MercoPress. South Atlantic News Agency
Stories for November 12th 2008
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Wednesday, November 12th 2008 - 20:00 UTC
International tourism slowing, but still growing says UN
International tourism has started slowing rapidly since the middle of the year, reflecting consumer concern worldwide and rising inflation in many countries, the United Nations reports in its latest measure of the health of the global travel industry.
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Wednesday, November 12th 2008 - 20:00 UTC
Falklands' farms go green; 40% organic status by 2010/11
TEN Falklands farms have registered to convert their farm production units to internationally recognised organic status. Should all go well this will mean nearly 40% of the Falkland Islands will have organic status by 2010/11.
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Wednesday, November 12th 2008 - 20:00 UTC
Ban Ki-moon calls for greater action to rid world of land mines
More efforts are needed to eliminate landmines and other explosive devices, despite the great strides made in ridding the world of the deadly weapons, said Secretary-General Ban Ki-moon.
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Wednesday, November 12th 2008 - 20:00 UTC
Petrobras admits cash strapped to develop ambitious expansion
Brazilian government managed oil company Petrobras announced on Tuesday that net income rose 96% in the third quarter thanks to a stronger US dollar and increased production. However this did not prevent shares from sliding 14% on Wednesday trading because of falling oil prices and the expanding global financial crisis.
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Wednesday, November 12th 2008 - 20:00 UTC
UN “resilience committee” to boost tourism industry
Tourism ministers from around the world have agreed to set up a new United Nations-backed committee to consider how to respond both to the downturn in international travel as a result of the global financial crisis and the impact of climate change.
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Wednesday, November 12th 2008 - 20:00 UTC
Paulson changes focus of bail out plan to spur liquidity
The 700 billion US dollars bail-out package has already “clearly helped stabilise” the financial system, US Treasury Secretary Henry Paulson said on Wednesday but he also warned there were still many challenges ahead and market turbulence was likely to continue for some time.
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Wednesday, November 12th 2008 - 20:00 UTC
UK “very likely” in recession; 11–year high unemployment
Unemployment in the United Kingdom hit an 11-year high as the Bank of England signalled that interest rates could plunge to record lows to lift the economy out of recession which is “very likely” already in recession.
