Stories for 2009

Friday, October 9th 2009 - 10:12 UTC
Economist Roubini warns about “the seeds of the next crisis”

The US economist widely credited with having predicted the financial crisis has warned we are already “planting the seeds of the next crisis”. Nouriel Roubini told the BBC that he is concerned about the growing gap between the “bubbly and frothy” stock markets and the real economy.
Friday, October 9th 2009 - 10:08 UTC
Euro-zone leaves rates unchanged: “uncertainty remains high”

The European Central Bank left the main rate at 1% and President Jean Claude Trichet said at a press conference in Venice on Thursday that the ECB has no plans to raise borrowing costs, describing their level as “appropriate”.
Friday, October 9th 2009 - 10:06 UTC
Gibraltar to UN: political deal against our wishes is democratically unsustainable

Gibraltar is politically, administratively and legislatively a self-governing country, Chief Minister Peter Caruana said Wednesday night during his address to the United Nations Fourth Committee in New York, reports the Gibraltar Chronicle.
Friday, October 9th 2009 - 10:04 UTC
Paraguayan president says he “does not want or wish” his re-election

“I don’t want nor do I wish my re-election” said Paraguayan president Fernando Lugo on Thursday. However he did admit he favoured the review of some of the Constitution’s articles.
Friday, October 9th 2009 - 05:42 UTC
Bank of England “wait and see policy” leaves QE unchanged at £ 175 billion

The Bank of England voted Thursday to hold interest rates at its 0.5% record low and continue with its £175 billion program to boost the money supply at its latest two-day meeting. The decision was taken despite concerns over the fragility of the UK recovery from recession.
Friday, October 9th 2009 - 05:33 UTC
Career diplomat nominated as US ambassador in Montevideo

President Barack Obama has announced his intent to nominate David D. Nelson to the post of United States Ambassador to Uruguay. His nomination has to be approved by Congress.
Friday, October 9th 2009 - 05:28 UTC
French Overseas Territories vote in January on degree of autonomy

Two French overseas territories, Martinique and French Guyana will be voting in an autonomy referendum next January 17, although the close relation with France will not be at stake. The announcement was made this week following a meeting of both OT leaders with President Nicholas Sarkozy.
Friday, October 9th 2009 - 05:20 UTC
Rockhopper confirms drilling of two wells in Falklands’ waters

Rockhopper Exploration oil and gas company which operates in the North Falkland Basin confirmed this week it was considering various options, including a share sale, to fund drilling activities scheduled to begin this coming austral summer in the South Atlantic
Thursday, October 8th 2009 - 11:19 UTC
Cuba confirms there is no such thing as a free lunch and ends free meals

Economist Nobel Milton Friedman use to say there is no such thing as a free lunch - but for years the majority of Cubans have been given free meals at state-run workplace canteens.
Thursday, October 8th 2009 - 11:14 UTC
All time US budget deficit record in 2009, equivalent to 9.9% of GDP

The US budget deficit more than tripled to a record 1.4 trillion US dollars in the fiscal year to 30 September, according to US Congress estimates. Congressional analysts had previously predicted a deficit of 1.6 trillion but revised their latest estimate, which comes after the end of the fiscal year.