Stories for April 21st 2008
Peru to ask 3 more years to complete mine clearance
Peru will request before the Ottawa Convention an extension, until 2012, for the clearance of antipersonnel mines from its territory given the impossibility to comply with the current deadline of 2009, announced Peruvian Deputy Foreign Affairs minister Gonzalo Gutierrez.
Frustrated Argentine farmers ready to resume conflict May 2
In a massive Sunday rally the Argentine farmers ratified their willingness to continue the round of talks with government, --in spite of some attitudes and unilateral decisions--, but also warned that time is running out and the agreed deadline is May 2.
Food prices challenge Peru's economy and president's approval
Peruvian president Alan Garcia's approval rating fell to 26% (28% in March) despite the strong performance of Peru's economy, the fastest growing in South America, according to an Ipsos Apoyo survey published in Lima's main newspaper El Comercio.
Islanders have proved the best aircraft for the Falkland Islands
THE Falkland Islands Government Air Service General Manager Sean Minto says that air frame replacement has not been included in the current internal review - “We can't get aircraft that operate better or cheaper.”
Warnings about Brazil's high interest rates policy
Sao Paulo governor Jose Serra and one of Brazilian leaders tipped to dispute the presidency in 2010 warned about the possibility of an economic downturn when President Lula da Silva concludes his second mandate.
Singapore warns of worst world recession in 30 years
Singapore's GIC, one of the biggest sovereign wealth funds, warned on Monday the world could be facing its worst recession in 30 years and that financial markets would be highly volatile.
US banks report more write downs and hunt for fresh funds
US banks continue in turmoil reporting lower profits, write-downs and hunting for fresh funds Bank of America reported a 77% drop in profits in the first three months of 2008, hit by trading losses and a 6 billion write-down to cover bad loans. National City Corporation from the Midwest admitted it was looking for 7 billion US dollars.
Company reveals treasure comes from Spanish galleon
After months of secrecy and under pressure from Spain, Odyssey Marine Exploration has finally named the wreck from which it recovered a haul of valuable treasure last year operating from Gibraltar.
Morales: “eliminate capitalism” to save planet and mankind
Bolivian President Evo Morales has called for an end to capitalism as part of a series of radical measures “to save the planet and mankind”.
IEA: world's energy economy is not on sustainable path
“With oil prices surging over 110 US dollars a barrel and growing concerns over the environmental repercussions of the world's spiraling energy demand, the dialogue between energy producing and consuming countries is more meaningful than ever”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA).
