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Montevideo, November 24th 2024 - 11:13 UTC

Stories for August 2009

  • Thursday, August 20th 2009 - 04:59 UTC

    UK Conservative MPs want salaries doubled to £ 130.000

    Chancellor Alistair Darling: such demands could not possibly be justified at a time when ordinary people were struggling

    The row over British Member of Parliament expenses has reignited after two senior Tories called for MPs to be given massive pay rises. Sir Patrick Cormack, who was a candidate for Commons Speaker, said their salaries should be doubled - from £64,766 to more than £130,000, in return for scrapping their controversial second homes allowances

  • Thursday, August 20th 2009 - 04:51 UTC

    “Deep scars” from recession will an effect for years to come, warns IMF

    IMF chief economist, Olivier Blanchard also anticipates unemployment will not peak until next year

    The world has begun to recover from recession but the process will not be simple, the International Monetary Fund (IMF) has warned. The recession has “left deep scars which will affect both supply and demand for many years to come” according to IMF chief economist, Olivier Blanchard.

  • Thursday, August 20th 2009 - 04:37 UTC

    Six million working age adults Britons claiming benefits

    UK unemployment figures for the three months to June showed the number had risen by almost 25,000 to 1.58 million

    The number of British working-age adults claiming benefits is set to hit six million this month, a UK think-tank has predicted. The centre-right Policy Exchange forecast the rise using official Government figures on benefit claimants and the latest unemployment figures.

  • Wednesday, August 19th 2009 - 23:28 UTC

    Falkland Islands Tourist Board launch marketing campaign in the UK

    The Falkland Islands Tourist Board has launched an innovative marketing campaign in the UK this week, to help protect the islands from the impact of the economic recession.

  • Wednesday, August 19th 2009 - 12:46 UTC

    Clear and reliable rules of the game, Uruguay’s main asset

    Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.

  • Wednesday, August 19th 2009 - 12:44 UTC

    Mujica meets President Bachelet and expresses admiration for Chile

    The Uruguayan presidential candidate said he wants to learn form Chile’s achievements

    Uruguay’s ruling coalition presidential candidate Senator Jose Mujica met on Tuesday with Chilean president Michelle Bachelet as part of a regional campaign to boost the Broad Front ticket. Last week Mujica and his ticket partner economist Danilo Astori met with Brazil’s Lula da Silva.

  • Wednesday, August 19th 2009 - 12:24 UTC

    Some positive signs for Argentine industrial activity in spite of poor data

    Food, tobacco, pharmaceutics, cement, were some of the sectors which less suffered

    Argentine industrial activity during July plunged for the tenth month running going down 9.5% compared to a year ago, and accumulates so far this year a contraction of 8.7%, according to a private financial consultant group based in Buenos Aires.

  • Wednesday, August 19th 2009 - 12:20 UTC

    Honduras breaks diplomatic relations with Argentina

    De facto president Micheletti also warned pro Zelaya protestors he will not tolerate “vandalism”.

    Honduras suspended diplomatic relations with Argentina on Tuesday in retaliation for having its ambassador expelled from Argentina last week. The move stems from tensions between the two countries over the June 28 coup in which Honduran President Jose Manuel Zelaya was replaced by congressional leader Roberto Micheletti.

  • Wednesday, August 19th 2009 - 12:10 UTC

    Catholic Church insists 40% of Argentines live in poverty

    The gap between poor and rich is unacceptable, said Bishop Casaretto.

    The Argentine Catholic Church insisted on Tuesday that 40% of the population is poor or living below the poverty line and the gap between rich and poor is “scandalous”. The statement comes when Argentine bishops are meeting in Buenos Aires,

  • Wednesday, August 19th 2009 - 12:06 UTC

    UK key inflation measure remains unchanged at 1.8%

    Electronic gadget prices were up but food and non-alcoholic prices were down.

    A key measure of inflation in the UK has unexpectedly remained at 1.8%. Economists had expected the Consumer Prices Index (CPI) to decline to 1.5% in July. The Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments also unexpectedly increased to -1.4%, from -1.6%.