Stories for 2016

Friday, October 28th 2016 - 12:23 UTC
Renewable energy overtakes coal in electricity generation capacity; half a million solar panels installed every day

The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.
Thursday, October 27th 2016 - 09:22 UTC
Milestone for St Helena Airport: certification for aviation safety and security standards

A milestone for St Helena Airport was achieved on Wednesday 26 October 2016, with Air Safety Support International (ASSI) issuing a second Aerodrome Certificate to St Helena Airport - having been satisfied that the Airport infrastructure, aviation security measures and air traffic control service complies with international aviation safety and security standards.
Thursday, October 27th 2016 - 09:11 UTC
Russian Task Force passes through Gibraltar Strait; Spain denies refueling at Ceuta

Russia has withdrawn a request to refuel its warships in Ceuta, after Spain became the subject of international criticism, from the NATO secretary general among others. Spain had recently signed statements accusing Russia of war crimes in Syria, where it’s believed the ships are headed.
Thursday, October 27th 2016 - 08:57 UTC
Rajoy could become prime minister on Sunday but with a Spanish political system in disarray

Spain’s acting Prime Minister Mariano Rajoy accepted a mandate from King Felipe to seek parliament’s backing to form a new government and end over ten months of political deadlock, which is expected to happen on Sunday. The Socialist party agreed a last Sunday to abstain in the vote, allowing Rajoy to lead a minority government of his conservative Partido Popular.
Thursday, October 27th 2016 - 07:27 UTC
Falkland Islands youth football team tours Chile

A youth football squad from the Falkland Islands is currently touring Punta Arenas, competing in a week long tournament against teams from the local area. The Falkland Islands Youth football team is currently in Chile this week training and competing in a week-long tournament against local sides.
Thursday, October 27th 2016 - 04:21 UTC
Reshuffle in the Tata Group; selection committee to look for a new CEO

The board of Tata Sons, the holding company of the Tata Group, has unexpectedly replaced Cyrus Mistry as chairman. Ratan Tata has been named as interim chairman while a selection committee finds a permanent replacement.
Thursday, October 27th 2016 - 04:13 UTC
Chinese company moves to become a “global tourism business” as its citizens flock to travel overseas

Chinese Conglomerate HNA said it paid US$6.5bn for the stake previously owned by Hilton's biggest shareholder Blackstone. Chinese companies have increasingly been investing in tourism-related businesses overseas as more Chinese citizens travel abroad.
Thursday, October 27th 2016 - 03:29 UTC
Lowering interest rates in Brazil will be “moderate and gradual”, says Central bank

Inflation forecasts for the next couple of years point to limited room for monetary easing in Brazil, the central bank said on Tuesday, suggesting it is unlikely to accelerate the pace of interest rate cuts in its November policy meeting. In the minutes of its Oct. 19 meeting, in which it cut its benchmark Selic rate by 25 basis points to 14%, the bank also said it was worried about a recent pause in the slowdown of services price rises.
Thursday, October 27th 2016 - 01:42 UTC
Epic cheese glut in US; farmers dumping milk into lagoons

The United States is currently in the midst of an epic cheese glut — with 1.2 billion pounds of cheese sitting in cold storage. This in practical terms means every man, woman, and child would have to grab an extra three pounds chair. That’s over and above the 36 pounds of cheese per year the average American already eats.
Thursday, October 27th 2016 - 01:23 UTC
Tierra del Fuego PC assembly industry at risk if import tariffs (35%) are lowered

A new challenge for Tierra del Fuego province and its industrial promotion scheme: the Argentina government is planning to eliminate all tariffs on the import of computers and components beginning 2017, which is estimated could cost anywhere from 4.000 to 12.000 jobs.