International

International
Friday, March 20th 2009 - 06:58 UTC

Uruguayan president travels to China to boost trade and investment

Vazquez to reaffirm close links between Uruguay and Chine

Uruguayan president Tabare Vazquez together with several ministers and a delegation of 70 businessmen left Friday for an official state visit to China. The party arrives Saturday in Beijing but the official program begins Monday when President Vazquez will be received by this Chinese counterpart Hu Jintao.

Friday, March 20th 2009 - 06:57 UTC

UN blames surging food prices on large-scale speculation

Both the surging food prices from 2007 to 2008 and their subsequent drop in some areas are a result of large-scale speculation by financial investors, according to a new report by the United Nations trade body, which called for greater regulation to protect millions of poor people worldwide.

Thursday, March 19th 2009 - 16:34 UTC

UN pushes for ratification of global pact outlawing cluster bombs

Ms. Migiro  “We must step up our efforts so women, men and children can walk free of the terrible injuries these munitions inflict”

The pace of the ratification of a global pact outlawing cluster bombs must be accelerated to relegate the deadly weapons “to the pages of history,” Deputy Secretary-General Asha-Rose Migiro said Wednesday.

Thursday, March 19th 2009 - 16:30 UTC

World Bank forecasts China to expand 6.5% in 2009

The World Bank estimates China's gross domestic product for 2009 will be 6.5%, falling short of China's own prediction of 8% growth for the year. Still, the World Bank says China's economy is holding up relatively well and it sees plenty of room for the government to implement effective stimulus measures.

Thursday, March 19th 2009 - 16:22 UTC

Saudis warn of “catastrophic” oil supply crunch in near future

Saudi Arabia's oil minister Ali al-Naimi

Saudi Arabia's oil minister Ali al-Naimi warned Wednesday of a possible “catastrophic” energy supply crunch without prompt investment. The minister said the ideal price for oil lies between 60 and 75 US dollars a barrel.

Thursday, March 19th 2009 - 06:19 UTC

UK jobless 2.03 million, worst since Labour took power in 1997

British Prime Minister Gordon Brown has expressed “personal regret” for every person who loses their job - as unemployment surged above the two million mark for the first time in 12 years.

Thursday, March 19th 2009 - 06:08 UTC

Condoms essential to fight AIDS epidemics says UN

With over 7,400 new HIV infections daily, comprehensive approaches – including condom use – are essential to stop the spread of the AIDS epidemic, the Joint United Nations Programme on HIV/AIDS (UNAIDS) said Wednesday, warning that there is no “single magic bullet” for prevention.

Wednesday, March 18th 2009 - 15:39 UTC

Cruise industry expects 2009 to be weakest in five years

Growth in the cruise travel industry in 2009 is forecast to be the weakest in five years as the recession holds down household spending and widespread job loss hurts operations of the major cruise lines. However the industry’s leaders remain upbeat.

Wednesday, March 18th 2009 - 08:18 UTC

Bank of England calls for urgent G-20 “joint commitment” on stimulus plans

BE Governor Mervyn King

Bank of England Governor Mervyn King has issued a rallying cry for joined-up international efforts to pull the global economy out of a “sudden, severe and simultaneous” downturn.

Wednesday, March 18th 2009 - 08:13 UTC

Chile supports India as permanent member of UN Security Council

Chilean President Michelle Bachelet with PM Manmohan Singh

India and Chile reaffirmed their support for a comprehensive reform of the United Nations including expansion of the Security Council to make the world body more representative, legitimate and effective.

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