Telora
Establishing Nation
- Joined
- Mar 15, 2007
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Teloran News Agency
Bringing you the latest news from Telora
Bringing you the latest news from Telora
"This is Radio Telora. Now, the 15:00 news, read by Josef Eisler..."
- President Almquist has nominated Joseph Mendelssohn as the next Minister for Agriculture and Rural Regeneration. Mr Mendelssohn was previous director of SeedBank, a state-owned agricultural bank in Hansa province, a role in which he won acclaim. The President affirmed that he had agreed Mr Mendelssohn's appointment with Governor Palme before making the announcement.
- A bill proposed by the Minister of Finance to compensate localities for shortfalls in their budgets caused by the CCA scandal has passed the House of Session Finance Committee unanimously, and has been scheduled for a vote this evening. The bill, which recieved formal backing from the President over the weekend, was unveiled last Friday by Minister of Finance Johan Clemensson.
- The Teloran Central Bank has announced it will raise interest rates by 0.25%, as it seeks to contain the fall out from the CCA scandal. The TCB decided to raise rates for the first time since early 1956 at its monthly monetary policy meeting Monday morning, saying that it was looking to head off the inflationary impact of a weaker Teloran Mark, and draw additional capital into the country.
- Professor Ivar Hurum, the new Chair of the Teloran Trade Commission, has expanded on remarks yesterday on seeking new trade deals in Northern Europe, specifically citing [MENTION=665]Gouw Marken[/MENTION], [MENTION=16]Engellex[/MENTION], [MENTION=26]Bourgogne[/MENTION], [MENTION=18]Eiffelland[/MENTION] and [MENTION=1517]Saaremaa[/MENTION] as key priorities. The Ministry of Foreign Affairs has affirmed it will support the TTC in seeking to sound out these states, and others, with regards to potential deals.
- Federal Electric have released their full year report for 1956, showing that the company experienced a slight growth in profits - less than 1% - as they seek to reduce corporate debt and invest in renewing their factory estate. The company expects to continue this programme into 1957, projecting that by year end it will have reduced its debt by almost two-thirds from its high point two years ago, and completely renewed almost three quarters of its production floorspace.
That was the news, and now for the afternoon play...
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