Stories for 2012
Bernanke says stimulus plan directed to create jobs; discards threats of inflation
Federal Reserve Chairman Ben Bernanke delivered a broad defence on Monday of the central bank's controversial bond-buying stimulus plan, saying its actions are necessary to support a flagging economic recovery.
Report says fish species expected to shrink in size because of global warming
Fish species are expected to shrink in size by up to 24% because of global warming, say scientists. Researchers modelled the impact of rising temperatures on more than 600 species between 2001 and 2050.
Shell contracts four dynamically positioned ultra-deepwater drill-ships
Transocean Ltd. today announced on Monday it has been awarded 10-year contracts for four new build dynamically positioned ultra-deepwater drill-ships by Royal Dutch Shell (Shell).
Argentine marine who headed invasion of the Falklands on 2 April, dies
The Rear Admiral who headed the landing and invasion of the Argentine forces in the Falkland Islands on 2 April 1982 died over the weekend. Carlos Büsser was under house arrest for his alleged participation in crimes against humanity during the last military dictatorship although he was never convicted.
Uruguay’s interest rates hike “will aggravate stubbornly high inflation”, anticipates CE
The latest Uruguayan central bank decision to further hike interest rates is “unlikely to do much to tackle stubbornly high inflation” and contrary to this could end acting as a magnet for foreign capital inflow, “aggravating the very problem it seeks to address”, says Michael Henderson from Capital Economics.
UK banking reform at the heart of discussions in the annual Labour conference
UK Labour leader Ed Miliband has indicated that a threat by banks to move abroad would not deter him from breaking them up if they did not agree to revolutionise their operations and put ordinary customers first.
Euro-zone: no end in sight to the scourge of unemployment an increasing poverty
Unemployment in the Euro-zone hit a fresh high of 18.2 million in August, the EU statistics agency has said. The number out of work rose by 34.000, but after the July data was revised up, it meant the unemployment rate remained stable at a record high of 11.4%.
Eight million Brazilian still live in “extreme poverty” conditions
Eight million Brazilians still live in extreme poverty, with monthly family incomes of 35 US dollars according to official data released on Monday and which represents a 5% drop compared to the previous survey.
Falkland Islands 2012/13 cruise ship season brings new luxury visitors
Luxury super yacht MY Sherakhan, is one of four vessels new to the Falkland Islands visiting in the 2012/13 season beginning next month. More often spotted in the Mediterranean and Caribbean Seas, she also ventures further afield to Patagonia, Antarctica, French Polynesia, Asia, and Panama.
CFK’s positive image at a record low of 25.5%, according to latest poll
The image of Argentine President Cristina Fernandez has fallen at 25.5%, to its lowest positive, very distant from the over 54% she enjoyed last November, following her sweeping re-election, according to a public opinion poll from consultants Management & Fit released over the weekend.
