Stories for February 11th 2014

Tuesday, February 11th 2014 - 23:59 UTC
First Sea Lord warns the Royal Navy faces “the fight of our generation”

Britain must commit to operating both its new aircraft carriers and replacing its nuclear deterrent if it is to remain a first division military power, the head of the Royal Navy has warned. Admiral Sir George Zambellas, the First Sea Lord, said the service faced “the fight of our generation” if it was to remain a credible force in the years ahead.
Tuesday, February 11th 2014 - 23:53 UTC
Yellen confirms Bernanke approach: labor market recovery “far from complete”

Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.”
Tuesday, February 11th 2014 - 23:44 UTC
“It is not clear where the Argentine government is heading or who is in charge”

It is not clear where the government commanded by Argentine president Cristina Fernández is heading to, Economy Minister of neighboring Uruguay Mario Bergara affirmed saying the economic ups and downs in Argentina have deeply impacted on Uruguayan exports, tourism and real estate activities.
Tuesday, February 11th 2014 - 08:48 UTC
Argentine fisheries exports recovered in 2013 with an increase in volume and value

Argentina fisheries exports reached 1.495 billion dollars last year which represents an 11.3% increase in value and 14.9% in volume compared to 2012, according to a report from the private consultant Investigaciones Economicas Sectoriales, IES. Squid played a leading role by doubling catches in 2013 with an extended season.
Tuesday, February 11th 2014 - 08:38 UTC
Paraguay and Venezuela to discuss Mercosur summit delays and oil

Mercosur summit delays and oil are two of the main issues the Paraguayan foreign minister Eladio Loizaga will address with his Venezuelan peer Elias Jaua, when he travels on Thursday to Caracas. Formally the event is a diplomatic reciprocity for Jaua's visit to Paraguay last 9 October, when the two countries re-established full relations.
Tuesday, February 11th 2014 - 08:33 UTC
UK immigration minister resigns over major gaffe: employment of foreign cleaner

Britain’s immigration minister has resigned over the illegal employment of a foreign cleaner, a major gaffe given the UK government’s clampdown on immigration of all kinds.
Tuesday, February 11th 2014 - 08:18 UTC
Subsidies in the Argentine economy totaled an estimated 4.9% of GDP in 2013

Economic subsidies for Argentine public and private companies last year totaled an estimated 143 billion pesos, or 4.9% of GDP, the highest level in eight years, according to a joint report by the Professional Council of Economic Sciences (CPCE) and the Argentine Institute of Fiscal Analysis (IARAF) released this week, and which was summarized by the Buenos Aires Herald.
Tuesday, February 11th 2014 - 08:11 UTC
Decolonization of Gibraltar can only be settled by UN decision, argues Spain

Spain believes negotiation with Britain is the only realistic avenue for a resolution of the claim it makes over Gibraltar and its waters and that only by a decision of the United Nations can decolonization of the Rock be settled.
Tuesday, February 11th 2014 - 08:04 UTC
Jaguar Land Rover profits soar on sales of XJ and XF models and Range Rover

Profits at luxury car maker Jaguar Land Rover (JLR) more than doubled in the last three months of 2013. The UK company made profits of £842m, up from £404m for the same quarter in 2012, on revenues of £5.3bn.
Tuesday, February 11th 2014 - 07:53 UTC
Paraguay concerned with Argentine plans to move nuclear facilities to border area

Paraguay has instructed its ambassador in Buenos Aires to collect information on Argentina's plans to set up an uranium processing plant in the northern province of Formosa, neighboring with the land-locked country.