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Montevideo, November 21st 2024 - 21:25 UTC

Stories for October 13th 2016

  • Thursday, October 13th 2016 - 21:11 UTC

    Travelers shocked at UK airports: £=€ 99 cents; Lord King says “weak pound is positive”

    Lord King said that for the UK slowing down economy “the fall in sterling is a welcome change”

    Many travelers buying foreign currency at the UK's airports are now receiving less than one Euro to the pound, reports the BBC. The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound. The worst rate is currently 88 Euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.

  • Thursday, October 13th 2016 - 14:52 UTC

    Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

    The economies of South America, which specialize in primary goods —particularly oil, minerals and foods— will post average growth of 1.1% in 2017

    The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.

  • Thursday, October 13th 2016 - 14:47 UTC

    Wells Fargo bank accounts' scandal leads to a major reshuffle

    Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56. (Pic AP)

    Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank's reputation and put Wall Street under renewed scrutiny. San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56.

  • Thursday, October 13th 2016 - 10:19 UTC

    WHO proposes taxing sugary drinks to reduce obesity, diabetes and tooth decay

    “If governments tax products like sugary drinks, they can cut healthcare costs and increase revenues to invest in health services”, said Dr, Douglas Bettcher

    Taxing sugary drinks can lower consumption and reduce obesity, type 2 diabetes and tooth decay, says a new WHO report. Fiscal policies that lead to at least a 20% increase in the retail price of sugary drinks would result in proportional reductions in consumption of such products, according to the report titled “Fiscal policies for Diet and Prevention of No communicable Diseases (NCDs)”.

  • Thursday, October 13th 2016 - 10:13 UTC

    Petrobras no longer an arm of government to control inflation, pledges CEO

    Petrobras, which hasn’t adjusted gasoline and diesel prices for more than a year, will set prices at or above parity with international levels, Parente said

    Petrobras is reading to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. For years fuel prices were manipulated as part of the government's policy to keep inflation under control.

  • Thursday, October 13th 2016 - 10:05 UTC

    Ushuaia celebrates 132th anniversary with a jumbo paella for 12.000 people

    Huge pans were distributed in downtown and paella portions distributed among attendants following the end of the parade

    Ushuaia in the extreme south of Argentina and capital of Tierra del Fuego province celebrated on 12 October the 132th anniversary of its foundation with several activities including a jumbo popular paella for 12.000 people. The gastronomic display was sponsored by city authorities and New San, a maquila group which assembles electronic products in Tierra del Fuego under a promotion system implemented by Buenos Aires.

  • Thursday, October 13th 2016 - 09:41 UTC

    Gibraltar attends SNP conference in Glasgow: shares Brexit concerns

    Gibraltar Deputy Chief Minister Dr. Garcia will take the opportunity to discuss the on-going political situation in relation to “Brexit” in one-to-one meetings

    Gibraltar's Deputy Chief Minister Dr Joseph Garcia is in Scotland to attend the conference of the Scottish National Party (SNP). The event opened in Glasgow on Wednesday and this is the first time that Gibraltar will have an exhibition stand. It is also the first time that the Gibraltar Government will host an official reception.

  • Thursday, October 13th 2016 - 09:28 UTC

    St Helena airport scheduled to receive 80 pax Avro RJ100 to be delivered in Chile

    The Avro RJ100 ((picture) is scheduled to land in St Helena airport on Friday 21 October 2016.

    Planning is underway for an Avro RJ100 jet aircraft, operated by Tronos Jet Maintenance and flown by Atlantic Star Airlines, with final destination Chile, to fly to Ascension Island, followed by a call at St Helena Airport on the same day. Both are technical stops, and the crew will overnight on St Helena.

  • Thursday, October 13th 2016 - 07:59 UTC

    Falklands' new Chief Executive has 30 years experience in England's public sector

    Falkland Islands Government has announced the arrival of the new Chief Executive for the Falkland Islands, Mr. Barry Rowland. He comes to the Islands from the North of England and brings over 30 years’ experience in the public sector, with 15 years of those being in a number of corporate roles with senior leadership responsibilities.