Stories for November 2007

Tuesday, November 13th 2007 - 20:00 UTC
Lack of funds grounds Brazil's third largest airline

Brazil's third-biggest airline, BRA, has suspended operations and sent home almost all its 1.100 employees after hitting financial difficulties. It comes after more than a year of crisis in the country's aviation industry and the near-collapse of Varig, the former flag-carrier that is now a subsidiary of Gol, the second-biggest operator.
Tuesday, November 13th 2007 - 20:00 UTC
Growing rift among developing countries on global trade talks

Developing countries are deeply divided about how to advance on global trade talks and few ministers will attend a meeting this week meant to show their unity.
Tuesday, November 13th 2007 - 20:00 UTC
Europe asks China for more financial “responsibility”

Euro-zone finance ministers urged China to bear more “responsibility” for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe.
Tuesday, November 13th 2007 - 20:00 UTC
IMF predicts Europe will weather 2008 credit-crunch impact

Economic growth will slow in most European economies in 2008, with a number of countries vulnerable to tightening credit because of rapid rises in housing costs or high levels of private debt, the International Monetary Fund has reported.
Tuesday, November 13th 2007 - 20:00 UTC
Global banks could loose 400 billion with US housing slump

Global banks are likely to loose up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report. Major banks will have to continue to write off stricken multibillion investments in mortgage backed securities.
Tuesday, November 13th 2007 - 20:00 UTC
Biofuels costs and benefits balance analyzed by UN

Biofuels have the potential to cause both good and harm and governments must therefore be careful to balance the costs and benefits of developing them as energy sources, Secretary-General Ban Ki-moon has said in Brazil as he continues an official trip focused on climate change.
Monday, November 12th 2007 - 20:00 UTC
NZ - Uruguay relations expanding in new directions

Regular New Zealand-Uruguay bilateral foreign policy talks and doubling the number of working holiday visas granted each year between the two countries have been announced by Prime Minister Helen Clark and Uruguay President Dr Tabare Vazquez today.
Monday, November 12th 2007 - 20:00 UTC
UN's Ban Meet With Lula In Brazil On Climate Change

U.N. Secretary General Ban Ki-moon and Brazilian President Luiz Inacio Lula da Silva met on Monday to discuss Brazil's leading role in tackling climate change.
Monday, November 12th 2007 - 20:00 UTC
Uruguay to keep border with Argentina shut for now

Uruguayan Foreign Minister Reynaldo Gargano yesterday ratified the country's decision to set up a border guard watch over the bridge joining the Argentine city of Gualeguaychú and the Uruguayan town of Fray Bentos.
Monday, November 12th 2007 - 20:00 UTC
UK Veterans minister heads Remembrance Day in Falklands

Britain's Veterans Minister Derek Twigg MP joined 250 veterans of the South Atlantic conflict of 25 years ago in the Remembrance Day service held in Stanley Cathedral in the Falkland Islands on Sunday 11 November.