* Moody’s has downgraded our country’s debt rating to Baa2, one level lower, due to ‘poor growth prospects and rising public debt’, a rating on a par with the company’s ratings of Russia and Brazil, and two notches removed from ‘junk status‘. Electricity shortages were highlighted as one specific reason for the downgrade.
* The Volvo Ocean Race yachts have arrived in the V&A Waterfront, and a host of activities are planned until the yachts head for Abu Dhabi on 19 November. Only seven teams are participating in the world’s leading offshore sailing race covering four oceans and five continents. An inaugural Open Ocean Festival runs in this period, but has been very poorly publicised (shoppers to the V&A Waterfront received brochures yesterday as they entered the underground parking). Events of the Festival include the Open Ocean Film Festival this weekend, Fly Boarding today, Xtreme Water Polo from 10 – 12 November, Canoe Polo today, a Sunset Mile open ocean swim on 12 November, and the third day of the IRC National Regatta today.
* Waterford Wine Estate has been named a Global Winner in the categories Wine Tourism Service and Sustainable Continue reading →