Stories for February 24th 2018

Saturday, February 24th 2018 - 09:38 UTC
Falklands issues public consultation for the oil industry

The Falkland Islands Government, FIG, has issued a public consultation document covering the taxation regime for oil companies operating in the Falkland Islands and their associated supply chain partners. This consultation will be open until Friday 6 April 2018 for responses from interested parties, which will be summarized and fed into final policy and legislative design later during 2018.
Saturday, February 24th 2018 - 09:31 UTC
EU leaders agree to spend more on defense and security, and squabble over UK funding losses

EU leaders have agreed to spend more on common defense and security policy in their next long-term budget, said European Council President Donald Tusk. Leaders of 27 states were meeting in Brussels to shape the 2021-27 budget.
Saturday, February 24th 2018 - 09:24 UTC
Beijing cracks down on financial giant Anbang to protect rights and interests of consumers

Beijing has cracked down on insurance and financial giant Anbang, taking control of the conglomerate and prosecuting the firm's head. Wu Xiaohui, who was already detained by authorities last June, is to face prosecution for “economic crimes”.
Saturday, February 24th 2018 - 09:18 UTC
UN chief Guterres criticized for accepting Syria in Decolonization Committee top post

UN chief Antonio Guterres was criticized on Thursday by a watchdog group for failing to condemn Syria’s election to a committee charged with working towards decolonization. UN Watch called on US Ambassador Nikki Haley, and European ambassadors to condemn the world body for handing Bashar Assad’s regime what it called “a propaganda victory.”
Saturday, February 24th 2018 - 09:10 UTC
Drought hits Argentina's soybean and corn crop estimates: 10% and 12% down

The lack of rain triggered by the La Nina weather phenomenon has prompted the Rosario Exchange to cut its forecast of Argentina’s 2017/2018 corn and soybean crop by 12% and 10%, respectively, making it one of the most bearish analysts in the market.
Saturday, February 24th 2018 - 09:01 UTC
China, Spain, Taiwan, Japan and S Korea account for 85% global fishing efforts, says Science magazine

More than half of the world’s oceans are being commercially fished, spanning an area four times what is used for global agriculture, according to a new study published in the journal Science. The study is the first in-depth look at the global footprint of the industrial fishing industry.
Saturday, February 24th 2018 - 08:10 UTC
Falklands second commercial air link: “Flight route is done deal” believes Tim Miller

The following was published in the Penguin News, “Your Letters” section in response to the Falklands government last week’s release titled “Progress made towards establishing a second commercial Falkland Islands air link”
Saturday, February 24th 2018 - 07:54 UTC
UK's approach to next stage of negotiations bases on “pure illusion”, says Tusk

UK's approach to the next stage of Brexit negotiations seems to be based on “pure illusion”, Donald Tusk says. The European Council president told a news conference in Brussels that the UK was still trying to “cherry pick” its future relationship with the EU.