Stories for September 25th 2009
US Congress report argues Zelaya’s ousting was “legal and constitutional”
A report from the US Library of Congress legal branch released this week concluded that the ousting of elected Honduran president Manuel Zelaya was “legal and constitutional”.
Itaipú agreement remains stalled; Lula da Silva blames Congress
The coming electoral year makes it difficult for the Brazilian congress to approve in the short term the agreement reached with Paraguay referred to the surplus energy from the world’s largest operational hydroelectric dam Itaipú, signed last July by presidents Lula da Silva and Fernando Lugo.
Paraguayan economy contracts for second quarter running
Mercosur junior member Paraguay’s economy again plunged in the second quarter of this year, 4.3%, compared to a year ago, almost the same percentage contraction as in the first quarter, 4.2%, according to the latest release from the country’s Central Bank.
Iceland planning to export 1.500 tons of whale meat to Japan
The company behind Iceland's fin whaling industry is planning a huge export of whale meat to Japan. This summer, Hvalur hf caught 125 fins - a huge expansion on previous years.
Uruguayan economy becoming growingly Brazil dependent
Brazil has become Uruguay’s main trade partner and investor having taken over vital spaces of the country’s economy in its most dynamic sectors, according to different reports that have surfaced during the campaign for next month’s presidential election.
Argentina, Chile and Uruguay lead broadband use in South America
A recent survey by the Cisco Latin America Broadband Barometer showed that Chile has the highest percentage of broadband Internet connections in South America. The study found that 9.7% of Chile’s population has access to broadband.
Uruguay on the “grey list” of OECD tax havens
Uruguay, Chile, Costa Rica, Guatemala among nine countries remain in the so called “grey list” of tax havens from the Organization of Economic Cooperation and Development, OECD, one of the issues to be addressed by the G20 summit in Pittsburgh.
Pittsburgh summit recognizes historic shift of power to G20
G20 is to take on an expanded role as part of a historic shift that recognises the rising influence of China, Brazil and India. The leaders of the world's top 20 wealthy and developing nations decided that the G20 will take over the role of pre-eminent council on global economic cooperation, a function that for more than three decades had been performed by a smaller club of leading industrial countries known as the G8.
Water molecules confirmed in the moon’s polar region surface
US space agency NASA said India’s maiden lunar mission had confirmed the presence of water molecules in the polar region of moon’s surface. Indian Space Research Organisation’s. ISRO, chairman G Madhavan Nair called the finding “path breaking”.
Military operation unveiled “biggest UK Parliamentary scandal in two centuries”
The United Kingdom Members of Parliament expenses scandal which generated angry reactions from British public opinion began because the mole that caused the leak was angry about inadequate equipment for the armed forces, the Daily Telegraph published on Thursday.
