Stories for 2009

Friday, January 23rd 2009 - 20:00 UTC
Roubini says UK recession with last 18 to 24 months

UK's recession will last between one and a half and two years, a leading economist has warned. That is the estimate of Nouriel Roubini, professor of economics at New York University, and one of the few people to predict the credit crunch.
Friday, January 23rd 2009 - 20:00 UTC
“Sad pictures” of Falklands' war HMS Intrepid torn apart

London's Mail on line published Friday what it describes as “sad pictures” showing the HMS Intrepid, one of the mainstays of the Falklands Task Force, being torn apart in Britain's biggest ever recycling operation.
Friday, January 23rd 2009 - 20:00 UTC
Tricky coincidences of Mrs. Kirchner's overseas agenda

The tricky coincidences of Argentine president Cristina Fernandez de Kirchner diplomatic calendar agenda could again leave her exposed: next April 2nd, which marks the beginning of the Falkland Islands conflict in 1982, will have her in London for a top global economic summit hosted by British PM Gordon Brown.
Thursday, January 22nd 2009 - 20:00 UTC
Brazil targets growth and cuts basic rate one full point

Brazil's Central bank reduced its benchmark SELIC interest rate a full point to 12.75% on Wednesday, its biggest cut since December 2003. Policy makers slashed the Selic rate by 1 percentage point to its lowest level since March 2007, when Brazil was still enjoying a boom that ended abruptly with the global economic crisis late last year.
Thursday, January 22nd 2009 - 20:00 UTC
Chile: Billiton defers copper expansion project, axes 2.000 jobs

The world's largest diversified mining corporation, Anglo-Australian BHP Billiton announced on Wednesday 6.000 job cuts, 2.000 of which at operations in copper mines in Chile following the decision to defer expansion projects.
Thursday, January 22nd 2009 - 20:00 UTC
Constructive relation with Spain enhance Gibraltar conditions

Gibraltar's Chief Minister Peter Caruana declared that the British Overseas Territory's quality of life and socio-economic and political opportunities are enhanced when relations with Spain are the most constructive possible.
Thursday, January 22nd 2009 - 20:00 UTC
Low prices high costs threaten Argentine squid industry

Argentina's squid sector is “hopeful, yet concerned” about the season which is scheduled to begin in a few days time, said Fernando Georgiadis, chairman of the country's Chamber of Jigger Vessels, CAPA in an interview with FIS.
Thursday, January 22nd 2009 - 20:00 UTC
Obama takes presidential oath of office a second time

Barack Obama retook on Wednesday the US presidential oath of office, after the inauguration blunder that was heard throughout the world. Supreme Court Chief Justice John Roberts delivered the oath to Mr Obama at the White House in a rare move in which no TV camera crews or news photographers were allowed in.
Thursday, January 22nd 2009 - 20:00 UTC
Overwhelming support for Hillary Clinton Secretary of State

The United States Senate in an overwhelming 94 to 2 vote Wednesday, gave final approval to the nomination of Senator and former First Lady Hillary Clinton as Secretary of State. Action was delayed by one day because of Republican concerns about fund-raising by former President Bill Clinton's charitable foundation.
Thursday, January 22nd 2009 - 20:00 UTC
US Coast Guard conditions vessels arriving from Venezuela

As of January 23 the United States Coast Guard is imposing conditions of entry on vessels arriving from Venezuela. The measures will be applied to “any type of vessels arriving from Venezuela”.