Stories for March 2010

Tuesday, March 9th 2010 - 19:03 UTC
Immediate infrastructure reconstruction cost for Chile, 1.2 billion USD

Chilean Public Works Minister Sergio Bitar estimated that the reconstruction and reparation of sidewalks, airports, canals, and other infrastructure works will cost around 1.2 billion US dollars, after the earthquake that devastated the nation. The quake was an 8.8 on the Richter scale.
Tuesday, March 9th 2010 - 18:59 UTC
“European Monetary Fund” to cope with Greece type crises

The European Union is considering creating a rescue fund that could anticipate fundamental changes in the 27-country bloc and bring closer economic cooperation following Greece's debt crisis.
Tuesday, March 9th 2010 - 18:53 UTC
Britain files legal challenge against EC over Gibraltar waters row

The British Government has filed a legal challenge against the European Commission’s decision to re-list Spain’s controversial nature site in Gibraltar waters. Britain had already announced that it would take the step and the case was filed with the European Court of Justice last Thursday, just a day before the March 5 deadline.
Tuesday, March 9th 2010 - 18:50 UTC
Sir Edward Elgar £ 20 notes out of circulation from June 30

The Bank of England has announced that the £20 banknotes depicting composer Sir Edward Elgar are to be removed from circulation from 30 June. The Elgar notes are presently being used alongside the new Adam Smith £20 note, and will remain legal tender up to and including 30 June.
Tuesday, March 9th 2010 - 18:43 UTC
US advertising on digital media higher than on print in 2010

United States advertisers are spending more this year on digital media than on print according to the latest study by Outsell. Long predicted, the Madison Avenue milestone has finally arrived thanks to a 9.6% boom in digital advertising in 2010.
Tuesday, March 9th 2010 - 18:39 UTC
A couple of red wine glasses a day help ladies keep their waist line

Women who drink moderate amounts of alcohol gain less weight than abstainers according to a report published this week in the United States and based on thirteen years of scientific data.
Tuesday, March 9th 2010 - 07:45 UTC
Falklands' tension, no risk of military conflict says Jane’s analyst

Exploratory oil drilling, which began last month in waters north of the Falkland Islands (whose sovereignty remains contested by the United Kingdom and Argentina) has upped the tension level in the region, the security information provider Jane's has noted.
Tuesday, March 9th 2010 - 07:43 UTC
“No left turn” for Brazilian “successful and tested” economic policies

Brazil’s Finance minister Guido Mantega discarded any “left turn” or leaning towards the left with the country’s economic policy in the event of a victory by the incumbent candidate and cabinet chief Dilma Rousseff.
Tuesday, March 9th 2010 - 07:39 UTC
Brazil implements sardine conservation awareness program

Sardine has long been a staple food for many Brazilian families and 100.000 tons were unloaded in Brazilian ports during 2009, mostly in the states of Rio do Janeiro, Santa Catarina and Sao Paulo. However there are growing risks of over-fishing and an awareness plan has been implemented.
Tuesday, March 9th 2010 - 07:32 UTC
Brazil/US WTO cotton retaliatory dispute takes off

Brazil announced Monday it would levy a total of 591 million US dollars in retaliatory tariffs on US goods under a ruling against US cotton subsidies granted by a World Trade Organization last year. However Brazil also sent a conciliatory message.