Stories for May 20th 2003

Tuesday, May 20th 2003 - 21:00 UTC

Boost for Falklands Tourism.

Tourism in the Falklands Islands has developed spectacularly in recent years, and the
trend continued in the season just ended.

More than 1,600 visitors travelled around the islands on land tours either in
organised groups or independently ? an increase of 800 per cent in only five years.

Tuesday, May 20th 2003 - 21:00 UTC

US Senate approves tax reduction.

The United States Senate finally approved last Thursday a 350 billion US dollars tax cut presented by the White House in an attempt to pull the US economy out of its anemic condition. However the ten year proposal passed the higher House with a tight 51-49 majority and now faces a conference with the House of Representatives that approved a 550 billion US dollars cut, more in line with the original President Bush proposal of 726 billion.

Tuesday, May 20th 2003 - 21:00 UTC

G 8 recommends optimism.

Meeting for the first time since the end of the Iraq war, the Finance Ministers of the seven richest industrialized countries, plus Russia, the G 8, expressed their confidence in the world's economy recovery and recommended long term reforms both for rich and poor nations. The meeting took place in Deauville, north of France in preparation for the G 7 summit scheduled in two weeks time in Evian.

Tuesday, May 20th 2003 - 21:00 UTC

Kirchner cabinet choice to reveal clues.

Néstor Kirchner, Argentina's president-in-waiting, was on Monday putting the finishing touches to his executive cabinet, which he is expected to unveil on Wednesday, four days before he takes power.