Stories for April 23rd 2010

Friday, April 23rd 2010 - 02:45 UTC
UK record borrowing in 2009/10 to cover biggest budget deficit since WW2

UK Primer Minister Gordon Brown’s government borrowed a record £163.4 billion in the 2009/2010 financial year, according to figures published Thursday. While it is the biggest budget deficit since the Second World War, the figure is lower than Chancellor Alistair Darling’s prediction in the budget of £166.5 billion for the year.
Friday, April 23rd 2010 - 02:41 UTC
Ash-cloud travel restrictions cost Spain’s tourism industry 259 million Euros

Spanish tourism lost 252 million Euros over six days because of travel restrictions caused by the volcanic ash cloud which grounded air traffic in Europe, industry body Exceltur said on Wednesday.
Friday, April 23rd 2010 - 01:40 UTC
Chile’s nationalized copper company taps private sector CEO

Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.
Friday, April 23rd 2010 - 01:26 UTC
Latam growingly dependent on Chinese demand for commodities

Latinamerican countries with a greater link to China such as Chile, Brazil and Peru are moving out of the crisis faster and stronger according to a World Bank report which underlines the increasing significance of the Asian giant for the region.

UK record borrowing in 2009/10 to cover biggest budget deficit since WW2