Stories for January 19th 2009

Monday, January 19th 2009 - 20:00 UTC
UK unemployment forecasted to soar to 3.4 million

The United Kingdom unemployment will soar to 3.4 million as the financial crisis deepens, experts predicted ahead of official figures set to show the scale of the jobs crisis rocking the economy.
Monday, January 19th 2009 - 20:00 UTC
Euro zone economy in recession will begin to recover in 2010

The Euro zone economy will shrink 1.9% in 2009 and grow by only 0.4% n 2010, the European Commission has forecast. The Commission said in a statement that the whole European Union was facing a “deep and protracted recession”.
Monday, January 19th 2009 - 20:00 UTC
Arab economic summit in Kuwait to address global recession

The global economic crisis has cost Arab countries 2,500 billion US dollars in the last four months alone, according to Kuwait's foreign minister.
Monday, January 19th 2009 - 20:00 UTC
Venezuela supports OPEC production cuts of 2 to 4m bpd

Venezuela is ready to sponsor a new cut in crude production to protect the oil market, two to four million barrels per day, confirmed Rafael Ramirez, Energy Minister and President of Petroleos de Venezuela (PDVSA), the country's government owned oil corporation.
Monday, January 19th 2009 - 20:00 UTC
Ecuador closer to Iran which promised 200 million USD loan

Iran will loan more than 200 million US dollars to Ecuador and will study several investment projects in the country, Ecuador's President Rafael Correa announced during his Saturday radio and television program.
Monday, January 19th 2009 - 20:00 UTC
Two of the largest cruises vessels call in Montevideo

Two of the world's most impressive cruise vessels will be calling in Montevideo this week with over 7.000 visitors and 2.400 crew members. They are “Mariner of the Seas”, which is scheduled to spend next Thursday in Uruguay's capital, and on Sunday, “Queen Mary 2” on a 114 day global tour.
Monday, January 19th 2009 - 20:00 UTC
Ex Chilean Air Force chief arrested on embezzlement charges

A former Chilean Air Force chief was arrested Monday on charges of embezzling nearly 2.9 million US dollars in a 1994 government deal to buy second hand Mirage Elkan fighter jets from Belgium and refurbish them, according to a Santiago court.
Monday, January 19th 2009 - 20:00 UTC
What the world wants of Barak Obama

When Barack Obama is sworn in as the 44th president of the United States, the wish list that has been building abroad may have grown longer than he or anyone else can deliver.