Investments

Investments
Friday, June 3rd 2016 - 06:40 UTC

Falklands are “my homeland”, with the right to freely choose our own future

Ms. Krysteen Ormond, JP, Falkland Islands Government Representative to the United Nations Decolonization Committee

The Falklands are a people, “my homeland”, with the right to freely choose our own future, as enshrined as leading principle in the UN Charter and safeguarded by the several covenants on civil and political rights, said Falklands' government representative Krysteen Ormond addressing the Pacific Regional Seminar of the C24, Special Decolonization Committee.

Thursday, June 2nd 2016 - 14:09 UTC

Monsanto and Argentina closer to an agreement on exports inspections dispute

Monsanto and Argentina have been at loggerheads over the company's request that Argentine exporters inspect soybean shipments to ensure growers pay royalties.

Monsanto Co., eager to get royalties from growers in Argentina on genetically modified soybeans, said on Wednesday it was still trying to resolve a dispute with the government over inspections, while an agricultural ministry source said a deal may be reached in the coming days.

Thursday, June 2nd 2016 - 08:49 UTC

US defense bill includes one billion dollars to fund a new polar icebreaker

Senator Cochran said the bill recommends $1 billion in Navy shipbuilding funds to procure the first U.S. Coast Guard-operated icebreaker in more than 25 years.

The U.S. Senate Appropriations Committee's Defense Appropriations Bill has included one billion dollars in funding to accelerate construction of a new polar icebreaker for the U.S. Coast Guard, reported Senator Thad Cochran (R-Miss.).

Thursday, June 2nd 2016 - 07:13 UTC

Europe opens the longest tunnel in the world, 57km, under the Swiss Alps

 With political unity on the continent shaken, Swiss president Johann Schneider-Ammann said the tunnel would “join the people and the economies” of Europe.

The world's longest tunnel officially opened on Wednesday, with the trailblazing rail passage under the Swiss Alps aiming to ease transit through the heart of Europe. With political unity on the continent shaken by a massive influx of migrants and the looming threat of Britain's EU departure, Swiss president Johann Schneider-Ammann said the tunnel would “join the people and the economies” of Europe.

Wednesday, June 1st 2016 - 03:11 UTC

Falklands, after 'boom' years, announces a prudent mid/term sustainable budget

Financial Secretary Nicola Granger made the presentation of the Appropriations and Finance bills to the Legislative Assembly

The Falkland Islands Financial Secretary Nicola Granger presented on Tuesday to the Legislative Assembly the 2016/17 financial budget bill with appropriations of £62.9M, funded from revenues anticipated in the year of £61.3M with the remainder coming from the reserves built up from wind-falls in Illex catches and oil and gas exploration in recent years.

Tuesday, May 31st 2016 - 19:25 UTC

Falklands state of the nation: economic challenges but also hopes of a productive relationship with Argentina

Governor Colin Roberts CVO addresses the Legislative Assembly with the annual report on the state of the nation

The Falkland Islands finances remain robust despite a future of domestic and overseas challenges, but on the other hand recent developments in Argentina have opened hopes for a productive, closer relationship with the South American continent, said Governor Colin Roberts in his annual speech on the state of the nation.

Sunday, May 29th 2016 - 08:23 UTC

“Modern Times”, robots rapidly replacing workers in electronics factories

Xu Yulian, head of Kunshan region PP.RR., said: “More companies are likely to follow suit.” China is investing heavily in a robot workforce.

Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots. One factory has “reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots”, a government official told the South China Morning Star.

Thursday, May 26th 2016 - 06:05 UTC

Argentina confident Patagonia's shale formation foreign interest remains strong

“Vaca Muerta will continue to be for YPF and, for the country, a very good option to regain the energy sovereignty,” minister Aranguren said

Argentina's Vaca Muerta shale formation in Patagonia remains an attractive asset for international investors, many of which are looking to increase the amount they have invested so far, according to the country's Energy Minister Juan José Aranguren, a former Shell Argentina CEO.

Tuesday, May 24th 2016 - 08:52 UTC

St Helena celebrates the new airport on her 514th discovery anniversary

Governor Lisa Phillips: The underlying question is will change bring with it progress?

2016 St Helena’s Day celebrations were this year held on Friday 20 May 2016, and were reckoned by all to be a great success. Once again organized by New Horizons and held in lower Jamestown, traditional activities and stalls were arranged in both the Mule Yard and along the Seafront area.

Tuesday, May 24th 2016 - 08:30 UTC

US tire maker leaves Venezuela after six decades in the country

Bridgestone says the sale will have no financial impact because it already has written off its investments in the crisis-wracked country.

United States tire maker Bridgestone is selling its business in Venezuela after six decades in the country, the latest blue chip company to abandon the country as a result of runaway inflation and strict currency controls. Bridgestone Americas said in a statement Monday that it is selling its Venezuela assets to Grupo Corimon, a local industrialist. It says the company will be called Alice Neumaticos de Venezuela.

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