Tuesday, April 6th 2010 - 02:23 UTC

US concerned about impact of Venezuelan purchase of Russian arms in Latam

Putin on return to Russia announced contract to sell 5 billion USD in arms to Venezuela

The United States Department is questioning Venezuela's need to buy billions of dollars in weapons from Russia, voicing concern the arms may end up elsewhere in Latin America.

Monday, April 5th 2010 - 23:57 UTC

Oil prices reach an 18-month high following on US encouraging data

The price was below 70 USD a barrel in early February

Oil prices have reached an 18-month high as analysts predict the recovery of the US economy and a rising demand for fuel. Crude oil for May delivery hit a high of 85.89 USD a barrel at one point in New York trading - the dearest since the peak of the financial crisis in October 2008.

Friday, April 2nd 2010 - 23:03 UTC

Putin consolidates Russian partnership with Venezuela

President Chavez and PM Vladimir Putin

Russian Prime Minister Vladimir Putin arrived Friday in Venezuela for his first visit to the OPEC nation as he prepared to sign energy, defense, and financial agreements with President Hugo Chavez.

Wednesday, March 31st 2010 - 19:38 UTC

Putin’s visits Venezuela Friday, sets alarm bells ringing in Washington

Russian Prime Minister is a good dealer in arms and energy issues

Russian Prime Minister Vladimir Putin will pay his first visit to Venezuela to meet with President Hugo Chavez on April 2, a government source told RIA Novosti in Moscow on Wednesday.

Wednesday, March 31st 2010 - 18:30 UTC

Euro zone Feb unemployment at its highest, 10%; Spain at record 19%

Recovery from recession in the Euro zone remains fragile

Unemployment rates reach double digits in February in the Euro zone to hit an 11-year high in the 16-nation bloc. The February unemployment rate stood at 10% — the highest level to hit European nations since August 1998 — tipping the unemployment rate into double digits for the first time in 2010.

Wednesday, March 31st 2010 - 02:14 UTC

Main traders agree on quarterly contracts for iron ore, but no mention of China

The agreement involved Vale Doce and BHP Billiton and “Asian steel mills”

Two of the world's biggest mining companies have agreed landmark deals with Asian steel mills to buy iron ore on quarterly contracts. The deals could mark the end of annual contracts that have formed the basis for pricing in the steel industry for decades.
Vale and BHP Billiton said the new system was fairer and more transparent.

Wednesday, March 31st 2010 - 02:08 UTC

US criticizes Canada over its Arctic policy

Hillary Clinton said indigenous groups and Scandinavian countries had been left out of the Ottawa meeting

Hillary Clinton has criticised Canada for failing to invite indigenous groups and Scandinavian countries to talks on the future of the Arctic.

Wednesday, March 31st 2010 - 02:04 UTC

UK economy recovery in fourth quarter revised upwards

Consumers are still reluctant to spend and very much price conscious

The United Kingdom economy grew faster than previously thought in the last quarter of 2009, the Office for National Statistics says. It revised October to December's growth to 0.4%, up from the previous estimate of 0.3%.

Tuesday, March 30th 2010 - 04:34 UTC

Rio Tinto executives sentenced to lengthy jail terms for bribery by Chinese court

Tom Albanese, Rio Tinto CEO said he was “determined” to ensure the case did not affect the “important relationship” with China

Four Rio Tinto executives have been found guilty of bribery and stealing secrets by a Chinese court and have all been handed lengthy jail terms. Australian Stern Hu was handed a 10-year sentence. Wang Yong was given 14 years, Liu Caikui seven years and Ge Minqiang eight years.

Tuesday, March 30th 2010 - 04:26 UTC

Aftermath of scandal: strict expenses rules and safeguards for British MPs

MPs living in London will be able to claim for a taxi home - up to £80 - if the House of Commons sits after 11pm

British Members of Parliament will not be allowed to buy taxpayer-funded second homes under new expenses rules after the election. Those with seats at least 20 miles or an hour from Westminster will be able to claim rent up to £1,450 a month - equivalent to a one-bed flat.


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