Stories for 2009

Wednesday, January 7th 2009 - 20:00 UTC
Inquiry into Ice Patrol HMS Endurance accident

The Portsmouth press carried a piece on the odyssey of Ice patrol HMS Endurance, now resting safely in the Falkland Islands, while a team of naval and civilian personnel is completing a full survey of the damage suffered.
Wednesday, January 7th 2009 - 20:00 UTC
“Ponzi” Madoff inquiry targets SEC and regulators

The US Congress has launched an inquiry into a suspected 50 billion US dollars fraud allegedly run by the US hedge fund manager, Bernard Madoff. The House Financial Services Committee is to question regulators and investors to try to determine why the authorities failed to uncover the scandal.
Wednesday, January 7th 2009 - 20:00 UTC
Capsized yachtsman rescued by fellow competitor in C. Horn

The French navigator whose yacht capsized in the extreme South Pacific during the Vendée Globe solo round-the-world race was rescued Tuesday night by his friend, a fellow competitor, after he was trapped inside the hull of his upturned boat in heavy seas for 16 hours
Wednesday, January 7th 2009 - 20:00 UTC
Dakar rally in Argentina claims motorcyclist life

French motorcyclist Pascal Terry has been found dead after being reported missing on Sunday during the second stage of the Dakar Rally which was relocated to Argentina and Chile for its 31st edition.
Wednesday, January 7th 2009 - 20:00 UTC
Women's clothing icon Viyella goes into administration

Britain's women's clothing firm Viyella, which dates back to 1784, has become the latest well-established retail firm to call in administrators. There has been speculation for days that the future of the company, one of the UK's longest established clothing manufacturers, was uncertain.
Wednesday, January 7th 2009 - 20:00 UTC
On his last days Bush turns advocate of maritime monuments

A vast swathe of the Pacific, including an area near New Zealand territory, has been declared part of a United States national maritime monument. President George Bush, in the dying days of his administration, made the startling declaration by saying in the White House “we're fixing to do some fabulous policy”.
Wednesday, January 7th 2009 - 20:00 UTC
Obama takes off with 1,2 trillion budget deficit, 8.3% of GDP

The sharp slowdown in the US economy will push the federal budget deficit to more than one trillion US dollars, the non-partisan Congressional Budget Office (CBO) announced Wednesday. The 1.186 trillion USD deficit for the fiscal year ending on 30 September would be the largest on record.
Wednesday, January 7th 2009 - 20:00 UTC
Chile's presidential election has two main candidates

A public opinion poll gauging the support of what are considered Chile's five main political leaders –and presidential hopefuls--, shows the head of the conservative opposition leading comfortably, but his runner up is closing in.
Wednesday, January 7th 2009 - 20:00 UTC
Uruguay, Peru, Brazil best performing economies

Brazil's economy, Latin America's largest, will likely end 2008 with an expansion of 5.9%, according to new estimates from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
Wednesday, January 7th 2009 - 20:00 UTC
Accounting fraud (Enron style) rocks Indian markets

A four-day relief rally on India's stock market ended abruptly on Wednesday after the chairman of Satyam Computer Services Ltd resigned with a confession of accounting fraud in India's biggest corporate governance scandal.

Satyam's shares collapsed 78%, leading the bellwether Sensex index on the Bombay Stock Exchange (BSE) down 7.3%.