Stories for May 2017

Friday, May 5th 2017 - 10:32 UTC
Goldman Sachs warns Brexit could stall London's dominant financial position

The chief executive of Goldman Sachs has warned that Brexit could see international banks reducing their footprint in Britain, and signaled the US firm has contingency plans in place to move staff out of the UK and into the EU.
Friday, May 5th 2017 - 08:30 UTC
Falklands oil exploration: Maersk denies in Argentine court any involvement since 2011

Danish shipping company Maersk has denied involvement in any offshore exploration/exploitation activities in the Falkland Islands, since specific legislation was passed by the Argentine congress. The Argentine Chamber of Tugs accused the Danish company of violating legislation referred to oil industry operations in the disputed South Atlantic Islands.
Friday, May 5th 2017 - 08:14 UTC
Prince Philip, 95, steps down from royal duties

The Prince Philip, the Duke of Edinburgh, who will turn 96 next month, will step down from public life this fall, Buckingham Palace announced on Thursday. He will continue to carry out public engagements between now and August, according to a statement released by Buckingham Palace.
Friday, May 5th 2017 - 08:00 UTC
Gibraltar reacts to Spain's neo-colonial ambitions taking advantage of Brexit

Gibraltar Chief Minister has reacted to the Spanish Foreign Ministry's Brexit document planning changes to the Rock’s economic status, saying that as usual, the welfare of its own people hasn't got in the way of Spain's neo-colonial ambitions over Gibraltar.
Friday, May 5th 2017 - 07:47 UTC
Falklands discusses Brexit impact on environmental funding with UKOTs

The consequences of the UK leaving the European Union on environmental funding of UK Overseas Territories (UKOTs) which includes the Falklands, was the subject of a meeting in Aldernay between representatives of 11 territories last week.
Friday, May 5th 2017 - 07:23 UTC
Falklands' lawmaker underlines “visas are our business”

”Visas are a matter for the Falkland Islands Government to determine,” confirmed Member of Legislative Assembly Mike Summers this week.Reacting to a story in last Friday’s Penguin News the Argentine Foreign Minister Susana Malcorra claimed in the Argentine press it was not for the Islanders but the UK government to make decisions over visas.
Friday, May 5th 2017 - 06:57 UTC
Falklands' cruise season totaled 55.633; expedition ships market expands 17.2%

The Falkland Islands cruise season came to a close last month with 55,633 passenger arrivals visiting the Islands, only slightly fewer than the 56,476 who visited the previous season, reports this week's edition of Penguin News.
Thursday, May 4th 2017 - 13:01 UTC
EU and US agree to Maersk Line acquiring Germany's Hamburg Sud, expert in South America

Container shipping company Maersk Line will pay EUR 3.7 billion for its acquisition of smaller German rival Hamburg Sud, including all subsidiaries and associated shipping companies. The boards of Maersk Line and the Oetker Group, owner of Hamburg Sud, approved the proposed deal, which has been given the green light by the European Commission and the US Department of Justice.
Thursday, May 4th 2017 - 07:56 UTC
Press Freedom Day: In 'post truth' era, leaders must defend objective, independent media

In a “post-truth” world with “fake news” on the rise, and media accountability and credibility falling under question, free, independent and professional journalism has never been more important, the United Nations today said.
Thursday, May 4th 2017 - 07:12 UTC
Venezuela situation escalates in violence and hatred with no rational solution on sight

Street protests in Venezuela claimed at least two more fatalities on Wednesday, bringing the total number of people killed to more than 30 in several weeks of unrest. Thousands of Venezuelans took to the streets as president Nicolas Maduro began the process of overhauling the country's constitution -- a move that has raised the stakes in a bitter standoff between Maduro's government and a growing opposition.