International

Friday, October 23rd 2009 - 12:11 UTC
Botnia pulp mill in Uruguay transferred to world leading group UPM

Uruguay’s Botnia pulp mill in Fray Bentos and the eucalyptus plantation forestry company Forestal Oriental Uruguay have been transferred to UPM which is one of the world’s leading forest industry groups.
Thursday, October 22nd 2009 - 08:20 UTC
US dollar slumps to its lowest in 14 months against the Euro, 1.50

The US dollar slumped Wednesday, with the Euro rising above 1.50 for the first time in 14 months, as optimism about the global economic recovery boosted demand for higher yielding currencies.
Thursday, October 22nd 2009 - 08:15 UTC
UK’s second biggest airport, Gatwick sold to US investment fund

Britain's second-biggest airport will have new owners within weeks following a £1.51 billion deal with a US-based investment fund. Gatwick's current operator BAA, heavily criticised for its stewardship of the West Sussex airport, said it had reached an agreement with Global Infrastructure Partners (GIP).
Thursday, October 22nd 2009 - 01:37 UTC
Gibraltar in OECD/G 20 offshore banking “white list”

Following the signing of Tax Information Exchange Agreements earlier this week with Finland, Greenland and Faroe Islands, Gibraltar has now signed 13 such agreements, and has accordingly been transferred by the OECD on to the so called ‘White List’, Gibraltar Government has announced.
Thursday, October 22nd 2009 - 00:14 UTC
FAO working to recover fisheries in world’s second largest mountain lake

FAO is implementing a trust fund project to improve fisheries and aquaculture management in the Asian Kyrgyz Republic which aims to increase the capacity of the fisheries sector to generate food, employment and income for the rural population in an environmentally sustainable manner.
Wednesday, October 21st 2009 - 22:38 UTC
UK Home Secretary admits 40.000 rejected migrants are “missing”

Ministers have lost track of around 40,000 migrants with no right to be in Britain, it has been revealed. The Home Office admitted the illegal immigrants should have left the country more than six years ago but could still be here.
Wednesday, October 21st 2009 - 12:43 UTC
The world on wheels: China reports record sales of cars

Chinese annual car production has topped 10 million for the first time as carmakers boost output to meet growing demand, state media has said. The 10 millionth car produced this year rolled off the First Automobile Works Group assembly line in Changchun, the official Xinhua News Agency reported.
In September sales soared 78% compared to a year ago totalling 1.33 million units.
Wednesday, October 21st 2009 - 10:32 UTC
FAO provides satellite high-resolution data to combat deforestation

The UN Food and Agriculture organization, FAO, and other partners have made available a worldwide, free and ready-to-use high-resolution satellite data with the purpose of monitoring forests and help reduce emissions from deforestation and forest degradation.
Wednesday, October 21st 2009 - 10:28 UTC
Bank of England governor attacks banking industry failure to reform

Bank of England Governor Mervyn King has launched an attack on the banking industry's failure to reform despite “breathtaking” levels of taxpayer support. The Governor warned the public would be paying for the financial crisis “for a generation”.
Wednesday, October 21st 2009 - 06:24 UTC
Gibraltar rapidly complying with G20 criteria on offshore business

British leading finance figures from the City of London met on Monday at the historic Drapers Hall to hear Chief Minister Peter Caruana’s message who said Gibraltar was fully committed and on time to meet the criteria being sent by G20 countries for offshore centres to continue in business centred on financial issues related to offshore centres and meeting the G20 criteria.