The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.
Several major environmental groups, including Greenpeace and WWF, have walked out of UN climate talks in Warsaw, Poland in protest at what they see as a lack of progress towards an international deal to curb rising global greenhouse gas emissions.
A Falkland Islands delegation made up of two members of the Legislative Assembly, Roger Edwards and Ian Hansen will be attending the second annual Overseas Territories Joint Ministerial Conference (JMC) in London next week. The Falkland Islands’ delegation will also include HE the Governor Nigel Haywood, Jamie Fotheringham (Head of Policy), and Sukey Cameron (Representative in UK).
British MPs from across the political spectrum sent “an extremely powerful message” to the Spanish Government voicing anger at its treatment of Gibraltar and its people. Parliamentarians from all the major British political parties spoke in unison to decry Spanish belligerence toward the Rock during a 40-minute emergency session in the House of Commons.
One of the Falklands leading Seafood Companies, Fortuna, has invested in a pilot brown trout farm facility in the Falkland Islands. The project is lead by Simon Hardcastle, a Falkland Islander with experience of fish farming both in Scotland and in earlier projects in the Islands.
For Mercosur it is absolutely crucial that the trade and cooperation agreement with the European Union becomes effective said Uruguayan Vice-president Danilo Astori who indicated that Brazil and Uruguay are advancing the agreement at a faster speed than Argentina, which is involved in a more protectionist focus.
As Canadian energy stocks are finally seeing a bit of a push, and demand for Canadian commodities looks set to rise, juniors are confident that economics will ensure that Canadian oil—the cheapest in the world—will find its way to more markets, with or without Washington's approval of Keystone XL.
The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.
Spain’s Minister for European Affairs Iñigo Méndez de Vigo has said Madrid will maintain strict controls at the border. Speaking with the media in Brussels the minister said that the European Commission had endorsed the action it has being taking as in line with EU norms.
The UK is in a sustained recovery and does not face major inflation risks, Bank of England policymakers have said. Minutes from the Monetary Policy Committee's November meeting showed the nine members all voted to leave interest rates at 0.5%.