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Stories for March 10th 2009

• Tuesday, March 10th 2009 - 07:58 UTC

  Developing countries face financial shortfall of 700 bn USD, says World Bank

  

  With many in the private sector eschewing emerging markets, developing countries – only one quarter of which have the resources needed to prevent a spike in poverty – face a financing shortfall of up to 700 billion US dollars this year, according to the World Bank.

• Tuesday, March 10th 2009 - 07:13 UTC

  RAF Nimrods withdrawn from overseas operations

  

  Britain’s Royal Air Force fleet of Nimrod surveillance planes, some of which were involved in the 1982 Falkland Islands conflict, has been temporarily withdrawn from operations overseas, almost a year after a coroner called for the aircraft to be grounded because of safety concerns.

• Tuesday, March 10th 2009 - 07:12 UTC

  Chile’s economy gradually approaching recession

  

  Chile’s economy is forecasted to expand 0.2% in 2009 according to the latest Central Bank Expectations Survey compiled during March. This is a significant drop from the previous survey in February when the forecast was 1.2%.