Stories for September 25th 2008

Thursday, September 25th 2008 - 21:00 UTC
China has no hegemony aspiration Hua Jiabao tells UN

China is pursuing a path of peaceful development, building its military strength only to protect its sovereignty and territorial integrity, the General Assembly's high-level debate was told on Wednesday.
Thursday, September 25th 2008 - 21:00 UTC
Live cattle prices in Uruguay sliding after peaking in August

Live cattle prices in Uruguay after reaching a historic peak in mid August have begun to drop significantly following the meat industry's decision to soften activity and a drop in demand from Russia and to a certain extent the European Union.
Thursday, September 25th 2008 - 21:00 UTC
British priest killed by Pinochet Navy could be lead case

The sister of an Anglo-Chilean Catholic priest Miguel Woodward, who disappeared in 1973 in Valparaiso after having been held captive in a naval school vessel, called on the Chilean Navy to assume “responsibilities” for human rights abuses committed during the military regime (1973/1990).
Thursday, September 25th 2008 - 21:00 UTC
EU announces strict rules but no US style banks bail out

Europe does not need a US-style bail-out of banks, but must introduce stricter financial supervision, a top EU official has said. Economy commissioner Joaquin Almunia said mimicking the 700 billion US plan to unfreeze credit markets was unnecessary because the situation was “less acute”.
Thursday, September 25th 2008 - 21:00 UTC
Financial crisis: Bush appeals to Congress, Obama and McCain

Americans must support a massive bail-out of financial markets to ease a “serious financial crisis”, US President George W Bush said on Wednesday. The entire economy was in danger, he said in a live TV speech, and failure to act now would cost more later.

He has invited presidential rivals John McCain and Barack Obama to the White House on Thursday to discuss the 700 billion US dollars rescue package.

The rivals have disagreed on delaying a TV debate over the economic turmoil.
Thursday, September 25th 2008 - 21:00 UTC
UK reveals design of Identity cards for foreign nationals

The United Kingdom Border Agency revealed on Thursday the design of the first identity cards to be issued to foreign nationals in the UK.
Thursday, September 25th 2008 - 21:00 UTC
First case mother and son mad cow deaths confirmed in Spain

The mother of a Spanish man who died from mad cow disease also succumbed to the illness, announced on Thursday the Spanish Ministry of Health.
Thursday, September 25th 2008 - 21:00 UTC
Brazil unemployment at its lowest level since 2001: 7.6%

Brazilian unemployment in August fell to its lowest level since 2001 thanks in part to the nation's solid economic growth. The country's official statistics institute IBGE said the rate dropped to 7.6% from 8.1% in July and 1.9 percentage points from August 2007.
Thursday, September 25th 2008 - 21:00 UTC
Vale Doce and Norsk Hydro expand Brazil's alumina pole

Norwegian aluminum group Norsk Hydro announced on Thursday that it will join with the Brazilian metals and mining company Vale Doce to build a new alumina refinery in northern Brazil, an investment totaling 2.6 billion US dollars.
Thursday, September 25th 2008 - 21:00 UTC
EU bans Chinese baby food and could include other foods

The European Union has banned imports of baby food that contains Chinese milk and is considering restrictions on other Chinese food products with powdered milk, as a tainted milk scandal in China takes on international proportions.