Stories for June 9th 2009
Brazil in recession, but mild recovery expected at end of 2009
Brazil's economy is showing clear signs of economic recovery though it requires additional fiscal and monetary stimulus to ensure growth this year, said on Tuesday Finance Minister Guido Mantega reacting to the latest data which showed the country had fallen into technical recession.
Argentina declares Darwin memorial “national historic place”
The Argentine cemetery in Darwin, Falkland Islands, has been declared by the Argentine government a “national historic place”. The bill with the initiative was approved by Congress on May 13 and promulgated June 4th, according to the Tuesday publication in the official gazette.
Leader of Peruvian Indian protests takes refuge in Nicaraguan embassy
The wanted leader of protesting the Peruvian Amazon region Indians has been granted diplomatic asylum at the Nicaraguan embassy and is waiting for a safe conduct announced Monday Prime Minister Yehude Simon in a presentation to members of Congress.
Vancouver, Canada chosen as the most liveable city in the world
The Economist Intelligence Unit (EIU) announced Monday that Vancouver, British Columbia is the best city in the world to live, followed by Vienna, Austria and Melbourne, Australia.
Spain to the rescue of banks with 9 billion Euros emergency fund
The Spanish government plans to set up a 9 billion Euros emergency fund to prop up the country's weakest banks if other measures fail, Finance Minister Elena Salgado said in a Sunday interview with Madrid’s ABC.
Air France pilots’ union demand replacement of speed sensors
An Air France labour union of pilots called on its members to refuse to fly Airbus A330s and A340s until the airline replaces speed sensors after investigators said the equipment probably played a role in June first Flighty 447 plane crash.
World military expenditure in 2008 totalled 1.46 trillion, up 45% since 1999
United States spent 607 billion US dollars on its military in 2008, accounting for 42% of the total world military expenditure for the year with China, France and the United Kingdom far behind, according to the 2009 Yearbook on Armaments, Disarmament and International Security, issued by Stockholm International Peace Research Institute, SIPRI, on Monday.
Repsol, Petrobras and BP to explore for oil next to Falklands’ waters
A consortium led by Spanish oil firm Repsol YPF SA (REP) plans to explore for oil in international waters between Argentina and the Falkland Islands, officials from the company said Monday.
World celebrates “one ocean, once climate, one future”
The world’s oceans generate most of the oxygen we breathe, supply us with food, regulate our climate, clean the water we drink, and offer a pharmacopoeia of potential medicines.
Insulza trusts dialogue will lift embargo and bring Cuba back to OAS
The head of the Organization of American States, OAS said he was hopeful that with the revoke of sanctions to Cuba, the US embargo would eventually be lifted and Havana would rejoin the 34-member organization, but much dialogue would be required.
