Economy

• Friday, December 23rd 2011 - 04:36 UTC

  UK Defence denies London press rumours of a Falklands military build-up

  

  After statements published by the English newspaper “The Daily Mail,” in which the former head of the Navy, Lord Alan West, said that a nuclear submarine should be sent to the Malvinas Islands, the United Kingdom assured it does not plan to increase the military presence in the Islands.

• Friday, December 23rd 2011 - 04:33 UTC

  HMS Illustrious ready to take over as on-call helicopter carrier from HMS Ocean

  

  As when she first joined the Fleet in 1982, HMS Illustrious has once again been formally welcomed into the bosom of the Royal Navy with a rededication ceremony at sea. The aircraft carrier held the ceremony as she returned from Hamburg - the ship's first visit to a foreign port in more than two years.

• Friday, December 23rd 2011 - 04:31 UTC

  Help thy neighbour: in the Falkland Islands charity begins at home

  

  The reception held on Wednesday at the Falkland Islands Government House to recognise the community work of Capt. Andrew Brownlee, who earlier this year in Buckingham Palace was awarded an MBE in the Queen’s birthday honours, and the announcements this week from two local charities that recent events had raised over £17,000 from within the community, highlight a tight-knit community where charity begins at home and people are more than willing to give up their time and contribute to helping their neighbour.

• Thursday, December 22nd 2011 - 21:02 UTC

  Hague and Almagro to discuss Falklands’ flagged vessels restrictions on Friday

  

  Britain’s Foreign Secretary William Hague and Uruguay’s Foreign Affairs minister Luis Almagro will discuss the Falklands/Malvinas flagged vessels issue on Friday according to a release from the British embassy in Montevideo

• Thursday, December 22nd 2011 - 20:59 UTC

  Uruguay Navy says there is no legal impediment for Falklands’ flagged vessels to operate in Montevideo

  

  A report from the Uruguayan Coast Guard argues there is no legislation impeding Falklands/Malvinas flagged vessels from operating in the port of Montevideo. The report was handed to the Uruguayan Ministry of Foreign Affairs which is drafting a protocol regarding what ships can and which can’t access Uruguayan ports.

• Thursday, December 22nd 2011 - 14:13 UTC

  Falkland Islands Councillors opt for continuity in portfolio responsibilities

  

  Following the election last week of two new members to the Legislative Assembly of the Falkland Islands, MLA Dr Barry Elsby and MLA Ian Hansen, councillors have favoured stability and continuity in the allocation of portfolio responsibility, with the newly elected councillors largely taking on the responsibilities left vacant by the resignation of former members, Emma Edwards and Bill Luxton.

• Thursday, December 22nd 2011 - 05:08 UTC

  Orthodox economists will manage the Spanish economy with Rajoy

  

  New Spanish Prime Minister Mariano Rajoy named on Wednesday a cabinet of mostly close advisers charged with reviving the sluggish economy while slashing spending to reassure investors the Euro zone's No. 4 economy can stay solvent.

• Thursday, December 22nd 2011 - 05:06 UTC

  Brazilian leading meat processors exchange assets to comply with anti-trust body

  

  Brazilian meat processors BRF Brasil Foods and Marfrig announced a deal on Thursday to trade assets, including a block of properties that Brazilian anti-trust body CADE mandated to be sold as part of the Sadia and Perdigao approval in July.

• Thursday, December 22nd 2011 - 05:01 UTC

  European Central bank supports financial sector with ultra-cheap € 490 billion

  

  Europe's banks borrowed nearly 490 billion Euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the Euro and stocks on hopes the funding will ease the two-year old debt crisis.

• Wednesday, December 21st 2011 - 17:24 UTC

  The Falklands are resourceful and will adapt to changing logistics say industry sources

  

  Reacting to the news this week that all Mercosur member countries had agreed to close their ports to ships flying the Falkland Islands flag, Cheryl Roberts, chair of the Falkland Islands Fishing Companies Association, stated that: “It is still too early to say exactly what the effect might be, whilst obviously disappointing we are now working to find solutions to minimise any potential impacts, both operational and economic, of the recent decision.