Stories for July 2008
Aerolineas and Austral rated among worst air carriers
Aerolíneas Argentinas and Austral have been rated among the worst air carriers out of a total of 90 in five continents according to the Argentine Tourism Law Association, Aadetur, which ranks them 81 and 82.
Bush signs law to help homeowners and battered market
United States President George W. Bush signed Wednesday into law a bill designed to help struggling homeowners and prop up the battered US housing market. The new law creates a 300 billion US dollars rescue fund to help thousands of homeowners get cheaper loans.
Memorial service at wreck of River Plate Battle HMS Exeter
HMS Kent, one of the Royal Navy's most modern warships, looked back at history as she remembered one of her illustrious World War II predecessors last Sunday. The Portsmouth based frigate, currently undertaking tasking in the Far East, laid wreaths over the recently found wreck of cruiser HMS Exeter during a ceremony attended by the British Ambassador to Indonesia, veterans and descendants of the sinking and the diver who discovered the wreck.
Governor declares New York economy officially in recession
New York governor David Paterson admitted the state economy was in recession and announced spending cuts to face a steep budget deficit due to declining tax revenues. Paterson said that he would ask the legislature to approve another 600 million US dollars cut in an emergency session.
Argentine building industry declining tendency accelerates
Argentine construction activity fell the most in more than four years last month as faster inflation and a farmers strike threatened to undermine a five year running expansion of the economy.
Falkland Islands: Appointment of FIDC General Manager
David Waugh has been appointed as the new permanent General Manager of the Falkland Islands Development Corporation.
Penguins wash up closer to equator in Bahia State, Brazil
Penguins from frigid waters near the bottom of the world are washing up closer to the equator than ever before, Brazilian wildlife authorities said Wednesday.
Chile-Australia sign comprehensive free trade agreement
Chilean Foreign Minister Alejandro Foxley is currently in Australia today and on Wednesday will be signing in Canberra a Free Trade Agreement, plus another battery of accords with Australian authorities.
Oil exploration in Magallanes Region begins next month
Several international oil companies awarded exploration blocks in Chile's extreme southern Magallanes region should begin oil and gas exploration in August, the government said on Tuesday.
Ecuador insists on deal to slash import tariffs on bananas
Ecuador, the world's top banana exporter, said it will insist that the European Union stick to a deal to slash import tariffs on bananas despite the collapse of world trade talks on Tuesday in Geneva.
