International

• Tuesday, August 27th 2013 - 21:55 UTC

  China and emerging economies call on the Fed for prudence in unwinding stimulus

  

  The US Federal Reserve must consider when and how fast it unwinds its economic stimulus to avoid harming emerging market economies, senior Chinese officials said on Tuesday. Financial markets are uneasy because the US Fed might decide to reduce its monthly bond buying when it meets on Sept 17 and 18.

• Tuesday, August 27th 2013 - 21:46 UTC

  UK tourism profits hit by soaring costs and fierce competition

  

  The unexpected warm summer boosted trading at Britain’s hotels, pubs and restaurants as holiday makers took advantage of the soaring temperatures, a new report shows. But profits were hit due to the double whammy of rising raw materials costs and fierce competition that kept prices low, says the CBI’s quarterly service sector survey.

• Tuesday, August 27th 2013 - 21:39 UTC

  Arab tourists spend £1.3 billion in London

  

  Initial estimates on foreign tourist purchases in London during this summer season are estimated to be worth £4 billion. Official statistics have not yet been disclosed. The contribution of Arab citizens to this figure is estimated to be worth £1.3 billion, says the British Commercial Association.

• Tuesday, August 27th 2013 - 21:24 UTC

  Time for investors to hunker down: ‘markets look terrible’

  

  It's time to step out from my 'normal' role as the 'energy expert' and make a comment or two on the markets in general, just as a professional trader who's seen quite a bit in his almost 3 decades of daily experience with capital markets and the way they act. Patterns emerge that aren't foolproof, but they've served well over the years and they are making some very visceral noises to me, even observing the action at longer range on vacation.

• Tuesday, August 27th 2013 - 02:36 UTC

  International tourist arrivals grew 5% in the first half, according to WTO

  

  International tourist arrivals grew by 5% during the first half of 2013 compared to the same period of 2012, reaching almost 500 million, according to data just released by the United Nations World Tourism Organization. Growth was above the projection made at the beginning of the year (+3% to +4%) and is also exceeding the trend of the UNWTO long-term outlook Tourism Towards 2030 (+3.8% a year).

• Tuesday, August 27th 2013 - 01:39 UTC

  Paraguayan president plans round of visits to Mercosur neighbours

  

  Paraguayan president Horacio Cartes will be making a round of visits to neighbouring countries beginning with Argentina, which will be followed by Brazil, Uruguay and Chile before the end of the year, revealed foreign ministry sources.

• Tuesday, August 27th 2013 - 01:05 UTC

  EU will decide if cement blocks dumped in Gibraltar Bay is an environmental crime

  

  Brussels will determine whether the 70 cement blocks dumped in the Gibraltar bay are legal or not, according to the European Union spokesperson Olivier Bailly who anticipated an EC fact finding mission can be expected next month to visit the controversy area.

• Monday, August 26th 2013 - 04:10 UTC

  HMS Argyll sails across the Panama Canal on the last leg of her deployment

  

  South Atlantic patrol HMS Argyll is coming to the end of her seven month deployment and next month is expected back in Davenport. Last week the Type 23 frigate crossed the 80 kilometre Panama Caal sailing two seas in one day, after finishing an intense period of counter-narcotics operation in the Eastern Pacific.

• Monday, August 26th 2013 - 03:25 UTC

  Falkland's Falklands’ lawmakers to Commonwealth Parliamentary conference in South Africa

  

  Falkland Islands lawmakers, MLA Roger Edwards and MLA Barry Elsby are travelling to South Africa to attend the 59th Commonwealth Parliamentary conference and associated events to be held between 28 August and 6 September

• Monday, August 26th 2013 - 03:21 UTC

  Spain conditions talks with UK to removal of cement blocks from Gibraltar bay

  

  Spain will only discuss about fisheries with the UK after the blocks dumped into the Gibraltar bay have been removed, said foreign minister Jose Manuel Garcia-Margallo in a Sunday interview with the right wing newspaper La Razon.