Tuesday, June 1st 2010 - 04:52 UTC

HMS York almost home after high profile patrolling in Falklands’ waters

The 25 year old Type 42 destroyer

HMS York is on her way home from the South Atlantic after a high-profile five months on patrol off the Falklands Islands, reports The Press from York.

Tuesday, June 1st 2010 - 04:46 UTC

Tories implement civil service “salary transparency”; 171 above PM Cameron

Office of Fair Trading chief executive John Fingleton with £279,999, is the top earner

Some 171 civil servants are paid more than Prime Minister David Cameron's £142,500-a-year salary, according to Cabinet Office figures. The salaries of those earning over £150,000 were revealed for the first time in a bid to aid transparency.

Tuesday, June 1st 2010 - 02:52 UTC

Argentina extends bond restructuring on request from Italian creditors

The announcement was done by Economy minister Amado Boudou

Argentina is extending its 18.3 billion US dollars bond restructuring at the request of Italian creditors and the country’s financial regulator, Economy Minister Amado Boudou said on Monday.

Tuesday, June 1st 2010 - 02:46 UTC

Major Brazilian airports on the verge of a “logistics blackout”

The worst case in Manaus but in Sao Paulo air terminals are also at over capacity at peak hours

Airports in the major cities of Brazil that will be hosting the World Cup in 2014, and the Olympic Games in 2016, are working at their maximum capacity and eight of them are described as “in the edge of operational collapse” according to a report from the Applied Economics Research Institute in Sao Paulo, IPEA.

Tuesday, June 1st 2010 - 02:44 UTC

IDB plans to lend 10 billion USD in 2010

Luis Moreno, president of IDB

The Inter American Development Bank, IDB, is ready to disburse 10 billion US dollars in loans to Latinamerica during fiscal 2010, said the bank’s president Luis Moreno.

Tuesday, June 1st 2010 - 01:43 UTC

German president resigns on comments about military actions overseas

President Horst Koehler, and former IMF chief, never expected such a reaction

German President Horst Koehler unexpectedly resigned due to a storm over comments he made about military action abroad in a move that could cause conservative Chancellor Angela Merkel a headache.

Tuesday, June 1st 2010 - 01:39 UTC

Latinamerica exposed to European slowdown, but not Brazil, forecast experts

Antonio Prado, Deputy head of Cepal

The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal, anticipates that growth in the region will be less than in previous years because of the economic downturn in developed countries but the tendency should not influence Brazil, the region’s largest economy.

Monday, May 31st 2010 - 04:20 UTC

European weakened governments must address this week tough decisions

Germany Finance Minister Wolfgang Schaeuble

Budget Minister Francois Baroin indicated on Sunday that France should not take for granted its AAA rating, which allows Paris to borrow relatively cheaply on international markets and finance its big budget deficit.

Monday, May 31st 2010 - 04:14 UTC

Russian book confirms Soviet intelligence support for Argentina in Malvinas war

HMS Sheffield hit by the French manufactured Exocets.

Some interesting historical data about the Falkland Islands war and Soviet intelligence support to Argentina has emerged from a book by a Russian journalist and researcher, who as the son of a former URSS diplomat expert in trade affairs spent most of his youth in Latinamerica, Cuba, Ecuador and Uruguay.

Monday, May 31st 2010 - 04:04 UTC

Experts warn Europe’s ‘austerity zeal’ could dampen anaemic recovery

Nobel Prize economist Joseph Stiglitz

Experts are warning that European governments rush to cut budget deficits with draconian austerity measures could mean a blow for Europe's tentative economic recovery.


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