Stories for November 11th 2009

Wednesday, November 11th 2009 - 11:32 UTC
Brazil downplays Venezuela/Colombia “continental rhetoric”

Differences between Venezuela and Colombia won’t reach extreme situations and both neighbours will find a way out through dialogue, said Brazilian Defence Minister Nelson Jobim.
Wednesday, November 11th 2009 - 11:29 UTC
Chavez “war alert” shell-shocks Mercosur admission debate in Brazil

Venezuela’s Hugo Chavez alert calling on the Army and the people to prepare for “a possible war” with Colombia shell-shocked the Brazilian Senate that this week is scheduled to vote on Venezuela’s full incorporation to Mercosur.
Wednesday, November 11th 2009 - 11:23 UTC
Argentina Seeks to Resolve Defaulted Debt Issues, While “Vulture Funds” Are Determined to Undermine

The Argentine government recently announced a plan to offer a debt swap to investors still holding US$20 billion (plus interest) in unpaid bonds from the country’s 2001 debt default.
Wednesday, November 11th 2009 - 11:20 UTC
UK risks loosing AAA sovereign credit rating because of budget deficit

The United Kingdom is the developed nation most at risk of losing its AAA sovereign credit rating because of the budget deficit and virtually no margin left in the event of another downturn, Fitch warned Tuesday.
Wednesday, November 11th 2009 - 11:15 UTC
Glaxo donates 50 million doses of H1N1 virus vaccine to WHO

The international laboratory GlaxoSmithKline has promised to donate 50 million doses of pandemic H1N1 vaccine to the World Health Organization (WHO) under an agreement signed at WHO headquarters in Geneva.
Wednesday, November 11th 2009 - 11:11 UTC
Foreign Office embarrassed: Sorry, did you mean Algeciras or Algeria?

In 2006, British officials filed an application to list part of Gibraltar waters as an EU protected nature site. Now it has emerged they got the wrong coordinates: Instead of designating the sea around Gibraltar, they listed a stretch of water somewhere off the coast of Algeria.
Wednesday, November 11th 2009 - 11:07 UTC
Lloyds Group announced more jobs cuts: 5.000 positions in 2010

Lloyds Banking Group is to axe thousands of jobs next year in a fresh wave of cuts under plans to reduce costs, sources have said. Up to 5,000 positions are expected to be cut in the UK in 2010, on top of thousands already slashed this year.
Wednesday, November 11th 2009 - 11:01 UTC
Shoplifting by affluent shoppers hit the recession soars in the UK

United Kingdom affluent shoppers hit by the recession are fuelling a shoplifting crime-wave, according to research. Middle-class people reluctant to give up luxuries they can no longer afford are behind thefts of expensive foods, alcohol and cosmetics, the Centre for Retail Research data claimed.
Wednesday, November 11th 2009 - 10:55 UTC
IEA forecasts 40% energy demand growth by 2030; mostly fossil fuels

World global demand for energy which has fallen in 2009 because of the recession is forecasted to soar 40% by 2030 and the Copenhagen summit next month will be “crucial” to design an energy sustainable future according to the “World Energy Outlook 2009” released in London by the International Energy Agency.
Wednesday, November 11th 2009 - 10:50 UTC
Peruvian navy interested in Argentine manufactured sea-air missiles

The Peruvian Navy expressed interest in the acquisition of Argentine manufactured missiles currently under development, basically a version of the sea air Aspide, according to a Monday release from the Argentine Defence ministry.