Stories for May 12th 2009

Wednesday, May 13th 2009 - 02:01 UTC
UK adult minimum wage £ 5.80 an hour from next October

The United Kingdom announced that the national minimum wage is to increase by 7p to £5.80 an hour. The new adult rate for workers aged 22 and over will come into effect in October.
Wednesday, May 13th 2009 - 01:50 UTC
Senior Tory MPs agree to repay “excessive” expenses

Britain’s opposition leader David Cameron says he will lead senior Conservatives in repaying “excessive” expenses - warning that he will boot any MPs who refuse out of the party.
Wednesday, May 13th 2009 - 01:48 UTC
Record unemployment in UK, totals 2.2 million

United Kingdom’s unemployment has jumped by almost a quarter of a million to take the total to 2.2 million, official figures have revealed. Data showed a quarterly rise of 244,000 - the biggest increase in the number of people looking for a job since 1981.
Wednesday, May 13th 2009 - 01:39 UTC
Washington expresses full support for Paraguayan president Lugo

United States explicitly expressed support for Paraguayan president Fernando Lugo and his administration in response to some “instability” rumours which are “not positive” for the country.
Tuesday, May 12th 2009 - 10:39 UTC
Nobel laureates warn about risks of a “lost decade”

Nobel Economics laureate Edgard Prescott and Joseph Stiglitz warned Monday of a “lost decade” and a worsening of the global financial crisis in the short term during a forum in Sao Paulo, Brazil. The “lost decade” reference is to the stagnation of the economy as happened with Japan during the nineties.
Tuesday, May 12th 2009 - 10:03 UTC
Global economy close to “inflection point” says leading central bankers

The global economy has stopped its steep slide and is on the verge of making the long, slow climb back toward stability, said European Central Bank President Jean Claude Trichet who chaired on Monday a meeting of the world's leading central bankers.
Tuesday, May 12th 2009 - 10:00 UTC
More autochthonous dengue cases reported in the capital Buenos Aires

Argentine sanitary officials confirmed Monday five new cases of autochthonous dengue in the capital Buenos Aires and another in the province of Buenos Aires while the official figures from the federal ministry of Public Health indicate that there are 23.470 confirmed infections from the mosquito transmitted disease.
Tuesday, May 12th 2009 - 09:51 UTC
Immediate Argentine reaction to UK’s Falklands’ sea shelf submission

The Argentine government expressed on Monday its most vigorous rejection to “the United Kingdom’s pretension to establish maritime spaces round the Malvinas, South Georgia and South Sandwich islands, which are part of Argentine national territory”.