Stories for December 1st 2006
Calderón between the devil and the deep blue see.
Mexican President Felipe Calderón, who took office on Friday, faces a tough challenge to ensure governability, caught between a party which accuses him of stealing the election and another one which would make him pay very dearly its eventual support.
Penguin News Update
Headlines:
Norma collects her medal from the Queen; AG: ?Offences couldn't be ignored'; Vandalism spree lands man in jail; Princess Ann to visit; This week's cruisers; ?Aldo' injured in Lebanon; Penguin News out early.
Mexican President Takes Office Amid Protests
Felipe Calderon took charge of Mexico's presidential residence Friday in an unusual midnight ceremony, getting a head start on opponents trying to block his inauguration.
International oil market in reshuffling process
Oil Petroleum Exporting Countries president Edmund Daukoru said Friday that the group is likely to cut production by at least half a million barrels a day. The specific amount will be decided at the OPEC meeting next December 14th in Nigeria.
China planning third Antarctic permanent station
China has decided to build a third permanent research station in the Antarctic and refurbish its two existing stations to upgrade science facilities on the continent, reports Xinhua, the country's official news agency.
World Bank: China's 10% poorest situation has worsened
China must concentrate on social security and welfare programs now that it has advanced in achieving a reduction in poverty, said the World Bank Friday.
Uruguay cancels all debts with the IMF
Uruguay has paid off its full debt of some 1.09 billion US dollars to the International Monetary Fund, “which will grant the country greater financial autonomy” according to Central Bank sources.
LAN Chile consolidates as leading regional airline
Chile's flag carrier LAN announced Friday the fifth incorporation this year of a new long range Boeing 767-300, which is part of the 2006/08 fleet's expansion and renewal program costing two billion US dollars.
Pulp mills: Royal envoy begins shuttle diplomacy
A Spanish royal envoy acting as a “dialogue facilitator” between Argentina and Uruguay that are engaged in an escalating pulp mills controversy is scheduled to arrive next Monday for a round of contacts in Buenos Aires and Montevideo.
