Stories for November 15th 2012

Thursday, November 15th 2012 - 23:32 UTC

Xi pledges to combat corruption, bureaucracy and rule closer to the people

Conservative no-surprise Xi Jinping, China’s face for the next ten years

Xi Jinping has been confirmed as the man to lead China for the next decade. Mr Xi led the new Politburo Standing Committee onto the stage at the Great Hall of the People in Beijing, signalling his elevation to the top of China's ruling Communist Party.

Thursday, November 15th 2012 - 23:05 UTC

IMF remembers Argentina that on 17 Dec it will assess quality of official stats

Last September Lagarde warned Argentina about a “red card” (expulsion) because of the quality of its inflation and growth stats

The International Monetary Fund ratified on Thursday that “on December 17” it will assess the “quality of Argentine statistics, particularly those referred to inflation”, an issue over which it had already warned the administration of President Cristina Fernandez.

Thursday, November 15th 2012 - 19:28 UTC

UK summoned Spanish ambassador to complain about latest Gibraltar incursions

FOC Under Secretary Simon Fraser and Spanish ambassador Federico Trillo

The Foreign Office summoned the Spanish ambassador in London and condemned Madrid’s ‘provocative incursions’ in Gibraltar waters saying that it “is in the interests of Spain, as well as Gibraltar and Britain, to avoid any incident that may damage the prospects of developing a harmonious and collaborative relationship between Gibraltar and Spain”.

Thursday, November 15th 2012 - 19:00 UTC

Uruguayan industry criticizes imports policy, labour costs and Mercosur

Minister Kreimerman and CIU president Burghi and at the industry’s event

Uruguay’ Chamber of Industries, CIU, criticized the ‘indiscriminate’ influx of foreign goods, labour costs and Mercosur, and called on government to change the focus of its policies towards manufacturing underscoring that the domestic market represents 55% of industries’ GDP.

Thursday, November 15th 2012 - 18:44 UTC

BRIC miracle largely over; mature economies take the lead, says US Conference Board

China's double-digit expansion rates will soon be a 'romantic memory'

The catch-up boom in China, India and Brazil is largely over and will be followed by a drastic slowdown over the next decade, according to a report by America's top forecasting body.

Thursday, November 15th 2012 - 18:33 UTC

Congress gives Cristina Fernandez additional tool to dismember Clarin group

The per saltum regulatory clause passed by 135-95 by the government-controlled Congress

Argentina's Congress approved on Wednesday a new legal regulation which critics say President Cristina Fernandez could use to force a conclusion in her long-running battle with the country's biggest media group.

Thursday, November 15th 2012 - 11:01 UTC

Obama immigration reform wants to attract and retain highly skilled manpower

The business community concerned about getting high-skill labour, said Obama

US President Barack Obama plans to give new thrust to a comprehensive immigration reform in the country, one that would not only address the issue of illegal immigrants but also how to attract and retain highly skilled manpower from the rest of the world.

Thursday, November 15th 2012 - 07:18 UTC

Brazilian economy picks up in third quarter, but doubts remain

The economy has been growing propped by a wide range of tax breaks for consumers

The Brazilian economy gained speed in the third quarter central bank data showed on Wednesday, but weaker activity in September suggests that there are still many question marks ahead.

Thursday, November 15th 2012 - 06:38 UTC

“A modest tax increase on the wealthy is not going to break their backs” said Obama

Obama has long opposed extending the Bush-era tax cuts for earnings above 250.000 dollars a year

President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.

Thursday, November 15th 2012 - 06:22 UTC

BBC celebrates 90 years of broadcasting with a “snapshot of the airwaves”

The 2LO transmitter made the first broadcast - from the BBC as it was then known - on 14 November 1922.

A composition by Blur front-man Damon Albarn has been played to radio listeners around the world to mark 90 years of BBC broadcasting. 2LO Calling, a “snapshot of the airwaves”, featured iconic sounds from radio over the past 90 years.


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