Tuesday, September 22nd 2009 - 07:13 UTC

Obama wants China and Germany to spend more and US less debt addict

Unemployment will persist, warns the US president

United States President Barack Obama said he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. Meantime in Europe, officials kept up pressure for a deal to curb bankers' pay and bonuses at a two-day summit of leaders from the Group of 20 countries, which begins on Thursday.

Tuesday, September 22nd 2009 - 05:25 UTC

Fishing exhibition in Spain closes with 500 million Euros in business contracts

Paz-Andrade stressed the “professionalism” and “internationalisation” of WFE 2009.

Companies that participated in the sixth edition of the World Fishing Exhibition (WFE) that was held in Vigo between 16 and 19 September, closed contracts worth around EUR 500 million. According to the fishing fair organisation, this number could be higher when the complete balance of all the exhibitors is tallied.

Tuesday, September 22nd 2009 - 05:19 UTC

France’s Total predicts oil at 100 USD because of underinvestment

Christophe de Margerie warns that there could be an oil shortage by 2015

The head of French oil giant Total has told the BBC the world could face a shortage of oil because of underinvestment. Chief executive Christophe de Margerie warned that too little has been spent trying to tap into new oil reserves because of the economic crisis.

Monday, September 21st 2009 - 11:31 UTC

Argentina announces formal negotiations with the Club of Paris

Minister Amado Boudou will be meeting his French counterpart Christine Lagarde

Argentina’s Economy minister Amado Boudou meets this week with its French peer Christine Lagarde for the resumption of negotiations with the Club of Paris. The meeting will take place previous to the G-20 presidential summit in Pittsburgh.

Monday, September 21st 2009 - 11:20 UTC

Surprise, surprise: when in summer try watermelons

Apparently watermelons are rich in Citrulline, according to Texas A&M

A juicy slice of watermelon may be more than just delicious; it could be the answer to problems with erectile dysfunction, or ED. The idea of eating watermelons for erectile dysfunction treatment might sound absurd but it is a reality according to latest medical reports from the US.

Monday, September 21st 2009 - 11:16 UTC

Italian tax police seize Maradona’s earrings

Defeats in the field and in the clinic

Football legend Diego Maradona had his earrings seized by Italian authorities to help pay off his back taxes, according to media reports. The current coach of Argentina's national team was staying at a clinic in northern Italy in a bid to lose weight when finance police swooped, according to Reuters and later confirmed by the Argentine press.

Saturday, September 19th 2009 - 11:42 UTC

Lula da Silva predicts Brazil will become world power in ten years

If “less lucky” the world’s fifth economy

President Lula da Silva predicts that Brazil in the near future will be in the short list of the world’s largest economies, probable in third or fourth position, and if “less lucky” at the most ranked fifth.

Saturday, September 19th 2009 - 11:37 UTC

European leaders agree on global deal for bankers’ bonuses

French president Sarkozy has led the charge against high levels of bankers’ pay

European Union leaders have agreed to seek a global deal for bankers' bonuses to be clawed back if profits fall. The leaders meeting in Brussels approved the clause as part of a common EU position for next week's G20 summit in Pittsburgh in the US.

Saturday, September 19th 2009 - 11:15 UTC

G 20: “Step up reforms” in IMF and WB, demand developing countries

Brazilian minister Celso Amorim is the acting coordinator

Emerging countries and particularly those from Latinamerica will propose at the coming G-20 summit in Pittsburgh that reforms of the IMF and World Bank, where they expect to have a larger representation, move much faster.

Friday, September 18th 2009 - 23:19 UTC

“Shana Tovah v'hatima tovah”

Jews around the world are celebrating Rosh Hashanah, the Jewish New Year of 5770, which begins Friday at sundown. In the Jewish calendar, the most sacred time is the 10-day period from Rosh Hashanah to Yom Kippur, which this year falls on September 28.


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