Stories for February 27th 2012

Monday, February 27th 2012 - 20:05 UTC
Spain refuses to share recovered undersea booty with former American colonies

Spain rejected Peru's claim to a huge multimillion-dollar undersea treasure recovered from the wreckage of a galleon that had left from Montevideo port more than 200 years ago loaded with precious metals originally from the Peruvian highlands.
Monday, February 27th 2012 - 19:56 UTC
Repsol-Sinopec makes huge oil discovery off-shore Brazil: 250m boe

Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area and that boosted confidence that across in Africa, Angola's deepwater reserves may be abundant too.
Monday, February 27th 2012 - 17:39 UTC
China at turning point: current model is unsustainable says the World Bank

The World Bank has warned China’s government that it must relax its grip on industry and move towards a free-market economy.
Monday, February 27th 2012 - 17:35 UTC
Gibraltar and La Linea address common issues that “concern the real people”

Gibraltar Chief Minister Fabian Picardo received at Convent Palace neighbouring La Linea Mayor Gemma Araujo to review issues of mutual interest and concern, during a meeting followed by a press conference which was described as very positive.
Monday, February 27th 2012 - 17:29 UTC
Costa Allegra out of power adrift 200 miles from the Seychelles Islands

An Italian cruise ship with more than 1,000 people on board is without power in the Indian Ocean following a fire. The Costa Allegra is adrift more than 200 miles southwest of the Seychelles, near Alphonse Island.
Monday, February 27th 2012 - 17:25 UTC
South Georgia and South Sandwich Islands announce Marine Protected Area

UK Foreign Office Minister Henry Bellingham has welcomed the declaration of a Marine Protected Area (MPA) around the UK Overseas Territory of South Georgia & South Sandwich Islands.
Monday, February 27th 2012 - 16:41 UTC
Port of Ushuaia refuses entry of cruise vessels that visited the Falkland Islands

Argentina has banned two cruise ships from calling at Ushuaia in Tierra del Fuego after they visited the Falkland Islands, apparently based on recent provincial legislation, according to reports in the Ushuaia media.
Monday, February 27th 2012 - 12:12 UTC
Meryl Streep takes third Oscar portraying Lady Thatcher in “The Iron Lady”

Meryl Streep, who holds the record with 17 for the most Academy Award nominations by any actor, won the Oscar for best lead actress on Sunday for her portrayal of former British Prime Minister Margaret Thatcher in “The Iron Lady”, hero of the Falkland Islands.
Monday, February 27th 2012 - 04:55 UTC
Mujica admits trade relations with Argentina are “very complicated”

Uruguayan President José Mujica admitted trade relations with Argentina are “very complicated” because of the import restrictions implemented by the government of President Cristina Fernández and did not discard ‘mirror’ measures to counter
Monday, February 27th 2012 - 04:52 UTC
Colombia’s FARC promises to release hostages and end economic kidnapping

Colombia's feared FARC rebel group said it would abandon its decades-long policy of economic kidnapping and free all military and police hostages it holds in jungle camps, another sign the drug-funded Marxist inspired insurgents may want peace.