Stories for January 2010

Wednesday, January 20th 2010 - 09:03 UTC
The process to keep Japan’s flag carrier alive has began, says minister

Japan Airlines is to slash about 15,700 jobs and receive an 8 billion USD lifeline as part of turnaround efforts after filing for bankruptcy protection. The collapse of JAL, Asia’s top carrier was widely expected after it struggled with the aviation downturn and a debt burden of more than 25 billion USD.
Wednesday, January 20th 2010 - 09:00 UTC
Marbled chocolate: Kraft Foods takes over Cadbury; job losses anticipated

Job losses are “an inevitability” at Cadbury after its takeover by US giant Kraft Foods, the UK firm's chairman has confirmed to the BBC. Without estimating how many positions would be affected, Roger Carr said jobs would go at Cadbury's head office in Uxbridge, London.
Wednesday, January 20th 2010 - 08:55 UTC
Chile and China make huge investments to increase copper production

Chile’s state-owned mining company, Codelco, last week announced a 1.9 billion US dollars project to develop a subterranean mine at its Chuquicamata opencast mine facility in Chile’s northern Atacama region (region III).
Wednesday, January 20th 2010 - 07:04 UTC
UK December inflation jumps to 2.9%, biggest rise in a single month

Inflation in the United Kingdom jumped at a record rate in December, official figures have shown. The Consumer Prices Index (CPI) hit 2.9% last month - much higher than expected by the City - compared with just 1.9% in November.
Wednesday, January 20th 2010 - 06:59 UTC
E-Clear-Flyglobespan collapse: £35 million “no longer there”

E-Clear, the company responsible for online ticket sales at the failed Scottish airline Flyglobespan, has been placed into administration. Flyglobespan also had the UK Ministry of Defence contract for the air bridge between Brize Norton and MPA in the Falkland Islands.
Wednesday, January 20th 2010 - 06:51 UTC
Paraguay thanks Colombia for help in the release of a kidnapped rancher

The Paraguayan government and the family of a liberated cattle rancher, kidnap victim of an armed group, have thanked Colombia because the aid and intelligence provided for the liberation were “decisive”, announced Colombian President Alvaro Uribe in Bogotá.
Wednesday, January 20th 2010 - 06:43 UTC
Venezuela will become Mercosur fifth full member “next March”

Venezuela’s incorporation to Mercosur will be completed next March according to ABN news agency from Caracas. Apparently the formality will take place in the second week of March following the end of the Paraguayan congressional recess.
Tuesday, January 19th 2010 - 13:57 UTC
For many Port-au-Prince residents, situation is catastrophic says Red Cross

“Access to shelter, sanitation, water, food and medical care remains extremely limited,” said Riccardo Conti, the International Committee of the Red Cross, CRC head of delegation in Haiti.
Tuesday, January 19th 2010 - 13:45 UTC
Argentina/Brazil review bilateral trade in February

Argentina and Brazil will be meeting early February in Buenos Aires to assess how bilateral trade has been evolving and to plan the following steps to keep improving trade relations between Mercosur senior members.
Tuesday, January 19th 2010 - 13:40 UTC
IMF warns it’s too early to withdraw stimulus packages

International Monetary Fund Managing Director Dominique Strauss-Kahn said it’s too early for policy makers to withdraw stimulus that’s driving the global recovery.