Stories for November 2008

Thursday, November 13th 2008 - 20:00 UTC
Former Falklands governor fined for insider trading

Former Governor of the Falkland Islands and a past British ambassador to Peru has been fined by the Financial Services Authority (FSA) for insider dealing in an AIM-listed mining company which he chaired, reports Thursday edition of The Times.
Thursday, November 13th 2008 - 20:00 UTC
Spain-Argentine research cruise in South Atlantic

Spanish and Argentine scientists have begun a joint research cruise in the South-western Atlantic on board the Spanish government fisheries support vessel “Miguel Oliver” which is scheduled to extend until December 20
Thursday, November 13th 2008 - 20:00 UTC
British pound falls to weakest level against US dollar since 2002

The British pound has continued to fall against the US dollar, hitting its lowest rate in six and a half years against the US currency on fears of a deep recession.
Thursday, November 13th 2008 - 20:00 UTC
Germany in recession as economy contracts 0.5% in Q3

Germany has officially entered a recession after government figures showed that Europe's largest economy contracted by 0.5% in the third quarter. This is the second consecutive quarter that the economy has shrunk after a 0.4% contraction in the second quarter.
Wednesday, November 12th 2008 - 20:00 UTC
International tourism slowing, but still growing says UN

International tourism has started slowing rapidly since the middle of the year, reflecting consumer concern worldwide and rising inflation in many countries, the United Nations reports in its latest measure of the health of the global travel industry.
Wednesday, November 12th 2008 - 20:00 UTC
Falklands' farms go green; 40% organic status by 2010/11

TEN Falklands farms have registered to convert their farm production units to internationally recognised organic status. Should all go well this will mean nearly 40% of the Falkland Islands will have organic status by 2010/11.
Wednesday, November 12th 2008 - 20:00 UTC
Ban Ki-moon calls for greater action to rid world of land mines

More efforts are needed to eliminate landmines and other explosive devices, despite the great strides made in ridding the world of the deadly weapons, said Secretary-General Ban Ki-moon.
Wednesday, November 12th 2008 - 20:00 UTC
Petrobras admits cash strapped to develop ambitious expansion

Brazilian government managed oil company Petrobras announced on Tuesday that net income rose 96% in the third quarter thanks to a stronger US dollar and increased production. However this did not prevent shares from sliding 14% on Wednesday trading because of falling oil prices and the expanding global financial crisis.
Wednesday, November 12th 2008 - 20:00 UTC
UN “resilience committee” to boost tourism industry

Tourism ministers from around the world have agreed to set up a new United Nations-backed committee to consider how to respond both to the downturn in international travel as a result of the global financial crisis and the impact of climate change.
Wednesday, November 12th 2008 - 20:00 UTC
Paulson changes focus of bail out plan to spur liquidity

The 700 billion US dollars bail-out package has already “clearly helped stabilise” the financial system, US Treasury Secretary Henry Paulson said on Wednesday but he also warned there were still many challenges ahead and market turbulence was likely to continue for some time.