Stories for January 21st 2010
“A repeat of the Argentine situation” in Uruguay “virtually impossible”
Uruguayan Vice-president elect Danilo Astori said that the institutional-financial “solidness” of the country makes it virtually “impossible” a repeat of the current confrontation between the Argentine government and the Central bank.
World Bank warns recovery will slow down as fiscal stimulus impact wane
The global economic recovery that is now underway will slow later this year as the impact of fiscal stimulus wanes. Financial markets remain troubled and private sector demand lags amid high unemployment, according to a new report from the World Bank.
Cristina’s sharp “genius” replies have her again in deep trouble
Turbulent political times seem to be wearing down Argentine President Cristina Fernandez de Kirchner and her lecturing style, forcing her to commit a full blown gaffe, given her long standing defence of human rights and condemnation of the abuses and disappearances committed under Argentine military regimes.
First repercussions of Mrs Kirchner cancelled visit to China
Argentine President Cristina Fernández de Kirchner's postponement of her trip to China is still causing repercussions. Argentine ambassador to China, César Mayoral, tried to minimize her absence, although he regretted that “domestic affairs seem to be given more importance than foreign affairs.”
East Asia and Pacific region growth rate forecasted to double Latinamerica’s
According to the World Bank Global Economic Prospects 2010, regional outlook, the East Asia and Pacific region led the rebound in the global economy last year, reflecting robust fiscal policy steps and strong domestic demand.
Mozzarella fudge shocks Italian farmers and pride
Italian buffalo mozzarella producers fear their reputation could be undermined after it was revealed some were using cow's milk in production. An investigation is under way after random tests found about a quarter of sampled cheese were adulterated.
Forcibly closed Peruvian press accuses government of “political revenge”
Reporters Without Borders, RSF, condemned on Thursday as an act of political revenge from the Peruvian government the cancellation of a television station license, seven months after the same action was taken against radio La Voz de Bagua Grande, also in the Amazonas region
Honduras closer to normality: Zelaya leaves when Lobo takes office
Honduras president elect Porfirio Lobo said that as soon as the takes office, (next January 27) he will sign a safe-conduct for ousted Honduran President Manuel Zelaya who will then be authorized to travel to the Dominican Republic.
Gibraltar government and private operators at Tourism Fair in Madrid
The Gibraltar Tourist Board is currently exhibiting at the 30th edition of FITUR (Feria Internacional de Turismo) in Madrid which officially opened this week. It is being held over four days until 24 January. The exhibition is targeted at tourism industry professionals for the first three days, and then opens to the general public for the final two days, at the weekend, and is always very well supported.
First Seaweed-Based Biofuel Plant Goes Ahead In Chile
The ugly swarms of algae that plague Chile's beaches may be an alternative energy blessing in disguise. Chilean economic development corporation (CORFO) announced an investment of 7 million US dollars towards a seaweed-based bio-ethanol project spearheaded by Chile and U.S. scientists.
