Stories for December 5th 2014

Friday, December 5th 2014 - 23:56 UTC
UK ambassador underscores shared values and qualities of Royal and Chilean navies

UK ambassador in Chile Fiona Clouder underlined the values and qualities of the Royal Navy and Chilean Navy during a reception on HMS Dragon, which called at Valparaíso for the week long Exponaval 2014, considered the most important naval, maritime and ports' exhibition in the southern hemisphere.
Friday, December 5th 2014 - 23:41 UTC
Top Gear incident in Argentina: “Foreign Office did not incur in any additional assistance costs”

The Foreign Office did not incur any costs in providing assistance to the BBC Top Gear team which was recently in an Argentine tour and was forced to leave the country under protection, following alleged disrespectful references to the 1982 Falklands war by the team.
Friday, December 5th 2014 - 07:16 UTC
Falklands' World War I and naval battles' centenary commemorations

Falklands have prepared a week's agenda of activities on the centenary commemoration of the Falkland Islands naval battle and the Islands contribution to the Great War, which will extend from this Friday until 12 December.
Friday, December 5th 2014 - 07:01 UTC
Falklands interested in training oil industry manpower with support from Trinidad and Tobago

Four senior oil industry business and training executives are in the Falkland Islands promoting Trinidad and Tobago’s oil industry training services. Preparing staff for the oil industry is crucial if benefits are to be injected to the local economy in the form of jobs and knowhow.
Friday, December 5th 2014 - 06:50 UTC
Could falling oil prices spark a financial crisis?

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.
Friday, December 5th 2014 - 06:45 UTC
Bank of England leaves rates unchanged but deflation fears persist

UK interest rates have been held at a record low of 0.5% for another month by the Bank of England. It also decided to maintain its quantitative easing program, designed to stimulate lending in the economy, at the £375bn already spent.
Friday, December 5th 2014 - 06:34 UTC
South Atlantic patrol HMS Iron Duke pays humanitarian visit to Haiti

HMS Iron Duke has paid an historic visit to Haiti, the first British naval vessel to the island nation since RFA Largs Bay delivered earthquake aid in 2010. Iron Duke is now reaching the end of her six month deployment of the South Atlantic and marked her entry into the Port of Cap Haitien with a 21 gun salute.
Friday, December 5th 2014 - 06:19 UTC
Latin America 'unfortunately' has a very low participation in global trade

Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.
Friday, December 5th 2014 - 06:14 UTC
ECB steps up plans for more stimulus measures to revitalize Euro-economy

The European Central Bank (ECB) has “stepped up” plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.
Friday, December 5th 2014 - 06:01 UTC
HMS Dragon in Chile; Argentine media recalls Mercosur ban on RN vessels

Argentine media is reporting that HMS Dragon, Type 45 destroyer and one of the most modern vessels in the Royal Navy is currently in Valparaiso, Chile attending the Exponaval 2014, one of the main naval and maritime exhibition events in the Southern hemisphere.