Stories for January 2009

Saturday, January 31st 2009 - 20:00 UTC

Uribe's third consecutive mandate lacks political support

President Uribe

President Alvaro Uribe's hometown newspaper reported Thursday that Colombia's immensely popular leader will not seek a third consecutive term in 2010 elections.

Saturday, January 31st 2009 - 20:00 UTC

UK: 'Nationalise private schools' plans

Rt Hon Jim Knight MP

The Government could nationalise private schools hit by the recession by turning them into state-funded academies, it has been reported.

Friday, January 30th 2009 - 20:00 UTC

Falkland Islands: Weekly Penguin News Update

<i>Brandan's</i> Captain R. MacLean and Chief Engineer J. MacIntyre

Headlines: St Brandan loses contract Tamar steps in to fill gap; Audit puts hospital on the sick list; Kayaker makes epic journey.

Friday, January 30th 2009 - 20:00 UTC

Norway investment fund drops “non ethical” corporations

Norway's state investment fund has blacklisted US firm Textron, owner of top plane-maker Cessna, and Canadian mining firm Barrick Gold. The fund, an ethical investor, sold shares in the firms because Textron makes cluster bombs and because of environmental concerns about Barrick.

Friday, January 30th 2009 - 20:00 UTC

Rio Tinto sells mining assets in Argentina and Brazil

Anglo-Australian Rio Tinto Group is selling mining assets in Argentina, Brazil and Canada to Brazilian competitor Vale Doce for 1.6 billion US dollars in an attempt to reduce its 39 billion debt load y 10 billion. The group also admitted it was considering a big equity issue.

Friday, January 30th 2009 - 20:00 UTC

Five South American presidents spurn Davos meeting

While bankers and politicians met this week in Davos for the World Economic Forum a rival summit in the Brazilian city of Belem challenged them and blamed the capitalist system for the current global crisis.

Friday, January 30th 2009 - 20:00 UTC

Unemployment in EU: 18 million and another 3.5 m by 2010

Unemployment in the Euro zone countries climbed to 8% in December, the highest in over two and a half years, with the total number of jobless reaching 12.472 million in the Euro zone and 17.911 million in all the 27 EU member states according to a Eurostat study released on Friday

Friday, January 30th 2009 - 20:00 UTC

Topsy-turvy: US economy contracts 3.8%, below forecast

The US economy shrank at an annual rate of 3.8% in the last quarter of 2008, according to the latest report from the US Commerce Department. This is the worst performance of the US economy since 1982.

Friday, January 30th 2009 - 20:00 UTC

Ban Ki-moon urges Davos leader to forge “”Green New Deal”

Secretary-General Ban Ki-moon called on the world's business and other leaders to use the current economic crisis to launch a global “Green New Deal” that creates jobs and fights climate change by investing in renewable energy and technological development.

Friday, January 30th 2009 - 20:00 UTC

Bankers at Davos call for a review of financial rules

The chairman of one of the world's leading banks headquartered in London, HSBC, Stephen Green has said that the current financial rules must be “fundamentally revised” as they had deepened the financial crisis.

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