Stories for 2008

Monday, April 21st 2008 - 21:00 UTC
Company reveals treasure comes from Spanish galleon

After months of secrecy and under pressure from Spain, Odyssey Marine Exploration has finally named the wreck from which it recovered a haul of valuable treasure last year operating from Gibraltar.
Monday, April 21st 2008 - 21:00 UTC
Morales: “eliminate capitalism” to save planet and mankind

Bolivian President Evo Morales has called for an end to capitalism as part of a series of radical measures “to save the planet and mankind”.
Monday, April 21st 2008 - 21:00 UTC
IEA: world's energy economy is not on sustainable path

“With oil prices surging over 110 US dollars a barrel and growing concerns over the environmental repercussions of the world's spiraling energy demand, the dialogue between energy producing and consuming countries is more meaningful than ever”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA).
Monday, April 21st 2008 - 21:00 UTC
UN Continental shelf committee received Mexican submission

The United Nations Commission on the Limits of the Continental Shelf dealt with the submission presented by Mexico, the ninth it has received so far. This was the twenty first session of the Commission and was held at UN headquarters from 17 March to 18 April.
Monday, April 21st 2008 - 21:00 UTC
Lula da Silva blames farm subsidies and oil for food crisis

Brazilian president Lula da Silva, currently visiting Ghana, blamed rising oil prices for the current global food crisis, saying that bio-fuels had nothing to do with the problem, as some have suggested. He insisted escalating oil prices are pushing up freight costs, which in turn affects world food prices.
Sunday, April 20th 2008 - 21:00 UTC
Argentina; Smoke cloud engulfs Buenos Aires for 5th day

President Cristina Fernandez surveyed more than 200 raging brush fires by air, vowing to prosecute anyone who lit the blazes that have sent smoke billowing across the capital, clouding highways and grounding jetliners.
Sunday, April 20th 2008 - 21:00 UTC
Paraguay cracks six decades of iron fist one party rule

Former Catholic bishop Fernando Lugo won a historic victory in Paraguay's Sunday presidential election, signaling the demise of more than six decades of one-party hegemonic rule in one of South America's poorest countries.
Sunday, April 20th 2008 - 21:00 UTC
Lorca to return to Chile as PSV clinch championship for the 21st time

Chilean international Juan Lorca will return to Colo Colo as Vitesse Arnhem can not afford to buy the player for the reported €2 millions (euros) that the Chilean club are asking. Lorca's one year loan deal has expired and although he would like to stay in Holland no other club has indicated their intention to sign him.
Saturday, April 19th 2008 - 21:00 UTC
UK's second bank shareholders asked to inject cash

Britain's second largest bank, Royal Bank of Scotland, is to ask shareholders for about £10 billion of extra cash to improve its financial position, reports BBC.
Saturday, April 19th 2008 - 21:00 UTC
Citigroup losses: when bad news becomes good news

New York based Citigroup has suffered a second massive loss and is cutting 9,000 jobs as the credit crisis continues to take its toll on the biggest US bank.