Gibraltar is not just having a relatively good level of economic activity during global recession and financial crisis, but is further positioning itself well to move into a significant new growth phase when the global economy and markets recover.
Brazilian officials stated the blackout that left at least 60 million of people in the dark in Brazil and neighbouring Paraguay Tuesday was caused by a lightning storm.
The Honduras Supreme Court begun to consider late Wednesday if ousted President Manuel Zelaya should or should not be reinstated, a crucial step in the process to help overcome the four-month political crisis that has virtually paralyzed the Central American country.
The Ozone Laboratory from the University of Magallanes in Punta Arenas, extreme south of Chile has been recording the highest ultra violet indexes of the season and warned this week about exposure to sun light.
Gibraltar is participating this week at the World Travel Market (WTM) at the ExCel exhibition centre in London. For the first time Gibraltar’s stand will be located in the United Kingdom & Ireland hall of the event.
The gold rally resumed once more on Wednesday as prices rose more than 15 US dollars an ounce, spurred on by the US dollar’s seemingly endless decline, which continued as renewed optimism over the economic recovery led to dollar selling.
A study conducted by Chile's National Copper Commission (COCHILCO) reports that the country will most likely triple its gold production within the next five years.
The opening of new mines in Chile's north will take production from an annual level of 39 tons to nearly 110 tons, said the report.
This would make Chile one of the world’s 10 largest producers.
The United Kingdom and France launched on Wednesday, Armistice Day, the idea of the need to negotiate a world-wide Arms Trade Treaty. Foreign Secretary David Miliband and French Foreign Minister Bernard Kouchner wrote a joint article on the subject published in the Vatican newspaper L'Osservatore Romano.
The latest economic data from China suggests that industrial production grew year on year at a level faster than expected. Retail sales also rose by more than analysts had predicted, while consumer prices continued to fall.
Britain has offered to give up half of the land occupied by its sovereign military bases in Cyprus if the divided island's leaders can seal a reunification deal. In an attempt to show they are serious about supporting a solution to the protracted Cyprus problem, Britain has renewed an offer to cede about half the territory of its bases in Cyprus.