Stories for 13th 2015

Tuesday, October 6th 2015 - 10:42 UTC
Rio 2016 Olympic Games budget drastically cut

The organisers of the Rio 2016 Olympic and Paralympic Games are making cutbacks of up to 30% to avoid going over the $3.6bn dollars budget. Rio 2016 communications director Mario Andrada said the Brazilian public would not tolerate an overspend.
Tuesday, October 6th 2015 - 10:40 UTC
Ecuadorian international desperate to play regularly

On Friday Ecuador kick-off their 2018 World Cup qualifying campaign with a tough game against Argentina in Buenos Aires, and 24 year old RENATO IBARRA is hoping that he will be selected to play from the very beginning of the game and not have to sit on the bench as a substitute which has been his fate for sometime now.
Tuesday, October 6th 2015 - 10:17 UTC
BP agrees to pay 20bn dollars to settle claims with Gulf of Mexico 2010 oil spill

Oil giant BP has agreed to pay $20bn to settle claims with the US stemming from the company's Deepwater Horizon oil spill. An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers.
Tuesday, October 6th 2015 - 09:56 UTC
OECD has proposals to cut corporate tax minimization; but much skepticism

Companies should pay tax in the countries where they conduct business under new proposals intended to cut corporate tax minimization. An OECD/G20 report found laws allowing companies to shift profits to low-tax jurisdictions means that between $100bn and $240bn is lost annually. That equates to between 4% and 10% of global corporate tax revenues.
Tuesday, October 6th 2015 - 09:14 UTC
Falklands' stand visited by Foreign Secretary Hammond and MP Rosindell

Foreign Secretary Philip Hammond, MP Andrew Rosindel and Charles Tannock MEP, were among several personalities that visited the Falkland Islands stand at the Conservative Conference which is taking place in Manchester. He was met by Falklands lawmakers Jan Cheek and Roger Edwards, and Sukey Cameron, head of FIGO, Falklands' government office in London.
Tuesday, October 6th 2015 - 09:04 UTC
Nobel in medicine for creating natural drugs to combat parasites; China's first prize

Nobel prize in medicine went Monday to three scientists hailed as “heroes in the truest sense of the word” for saving millions of lives with the creation of the world's leading malaria-fighting drug and another that has nearly wiped out two devastating tropical diseases.
Tuesday, October 6th 2015 - 08:39 UTC
“Malvinas Hall” in Comodoro Rivadavia recalls Air Force strikes command against UK Task Force

The room in Comodoro Rivadavia from where the Argentine Air Force command operated its attacks on the Falkland Islands during the 1982 conflict has been renamed 'Malvinas Hall', and has been declared part of the city's heritage, a place where students and visitors can recall “the ever present Argentine claim over the Malvinas Islands, and the heroism of its pilots”.
Tuesday, October 6th 2015 - 08:20 UTC
Ushuaia expects this cruise season 336 vessel calls and over 100.000 visitors

Tierra del Fuego Tourism Institute (Infuetur), in extreme south Argentina, is expecting 25% more cruise visitors this 2015/16 season, most probably breaking the 100.000 milestone, with 336 calls involving 47 cruise vessels. The estimate is 112.170 passengers by April 2016, of which 79.486 non Antarctic and 36.684 Antarctic visitors.
Tuesday, October 6th 2015 - 08:11 UTC
Brazil's GDP expected to contract 2.85% this year, says central bank survey

Economists again cut their outlook for Brazil's economic performance for this year, as consumer and business confidence continue at historic low levels. Brazil's GDP is expected to contract 2.85% this year, according to a weekly central-bank survey of 100 economists, compared with expectations last week for a contraction of 2.80%.
Tuesday, October 6th 2015 - 07:54 UTC
UK announces retail sale of £2 billion worth of shares in Lloyds Banking Group

The British government said on Monday it plans to sell at least £2 billion ($3.04 billion) worth of shares in Lloyds Banking Group PLC to the general public at a discount next spring as part of a broader move to cash out its stake in the bailed-out lender.