Stories for May 29th 2009
Oil surged past 65 US dollars a barrel on Thursday to a fresh six-month high after OPEC decided to keep output unchanged and data showed a steep drop in US crude inventories.
Headlines: Padgett reveals Budget, Deficit announced in line with amended Medium Term Financial Plan; Next of kin to fly in for inauguration;13 year-old supports local team; May Ball colour supplement.
The International Labour Organization (ILO) is predicting global unemployment between 210 million and 239 million people in 2009 which represents a rate of 6.5% to 7.4%. Geneva based ILO made public Thursday its report on Tackling The Global Jobs Crisis in advance of the ILO annual conference, which begins June 3.
United States will host the next G20 summit of world leaders in September, the White House has confirmed. The meeting will take place in Pittsburgh, Pennsylvania, on Thursday 24 September and Friday 25 September.
Differences between Brazil and Paraguay over the world’s largest operational hydroelectric dam, Itaipú, are a “political problem” and not an energy issue according to Marco Aurelio García, international affairs advisor to the Brazilian Executive.