International

• Wednesday, July 30th 2014 - 15:15 UTC

  “Spain's association can deny Gibraltar the opportunity of progress in football”

  

  A former coach of Real Madrid has criticized the political motivation behind the Spanish Football Association and Government’s decision to block Gibraltar’s participation in UEFA. Manuel Ruiz Pérez, who worked under Bernhard Schuster during his time at Real Madrid, said that nothing good come out of mixing politics with football.

• Wednesday, July 30th 2014 - 08:01 UTC

  Japan's PM Abe at CARICOM summit pledges development support

  

  Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.

• Wednesday, July 30th 2014 - 07:45 UTC

  UK and US fine Lloyds group £218m for manipulating the Libor rate

  

  Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.

• Wednesday, July 30th 2014 - 07:23 UTC

  IMF warning on interest rates and Russian crisis for some EU banks

  

  Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

• Wednesday, July 30th 2014 - 01:34 UTC

  UK to encourage extraction of natural gas and oil from shale rock to help with declining production

  

  The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.

• Tuesday, July 29th 2014 - 21:31 UTC

  Falkland Islands nominated finalists in the Travel Agents Choice Award

  

  The Falkland Islands have been nominated and are finalists in the Travel Agents Choice Awards sponsored by “Selling Travel Magazine” in the UK. (Previously known as Selling Long Haul Magazine), announced the Falkland Islands Tourism Board. The Falkland Islands have been nominated for “Best Destination for Wildlife and Nature”.

• Tuesday, July 29th 2014 - 06:39 UTC

  Falkland Islands Holdings announces expanded Share Incentive Plan for its staff

  

  The Falkland Islands Company has announced the expansion of its tax efficient share plan (Share Incentive Plan or SIP) which is open to all its 180 full time employees. The company believes in share ownership by staff and the public company status of its parent company, Falkland Islands Holdings plc (FIH), allows local staff to benefit from this in a meaningful way.

• Tuesday, July 29th 2014 - 06:19 UTC

  IATA claims from Venezuela the 4.1 billion dollars owed to airlines

  

  The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.

• Tuesday, July 29th 2014 - 05:53 UTC

  Brussels says it found 'no breach of EU environmental laws' in activities carried out by Gibraltar

  

  The European Commission has informed the British Government that it has found no breach of EU environmental laws in the activities carried out by the Gibraltar Government including bunkering activities, the Eastside or Sovereign Bay project and, in particular, the Artificial Reef System in North-West British Gibraltar Territorial Waters.

• Tuesday, July 29th 2014 - 05:43 UTC

  Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

  

  A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.