.

Tuesday, August 23rd 2016 - 06:37 UTC

Premier Oil currently drafting a Project Proposal for oil production in the Falklands

The Mobile Offshore Drilling Unit (MODU) will drill subsea wells, which will include oil-producing, water-injection and gas-production wells.

The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.

Monday, August 22nd 2016 - 11:13 UTC

Despite all odds, Rio “the marvelous city” earned its Olympian record

The closing ceremony was an explosion of color, music, dance with the Samba Schools and queens.

Rio do Janeiro is the marvelous city, the heart of Brazil, are the lyrics of the song which identifies the sublime and the misery of Latin America's biggest country with the largest economy. This Sunday ended the almost three weeks 31st Summer Olympics hosted for the first time by a non developed country, and contrary to fears and uncertainties ended as a complete success, winning the hearts of all those who shared the Rio Games.

Wednesday, August 10th 2016 - 15:49 UTC

Brazilian Senate votes to impeach Rousseff, and Temer could cease to be “interim” president

The Senate needed just a simple majority to decide on taking Rousseff to trial, but a two-thirds majority will be needed in the final vote, after the trial in late August.

Brazilian Senate has voted to begin the impeachment trial of embattled President Dilma Rousseff, a move that could officially hand over power to her former vice president – current interim president – Michel Temer. The impeachment trial is expected to open around August 25 - four days after the Olympics finish - and go on for five days, ending with a vote in judgment.

Wednesday, August 10th 2016 - 03:54 UTC

Falklands 2014 and 2015 business climate surveys “very good”, but 2016 prospects aren't so rosy

The Business Climate Survey is undertaken by the Falklands Islands Development Corporation, FIDC, with support from the Falklands Chamber of Commerce

The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.

Wednesday, August 10th 2016 - 03:49 UTC

UK with a Great Pavilion will be present at Uruguay's main agriculture show

One of the highlights of this year will be the focus on agricultural technology with a series of lectures by British and Uruguayan experts.

With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.

Wednesday, August 3rd 2016 - 06:58 UTC

Rio Games opening tailored to the current economic conditions in Brazil

Rio Games will not have the grandiosity of Beijing, the special effects of Athens, the eccentricity and technological skills of London. It is an analogue opening

Rio de Janeiro Olympics opening ceremony on Friday will break with the recent tradition of large-scale and expensive shows, featuring a low-emissions cauldron and an “analogue” experience, executive producer Marco Balich said.

Tuesday, August 2nd 2016 - 06:07 UTC

China's leading role in Argentina reviewed and confirmed by Macri

Argentina’s diplomatic relations with China were upgraded to “strategic integral alliance” status in the president Cristina Fernández de Kirchner administration

China’s role in Argentina’s foreign relations will be more balanced than during the Kirchner administrations, with a larger role played instead by the United States and European countries, the country’s ambassador to Beijing Diego Guelar said, claiming Chinese investment will have to be more competitive.

Monday, August 1st 2016 - 13:52 UTC

Temer inaugurates much delayed metro line in Rio to the Olympic events

The Olympic Games, whose opening ceremony is scheduled for August 5, have provided an opportunity “for improving all of Rio,” Temer said in a speech.

Brazilian interim President Michel Temer on Saturday inaugurated a new Rio de Janeiro metro line that runs from Barra da Tijuca, the neighborhood that is home to most of the Olympic venues, to the city's southern tourist zone.

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