The Uruguayan government is trying to decide how to implement a controversial new tax on land holdings involving approximately 60 million dollars per annum and which has exposed deep differences in the ruling coalition, is rejected by farmers and feared by investors.
Falkland Oil & Gas confirmed on Wednesday drilling operations will begin in the first quarter of 2012 and revealed it is in early talks with firms interested in taking part in its exploration program south of the Falkland Islands. The company however anticipated it did not expect to conclude any farm-out agreement until later this year.
Antonio Palocci, who on Tuesday stepped down as President Dilma Rousseff’s chief of staff over questions about his personal finances, will be taking a seat at Petrobras Administration Council, confirmed Brazil’s oil giant president Sergio Gabrielli.
Oil rose for a third day in New York after OPEC failed to reach an agreement on production targets for the first time in at least 20 years and U.S. crude inventories fell more than analysts forecast.
Authorities in Uruguay say they have found about 600 dead penguins washed up on the Atlantic coast since Saturday. Experts are trying to determine what has killed the sea birds.
Citing dwindling stocks and only small production increases for the majority of crops, a new United Nations report released Wednesday world food prices are likely to remain high for the rest of this year and into 2012.
United Nations has declared that access to the Internet is the right of all human beings. Nations should not institute any laws that prevent its citizens from accessing the Internet, according to a recent document published by the UN Human Rights Council. The document is a report by Frank La Rue, United Nations Special Rapporteur on the Promotion and Protection of the Right to Freedom of Opinion and Expression.
Pressed hard by outraged farmers, the European Union farm chief on Wednesday increased his offer of compensation for the E. coli outbreak to Euro210 million.
United Nations Secretary General Ban Ki-moon today (Wednesday June 8) called on all governments and peoples to play their part to ensure that the world’s oceans are protected for future generations, warning that they face major threats in the years ahead.
The UK press reacted to the US President Obama administration support of an Argentine inspired Organization of American States, OAS, unanimous declaration on the Falklands/Malvinas question that calls for sovereignty negotiations.