Stories for October 20th 2009
Gibraltar rapidly complying with G20 criteria on offshore business
British leading finance figures from the City of London met on Monday at the historic Drapers Hall to hear Chief Minister Peter Caruana’s message who said Gibraltar was fully committed and on time to meet the criteria being sent by G20 countries for offshore centres to continue in business centred on financial issues related to offshore centres and meeting the G20 criteria.
Nicaraguan Supreme Court opens the way for re-election of President Ortega
The Nicaraguan Supreme Court has lifted a constitutional ban on re-election, clearing the way for President Daniel Ortega to run again in 2011 elections. The court's decision followed an appeal by Mr Ortega and a group of mayors.
In July, Mr Ortega said publicly he favoured allowing people the right to seek consecutive terms.
UK underlines strong ties with the Rock on Gibraltar Day
British Minister for Europe Chris Bryant commented on the strong ties that exist between the UK and Gibraltar during the Gibraltar Day reception in the Guildhall of the City of London on Monday October 19th.
South America: An Analysis of Arms Races and Regional Geopolitics
In mid-September, Secretary of State Hillary Clinton critiqued Venezuela’s leader Hugo Chavez for his ongoing purchases of mostly Russian military equipment, arguing that this could trigger an arms race in South America. The statement has added fuel to the ongoing discussions about what form South America’s rearmament is taking and what this could come to mean for the security of the region.
A much awaited picture to seal unity in Uruguay’s ruling coalition
A much awaited brief but significant embrace between the two main leaders of Uruguay’s ruling coalition took place Monday in the port of Montevideo, an event which should help the incumbent candidate in the run up to Sunday’s presidential election.
New 2009 high for oil while US dollar keeps sliding
The price of oil has reached a new high for 2009, continuing its recent rise on the back of the weak US dollar and strong US company results. US crude settled up $1.08 at $79.61 in New York trading.
Argentine economy shows sluggish recovery fourth month running
Argentine economic activity in September and for the fourth month running showed signs of a slight recovery, according to the latest index from private consultants Orlando J Ferreres & Asociados, OJF, released Monday.
Uruguayan Court throws out special amnesty for crimes under dictatorship
Uruguay’s Supreme Court ruled unconstitutional a law that exempted military and police personnel involved in human rights abuses during the country’s military dictatorship which extended from June 1973 to March 1985.
Argentine government regrets incident suffered by US ambassador
Argentine president Cristina Fernandez de Kirchner regretted last week’s incidents suffered by United States ambassador Vilma Martinez and said “in all places there are always intolerants”.
Lula da Silva promises a million new formal jobs in 2009
President Lula da Silva said Brazil would end this year with a million new formal jobs and in 2010 the economy will expand 5%. Speaking at his program “Breakfast with the President”, Lula da Silva announced that 252.000 jobs had been created in September which means 2009 will end “with a million new formal jobs”.
