Stories for July 2012

Thursday, July 5th 2012 - 18:07 UTC
Drastic cut in UK Armed forces manpower preparing for “the Army of the future”

UK’s Defence Secretary Philip Hammond announced that 17 units are to be axed from the British army as part of sweeping reforms that will reduce its overall strength by 20.000 posts.
Thursday, July 5th 2012 - 08:21 UTC
Paraguay formally accuses Venezuela of interference and orders ambassador home

Paraguay's new government ordered home its ambassador in Venezuela after accusing President Hugo Chávez government of meddling in an attempt to avert the impeachment of the Paraguayan president last month.
Thursday, July 5th 2012 - 08:14 UTC
Roaring inflation: Argentine “double zero” peso bills are “legal tender”

An issue of Argentine 100 Pesos bills printed in Brazil and in circulation in Buenos Aires was discovered to be missing the “1” which left them with only the double 00.
Thursday, July 5th 2012 - 08:06 UTC
Paraguay's Destructive Soy Boom

By Jeremy Hobbs - The following column was published in The New York Times Opinion page.
It gives another side of the current situation in Paraguay, and the role the landlocked country plays as a leading exporter of the oilseed.
Thursday, July 5th 2012 - 07:58 UTC
Argentine government in campaign to defend achievements of “economic model”

Argentina’s Cabinet Chief Juan Manuel Abal Medina asked for “responsibility” to safeguard “the present and the future of the Argentines and urged people to preserve the achievements of the Government, as he answered questions of the administration during a visit to the Lower House on Wednesday.
Thursday, July 5th 2012 - 07:51 UTC
Argentina’s top 20 banks will have to lend for investment, says CFK

In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”
Thursday, July 5th 2012 - 07:47 UTC
Homes, offices and shops to be built at London’s iconic Battersea power station

A consortium led by Malaysia's SP Setia Bhd has bought London's iconic Battersea power station for 400 million pounds ($623 million) and will redevelop the site into homes, offices and shops, the agents managing the sale said.
Thursday, July 5th 2012 - 07:30 UTC
Falklands’ considering easing capital gains tax for oil and gas industry

The Falkland Islands government is considering tax legislation that will help to further promote the oil and gas industry activities by granting more time for the capital gains effective presentation.
Thursday, July 5th 2012 - 07:26 UTC
Falklands’ government confirms Grenadier licensed fishery

The Falkland Islands government will be setting a Grenadier licensed fishery on a test basis to assess the potential and evolution of the species. The decision was announced by the Falklands’ Executive Council after its latest monthly meeting and following the presentation of a paper with the proposition.
Thursday, July 5th 2012 - 07:17 UTC
Puricelli in China praises the Hong Kong model as a good precedent for Malvinas

Argentine Defence Minister Arturo Puricelli currently on a visit to Beijing underlined defence cooperation with China and said the “Hong Kong model” was a significant precedent for “the Malvinas cause”.