Stories for May 4th 2010
Falklands’ Stamps Commemorates Battle of Britain and 10 Spitfires Donation
A new stamp issue for the Falkland Islands and Ascension Island has been announced by Pobjoy Mint, commemorating the Battle of Britain and Churchill’s “Few”.
IMF Says Latam Recovering Faster than Expected but With “Bubble” Risks
The recovery in Latin America and the Caribbean is advancing faster than anticipated but at different speeds across countries, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook-Western Hemisphere report, which was launched Tuesday in Montevideo, Uruguay.
Kirchner Gets UNASUR Job; Mujica Admits “Political Cost” but Privileges Unity
Former Argentine president Nestor Kirchner was sworn Tuesday as Secretary General of the Union of South American Nations, UNASUR, following the consensus reached among the twelve country members overcoming differences of previous meetings.
Falklands’ Land-Based Tourism Down 10% in 2009/2010 with 16% Britons Less
Falkland Islands land-based receptive tourist operators estimate that this season there was a 10% contraction in in-bound numbers compared with 2008/09. However bookings for 2010/2011 are back at good season levels, according to a report in the latest edition of the Islands weekly Penguin News.
President Lula da Silva Visits Montevideo for Talks with Mujica
Brazilian president Lula da Silva is expected in Montevideo, Uruguay Tuesday afternoon to hold talks with his counterpart Jose Mujica, following the Unasur extraordinary presidential summit in Buenos Aires.
European Central Bank Beefs Greek Rescue-Plan; Takes “Junk” Bonds as Collateral
The European Central Bank (ECB) has moved to shore up the €110 billion EU/IMF rescue of Greece by offsetting the impact of the “junk” rating on the country’s debt.
Lula da Silva Confirms Paraguay the Promised Power Line and Bridge
President Lula da Silva reassured Paraguay that Brazil will build the promised 500 kW power transmission line from the Itaipú dam to the capital Asunción, as well as a bridge over the Paraná River shared by both countries.
German Cabinet Approves Contribution to Greek Bail Out
Germany's cabinet has approved its contribution to the Eurozone and IMF bailout of Greece. The German parliament is set to pass the legislation later this week to allow its loan—worth 22.4 billion Euros over three years—to be paid.
Almost Half of 43.7 Million Colombians Live Below the Poverty Line
More than 20 million Colombians, 45.5% of the population live below the poverty line and 16.6% suffer extreme poverty, according to an official report released by the country’s statistics agency, DANE. The country’s total population is 43.7 million.
In First Three Days Chile’s Pavilion at Shanghai Expo Received 46.000 Visitors
The Shanghai Expo in China officially opened its doors to the public on Saturday and Chile is one of more than 200 countries and companies showing their wares during the six-month event.
