Stories for July 2009
Latest News feedFalklands’ could have new deepwater port by 2012
Economic situation allowing, the Falkland Islands hope to have a new deepwater port by 2012.
Leading Senator calls for US trade benefits to Uruguay, “bypassing” Mercosur
United States Senator Richard Lugar, the ranking Republican on the Foreign Relations Committee is urging the US to extend trade benefits to Uruguay, bypassing Mercosur, a move he says would also increase pressure on Brazil to deepen commercial ties.
Argentina: health emergency and school vacations extended to fight the flu
Authorities in Buenos Aires City and Buenos Aires province declared health emergencies on Tuesday and extended school vacations as the country’s death toll of A/H1N1 virus influenza surged to 35.
“Kirchnerism is finished” but “not the Peronist party”
“Kirchnerism is finished” said the governor from the Patagonian province of Chubut and presidential hopeful, Mario Das Neves following a meeting on Tuesday with Buenos Aires Governor Daniel Scioli to discuss the next steps of the Peronist Party.
Brazil boosts capital goods sector cutting taxes and lowering rates
Brazil will cut sales taxes on 70 capital goods and lower the long-term interest rate charged by the state development bank, BNDES in a bid to speed up the economy’s recovery, announced Finance Minister Guido Mantega.
US Democrats consolidate control of the Senate with 61 seats
The state of Minnesota’s Supreme Court declared Democrat Al Franken the winner of the disputed 2008 US Senate race thus giving the Democrats their 60th vote.
MPs call for an end to all UK military aid to Colombia
British Members of Parliament from all parties are calling for an end to all UK military aid to Colombia, citing murders and human rights abuses by the country’s security forces. The MPs have launched a TUC-backed group called Friends of Colombia.
China is crucial for world recovery says World Bank
The World Bank believes the end of the global crisis will come following the recovery of the emerging economies, particularly China. The statement follows the presentation of the latest report, Global Financial Development 2009; a path for global recovery” by economists Mansoor Dailami and Hans Timmer.
FDI to developing countries forecasted to rebound 14% in 2010
Foreign direct investments (FDI) into developing countries are expected to rebound after record falls this year. According to the World Bank, these investments will rise by 14% in 2010 to 440 billion US dollars.
Peruvian government saved from Congressional censure motion
The Peruvian Congress was unable to muster the necessary votes to censure Prime Minister Yehude Simon and Minister of Interior Mercedes Cabanillas over the recent violent clashes in the Amazonia region which left scores of dead both among policemen and the protesting indigenous communities.
