Stories for 2009

Tuesday, March 24th 2009 - 13:19 UTC
WTO forecasts 9% drop in global trade volume in 2009

Global trade will experience its biggest annual drop in more than 40 years this year, the World Trade Organization said Monday. In its annual trade outlook, the WTO said that the economic recession will cut the desire for the countries to do business with one another in 2009, slicing the actual volume of exports by 9%.
Tuesday, March 24th 2009 - 13:14 UTC
Vietnam targets Brazil and Chile as seafood markets

Vietnamese businesses are looking to South America for new market opportunities for a range of competitive products, including seafood, trade officials said. Brazil has authorized 60 Vietnamese companies to export fish products to the country the Vietnam Trade Office in Brazil confirmed, reports Vietnam Net.
Tuesday, March 24th 2009 - 13:09 UTC
Gibraltar Tripartite talks a “model” for dispute management

The Gibraltar Tripartite Forum model, with all parties having their own voice and with an open agenda for discussion, provides a mechanism for the management (if not the resolution) of any dispute. That is one of the conclusions reached by Professor Peter Gold of the University of West England in a recent academic article on the Gibraltar ‘problem’.
Tuesday, March 24th 2009 - 08:07 UTC
Crashed aircraft remains found in Tierra del Fuego 59 years later

Relatives from the lost crew of the Argentine Air Force British built Avro Lincoln MK II which crashed in Chilean Tierra del Fuego in 1950, and were only found recently are requesting Presidents Michelle Bachelet and Cristina Fernandez de Kirchner to authorize the repatriation of the remains.
Tuesday, March 24th 2009 - 07:12 UTC
Uruguayan president in China to promote trade and investments

Visiting Uruguayan president Tabare Vazquez and his Chinese counterpart Hu Jintao called Monday for “firm results” from the coming G-20 summit in London next week according to reports in the official Chinese press.
Tuesday, March 24th 2009 - 05:38 UTC
Princess Anne begins visit to Falkland Islands and South Georgia

Princess Anne and her husband Vice-Admiral Timothy Laurence arrived Monday in the Falklands for a visit to the Islands and South Georgia. She is travelling to the South Atlantic at the invitation of the South Georgia Heritage Trust, SGHT.
Tuesday, March 24th 2009 - 05:30 UTC
Monaco prime property averaged 55.000 Euros per sq. meter in 2008

Monaco has the most expensive prime property in the world, costing an average of 55.000 Euros per square metre in 2008 for the best properties. But the prices for prime properties throughout the world are coming under pressure from the credit crunch, according to the latest Knight Frank Prime International Residential Index.
Monday, March 23rd 2009 - 22:44 UTC
Positive reaction to US plan to buy one trillion USD in toxic assets

United States announced Monday details of a plan to buy up to one trillion US dollars worth of toxic assets to help repair banks' balance sheets. The “Public-Private Investment Programme” will purchase the troubled mortgages and securities that have been at the root of the credit crunch.
Monday, March 23rd 2009 - 13:30 UTC
UK auto industry calls for “scarappage scheme”

British Business Secretary Lord Mandelson said that UK motor companies will survive “if they take the right decisions” despite another huge monthly fall in car production. Official figures showed the number of cars made in the UK last month fell 59% compared with February 2008, while commercial vehicle production slumped by 71.6%.
Monday, March 23rd 2009 - 13:29 UTC
Airlines mishandled 42 million bags in 2007, says consumer watchdog

Airlines mishandled 42 million bags worldwide in 2007 compared to 30 million in 2005 according to the Air Transport Users Council. The consumer watchdog for the airline industry recalled that airlines primary duty to passengers is to put into place systems that will mean they mishandle as few bags as possible.