Stories for 2009

Wednesday, September 2nd 2009 - 07:49 UTC
China confirms stimulus and credit policies to prop economy

Chinese top leaders reaffirmed on Tuesday the country’s stimulus program and easy credit policy following one of the worst monthly performances of the Shanghai and Shenzhen markets fearing recovery efforts could be loosing steam.
Wednesday, September 2nd 2009 - 07:41 UTC
Euro zone record in July: 15.1 million jobless

Unemployment in the 16-member Euro zone hit a 10-year high in July, data released Tuesday showed. EU statistics office Eurostat said that another 167,000 people were unemployed in the Euro zone during July, pushing the jobless rate up to 9.5% from 9.4% in June which takes the total to 15.1 million people.
Wednesday, September 2nd 2009 - 07:35 UTC
IATA: air transport sector a “disaster”; airlines set to loose 9 billion USD

”The global situation of the air transport sector is a disaster” said Giovanni Bisignani, IATA’s Director General and CEO in a speech to JURCA, the association of airlines operating in Argentina.
Wednesday, September 2nd 2009 - 07:23 UTC
Terrorist suspect to be confirmed as Iranian Defence minister

Iranian MPs have strongly backed the defence minister-designate, in defiance of Argentine demands for his arrest over a 1994 bombing in Buenos Aires. Ahmad Vahidi faced no opposition from MPs on the third day of a debate on President Mahmoud Ahmadinejad's choices for his new cabinet.
Wednesday, September 2nd 2009 - 07:16 UTC
Penny-saving Brits in July pay back more than they borrow

The amount of debt Britons owe fell for the first time since records began during July, figures show. People repaid £635 million more than they borrowed during the month, reducing outstanding lending to £1.456 trillion.
Wednesday, September 2nd 2009 - 07:13 UTC
Commonwealth fully suspends Fiji for refusing to call elections

The Commonwealth has fully suspended Fiji after it refused to bow to demands to call elections by next year. Secretary General Kamalesh Sharma cited the Pacific island country's lack of progress towards democracy.
Wednesday, September 2nd 2009 - 07:09 UTC
Scrappage program boosts Ford, Toyota and Honda sales in the US

US car sales responded positively to the government's 3 billion US dollars “Cash for Clunkers” program, led by a 17% sales jump at Ford and higher sales from Japan auto makers Toyota and Honda. However General Motors, Chrysler and Nissan still reported lower sales.
Wednesday, September 2nd 2009 - 07:01 UTC
Chinese company moves heavily into Canadian oil sands

PetroChina plans to acquire a majority stake in Canada’s Athabasca Oil Sands which holds the largest lease in Alberta’s oil sands. The 1.7 billion US dollars deal with Asia’s largest oil company means taking control of 60% of the 1.3 million acres of oil sand leases held by Athabasca.
Wednesday, September 2nd 2009 - 02:36 UTC
Climate change alarmism discredits the science

Almost every day there is a new dire warning about global warming. But some claims regarding global warming are more extreme than others overselling the issue and can potentially damage the argument.
Tuesday, September 1st 2009 - 22:19 UTC
FAO: New treaty will leave fish pirates without safe haven

91 FAO Members have agreed on an international agreement to implement “port state measures” to combat illegal fishing.