Stories for August 2008

Saturday, August 2nd 2008 - 21:00 UTC
Spain and Chile plan largest wind farm in South America

Chile and Spain will spend more than one billion US dollars to set up Latin America's largest wind farm in the South American country, according to the Spanish news agency EFE.
Saturday, August 2nd 2008 - 21:00 UTC
US unemployment rising hits four year high in July: 5.7%

The United States unemployment rate increased to a four-year high in July according to a Labor Department report issued Friday which shows 5.7% of the US workforce is out of a job, a slight increase from June.
Saturday, August 2nd 2008 - 21:00 UTC
Oracles turned sour: credit rating agencies on the bench

Credit rating agencies could be banned or prosecuted under a draft European Union law aimed at making them more accountable for the advice they give. Firms that rate debt investments, such as Fitch, Moody's and Standard & Poor's, have been criticized for their role in the sub-prime mortgage crisis.

The new law would replace a voluntary code of conduct.
Saturday, August 2nd 2008 - 21:00 UTC
Russia plans trading company to control cereal exports

Russia is to form a state grain trading company that will control the majority of the country's cereal exports, it has been reported.
Saturday, August 2nd 2008 - 21:00 UTC
UN General Assembly president Srgjan Kerim visits Argentina

United Nations General Assembly President Srgjan Kerim yesterday met with Vice-President Julio Cobos and Foreign Minister Jorge Taiana as part of an official three-day visit to Argentina, which is part of a wider tour in South America.
Saturday, August 2nd 2008 - 21:00 UTC
Brazil launches Amazon rainforest protection fund

Brazilian President Luiz Inacio Lula da Silva has called on developed countries to donate money to a new fund designed to protect the Amazon rainforest.
Saturday, August 2nd 2008 - 21:00 UTC
CFK: “I would do each and every thing that I did again”

Argentine President Cristina Fernandez, who has spent most of her first eight-months in office in a deep political crisis, defended her administration on Saturday and ruled out further cabinet changes.
Friday, August 1st 2008 - 21:00 UTC
Exceptional papal waiver for bishop president in Paraguay

Pope Benedict granted an unprecedented waiver to allow former bishop and elected president Fernando Lugo to serve as head of Paraguay Executive without violating church rules, said the Vatican representative in the capital Asuncion.
Friday, August 1st 2008 - 21:00 UTC
Falkland Islands: Weekly Penguin News Update

Headlines: Champions!; 'Medical Services' tax dropped; FIGAS fares capped at £50; Experts to deal with Ocean 8 wreck; Commonwealth Games team prepares for Pune.
Friday, August 1st 2008 - 21:00 UTC
US economy picks up but Governors give different picture

The US economy has been boosted by the government's 168 billion stimulus package, according to the US Treasury Secretary Henry Paulson. Official figures showed that gross domestic product (GDP) rose at an annual rate of 1.9% between April and June, up from 0.9%.