Stories for May 22nd 2011

Sunday, May 22nd 2011 - 23:54 UTC
Spain’s Mr Zara is buying one acre site in London’s West End for £ 220m

Spain’s Amancio Ortega, the co-founder and former chairman of retail giant Inditex, is splashing out on a 1 acre “island site” on London’s Oxford Street for around £220m according to Property Week.
Sunday, May 22nd 2011 - 23:41 UTC
Ukraine’s richest man pays highest price for London residence: £ 136.4 million

Ukraine’s richest man, Rinat Akhmetov, has paid the highest price for a UK residence, buying an apartment in the One Hyde Park development in Knightsbridge. Land Registry documents show that two properties on the seventh and eighth floor of the luxury development have been bought by a single buyer, the total consideration amounting to £136.4m.
Sunday, May 22nd 2011 - 23:31 UTC
Chile, Peru and Costa Rica join the Geneva based UN Human rights council

Chile, Peru and Costa Rica will be representing Latin America and the Caribbean in the UN Human Rights Council for the next three years, following a round of balloting among UN member states over the weekend.
Sunday, May 22nd 2011 - 23:06 UTC
Brazil’s Real will depreciate when the US and Europe raise interest rates

Dollar inflows into Brazil are returning to normal levels, and the Brazilian Real will start to depreciate once interest rates in the US and Europe start to rise, said Brazil Finance Minister Guido Mantega. He also anticipated tax reforms to boost Brazilian competitiveness.
Sunday, May 22nd 2011 - 22:59 UTC
Amazon tribe first contacted in 1986 has no abstract concept of time

Amazonian tribe has no abstract concept of time, say researchers. The Amondawa lacks the linguistic structures that relate time and space - as in our idea of, for example, “working through the night”.
Sunday, May 22nd 2011 - 22:46 UTC
Argentina and Peru main recipients of Chilean investments in services sector

Argentina and Peru are the top recipients of Chilean overseas investments in the service sector according to report released last week covering a two decade period from 1990 to 2010.
Sunday, May 22nd 2011 - 22:32 UTC
UK ends military operation in Iraq which was started in 2003

UK's military operation in Iraq will officially end midnight Sunday, the Ministry of Defence has confirmed. It comes after the Royal Navy completed its training of Iraqi sailors, with the last personnel leaving the country on Friday.
Sunday, May 22nd 2011 - 22:25 UTC
The HydroAysén project and why Chile’s old institutional order can’t cope with change

By José Aylwin - The Santiago Times Publisher Steve Anderson’s editorial note: There are many reasons for the ongoing Chilean national anguish about the US$7.5 billion HidroAysén dam in Patagonia and transmission line project.
Sunday, May 22nd 2011 - 22:16 UTC
Chile plans a museum in Antarctica to honour pioneers and attract tourism

The Magallanes regional authorities in Chile’s extreme south are planning to open a museum in the country’s Arturo Prat Antarctic base. Objects and images of Chile’s national presence on the continent will be on display.
Sunday, May 22nd 2011 - 13:26 UTC
Argentine economic activity expands 7.8% in March over a year ago

Economic activity in Argentina expanded 7.8% in March compared to the same month a year ago and 0.5% over February, according to the provisional percentages from the government’s National Statistics Institute, INE.