
SOUTH Georgia has been marked as the third highest scoring fishery in the world in terms of good management.

Venezuelan President Hugo Chavez announced Wednesday that China will invest 16 billion US dollars to boost oil production in the country particularly along the Orinoco River, as part of a strategy to reduce dependence on the US market.

The Organisation for Economic Co-operation and Development (OECD) says the global recession could cost 25 million people their jobs. This is despite recent signs that economies of its 30 member countries may be starting to recover.

World Trade Organization Director General Pascal Lamy expressed concern Wednesday about the latest move from the US President Obama administration to restrict imports of Chinese-made tires.

British unions and employers have reacted with alarm after unemployment surged to a 14-year high prompting fresh calls for Government help for the growing army of jobless. The total now stands at 2.47 million following a 210,000 rise in the three months to July.

Argentina formally accepted Wednesday apologies from the Spanish government which admitted having committed a “protocol error” on allowing the presence of a delegation from the Falkland Islands in an international fisheries sustainability conference, reports Efe, the Spanish government news agency quoting the head of Argentina’s Fisheries Department Norberto Yauhar.

FALKLANDS delegates at an important fisheries conference in Spain were infuriated this morning by an Argentine protest against their participation. The First World Summit on Fishing Sustainability is taking place in Baiona, Pontevedra.

Brazilian President Lula da Silva has heavily criticised the rich countries, the G8 and other international bodies over the global economic crisis.

A United Kingdom public opinion poll has suggested nearly half of voters believe any Labour figure could do a better job as leader than Prime Minister Gordon Brown. According to a Populus survey for The Times, 48% think that literally anyone from within the party would be an improvement.

Households and businesses will be hit by the recession for some time despite recent signs of growth, Bank of England Governor Mervyn King has warned. Mr King said the impact of dampened demand and soaring unemployment would linger long after the ailing UK economy began its slow recovery from the worst slump in almost 30 years.