Stories for May 2012

Monday, May 21st 2012 - 01:13 UTC
Oil and gas in Antarctica: El Dorado complex, according to British scientist

The prospect of finding oil in Antarctica was discussed at an event in Aberdeen, Scotland last week. Professor David Macdonald from the University of Aberdeen’s School of Geosciences examined the fact and fiction surrounding claims that oil and gas reserves could exist in this area.
Monday, May 21st 2012 - 01:03 UTC
UK ‘hunter-killer’ nuclear-powered submarine en route to Falklands, says The Sun

British nuke submarine HMS Talent was dispatched this week end to the Falkland Islands “with Tomahawk warheads” on what could be a warning signal to Argentina, according to UK sensationalist tabloid The Sun.
Monday, May 21st 2012 - 00:06 UTC
Vulcan flypast at Falklands’ memorial in the Arboretum at Staffordshire

A Vulcan bomber which launched air raids on Stanley Airport thirty years ago has flown over the peaceful countryside of central England to mark the dedication of a new Falklands Memorial to the 255 British servicemen and three women Islanders killed in the conflict.
Sunday, May 20th 2012 - 22:28 UTC
SS Britain “floated” on a sea of neon-green jelly for UK Museum at Night season

The SS Great Britain that in the seventies was recovered from the Falkland Islands and is currently moored in Bristol has been “floated” in a sea of neon-green jelly as part of a cultural festival.
Sunday, May 20th 2012 - 22:24 UTC
Repsol working with a Chinese rig drills dry well off the coast of Cuba

Spanish oil company Repsol has announced a first attempt to find oil in Cuban waters has failed. Repsol spokesman Kristian Rix said an exploratory well it drilled some 50km off Cuba was unsuccessful and would be abandoned.
Sunday, May 20th 2012 - 22:20 UTC
Obama, , Hollande and Monti push for growth and debt reduction at G8 summit

President Barack Obama pledged at the G8 summit on Saturday to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening Euro zone crisis from destabilizing the global economy.
Sunday, May 20th 2012 - 22:18 UTC
Rousseff receives apology and compensation for tortures suffered when she was a guerrilla

President Dilma Rousseff will receive 10,000 US dollars in reparations from Rio do Janeiro state for torture she was subjected to while jailed as a leftist guerrilla during Brazil's 1964-1985 military dictatorship, her office said Friday.
Sunday, May 20th 2012 - 22:15 UTC
Armed Forces parade at Windsor Castle to mark Queen Elizabeth II Diamond Jubilee

Queen Elizabeth II watched as thousands of Royal Navy, Army and Royal Air Force troops paraded outside her Windsor Castle home Saturday to mark her Diamond Jubilee.
Saturday, May 19th 2012 - 14:21 UTC
Argentine activity expands 4% in March but continues steady deceleration

Argentina's economic activity slowed in March to 4% year-on-year continuing a steady deceleration from the China-like rates seen through October, government data showed on Friday.
Friday, May 18th 2012 - 23:03 UTC
World’s 29 biggest banks need to raise 566bn dollars of common equity by 2019

The world’s biggest banks may have to raise about 566 billion dollars of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, according to analysts at Fitch Ratings.