Stories for May 2012

Thursday, May 31st 2012 - 18:33 UTC

Indian school boy solves 350-year old mathematical problem set out by Newton

Shouryya Ray: “I just asked myself, 'Why not?'”

An Indian school boy from Calcutta and currently in Germany, Shouryya Ray, has shocked everyone by solving a 350-year-old mathematical problem which was set by one of the greatest scientists and mathematicians, Sir Isaac Newton.

Thursday, May 31st 2012 - 15:59 UTC

“Self determination, only way that leads to a peaceful, permanent solution of Falklands’ dispute”

MLA Rogers :”We have no desire to become a colony of Argentina.

Self-determination is the only solution that will lead to a permanent, peaceful solution to the Falklands’ sovereignty dispute with Argentina said Falkland Islands lawmaker Roger Edwards addressing a regional seminar of the UN Decolonization Committee in Ecuador.

Thursday, May 31st 2012 - 06:11 UTC

Insulza hopeful OAS assembly will reach a consensus on the Malvinas issue

OAS Secretary General: the resolution should not be different from other previous assemblies

OAS Secretary General Jose Miguel Insulza said he expects a consensus is reached on the Falklands/Malvinas issue next week when the Organization of American States general assembly, following the lack of agreement at the last Summit of the Americas in Colombia.

Thursday, May 31st 2012 - 06:07 UTC

Natural resources rich Brazil plans to increase defence spending to 2% of GDP

Defence minister Amorim says the government must convince the Brazilian society and its neighbours

Defence Minister Celso Amorim said on Wednesday Brazil’s growing need to protect its borders, the Amazon rainforest, and massive offshore oil discoveries would lead it to gradually increase defence spending by a quarter to reach roughly 2% of the country’s GDP.

Thursday, May 31st 2012 - 06:01 UTC

Confirmed: Cristina Fernandez will attend C24 meeting on Falklands next June 14

Cabinet Chief Juan Abal Medina informed the Senate of CFK’s plans

President Cristina Fernandez will be attending next June 14 the UN Decolonization meeting in New York where she is expected to make a strong case for Argentina’s claim over the disputed Falklands/Malvinas Islands.

Thursday, May 31st 2012 - 05:52 UTC

Labour Organization warns “Euro zone extreme policies could produce extreme reactions”

Somavia current austerity measures are building up a social debt that will also have to be paid

Extreme policies to tackle the crisis in the Euro zone could produce extreme reactions, the outgoing Director-General of the International Labour Organization (ILO), Juan Somavia, told the delegates to the 101st International Labour Conference (ilo.org/ilc) that opened in Geneva on Wednesday 30 May.

Thursday, May 31st 2012 - 05:46 UTC

Brazil cuts interest rate for the seventh time to a record low of 8.50%

President Rousseff, forget inflation, lower interest rates to boost the economy

Brazil's central bank cut interest rates on Wednesday for the seventh straight time to a record low 8.50%, moving into uncharted territory in a bid to shield a fragile recovery from a gloomy global outlook.

Thursday, May 31st 2012 - 02:46 UTC

“Dollar clamp” cases will be dealt in the courts warns Argentine Chief Justice

Justice Lorenzetti said that individual appeals against the currency restrictions will be resolved

In spite of the barrage of statements is support of currency exchange controls (or clamped dollar) implemented by the Argentine government, the Supreme Court chief justice admitted that it could soon have to deal with complaints.

Thursday, May 31st 2012 - 01:46 UTC

Argentina after a more balanced trade with the US, says Ambassador Argüello

Argüello said “we don’t want to buy less, but rather sell more”

Argentine Ambassador to US Jorge Argüello stated on Wednesday that the best way to reach a more balanced trade with the US is increasing Argentine exports to that country and clarified that Argentina has no plans to buy less, but rather selling more goods.

Thursday, May 31st 2012 - 01:22 UTC

Ecuador calls for an end to colonialism in Malvinas, Puerto Rico and Guantanamo

Patiño: “we have always supported Argentina in its claim over the Malvinas”

Ecuadorean Minister of Foreign Affairs Ricardo Patiño called on Wednesday for an end to the remains of colonialism and specifically mentioned the Falklands/Malvinas, Puerto Rico and the US Guantanamo base in Cuba.

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