Stories for January 26th 2012

Thursday, January 26th 2012 - 19:12 UTC

Soros says German-driven austerity plans could splinter the European Union

The Hungarian born billionaire said stimulus is also needed to avoid the deflationary spiral

Billionaire investor George Soros said that German-driven austerity plans in Europe risk creating tensions that could splinter the region as it struggles with a debt crisis entering its third year.

Thursday, January 26th 2012 - 19:05 UTC

HMS Protector reaches Antarctica, visits Uruguayan and Argentine bases

Uruguayan president Jose Mujica who happened to be at the base was given a gift of a crate of Protector’s own brand of beer, 'Ice-Breaker'

HMS Protector, the Royal Navy's new ice patrol ship, has arrived in Antarctica for the first time after her long sail south from Portsmouth. Her arrival, via Montevideo in Uruguay, coincided with the centenary of the Royal Navy's Captain Scott reaching the South Pole.

Thursday, January 26th 2012 - 18:58 UTC

MP proposes British Overseas Territories be represented in Westminster

Gilbert House, seat of the Falklands Elected Legislative Assembly

Conservative backbench MP Andrew Rosindell has called for the Isle of Man and other Crown Dependencies and British Overseas Territories, including the Falkland Islands, South Georgia and South Sandwich Islands to be represented in Westminster.

Thursday, January 26th 2012 - 05:28 UTC

Fears UK economy might have entered a mild recession at the end of 2011

BoE Governor Mervyn King forecasts “arduous, long an uneven” recovery

Britain's economy may have entered a mild recession in the last three months of 2011, hampering the government's core policy aim of spurring growth and raising the chances that the Bank of England will inject more cash soon.

Thursday, January 26th 2012 - 05:25 UTC

Do you agree Scotland should be an independent country? Yes, but…

First Minister Alex Salmond, the most exiting years of modern Scotland

Scottish First Minister Alex Salmond said his planned referendum on independence will ask a simple question on whether the country should go it alone, though he didn’t rule out a third option of more power within the UK

Thursday, January 26th 2012 - 05:22 UTC

Japan posts first annual trade deficit in more than 30 years

The Fukushima nuclear disaster boosted the energy bill

Japan has announced its first annual trade deficit in more than 30 years, a setback for a country known for its exports including cars and electronics. The deficit came in at 2.49 trillion yen (32bn dollars) for 2011, the finance ministry said.

Thursday, January 26th 2012 - 05:19 UTC

Norway’s discount carrier orders 222 Boeing and Airbus, totalling 21.5bn dollars

Norwegian Air currently operates an all-Boeing fleet

Norwegian Air Shuttle ASA ordered 222 Boeing Co. and Airbus SAS airliners valued at 127 billion Kroner (21.5 billion dollars) as Europe's fourth-biggest discount carrier steps up its competition with state-backed SAS AB.

Thursday, January 26th 2012 - 05:17 UTC

Dozens of dolphins beached in a shallow inlet in the US Cape Cod

In two weeks of January almost the average annual stranding

At least 85 dolphins have beached in a shallow inlet of a US nature reserve at Cape Cod, officials reported adding that the cause of the mass stranding remained a mystery.

Thursday, January 26th 2012 - 05:11 UTC

Global crisis reaches Argentina’s shores “but we are going to have a good year”

Lorenzino said Argentina has sufficient reserves to address to prevent speculative attacks

Argentina’s Economy Minister Hernán Lorenzino admitted on Thursday that the global economic crisis has had an impact on the country but nevertheless “we are going to have a good year”.

Thursday, January 26th 2012 - 05:02 UTC

As demands pile up, Venezuela requests to leave World Bank arbitration court

A decade of nationalizations under President Chavez

Venezuela’s government officially requested this week to leave the World Bank’s arbitration court as demands pile up from abroad for compensation following a decade of nationalizations under President Hugo Chavez.

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