Stories for May 15th 2010

Saturday, May 15th 2010 - 13:56 UTC
Antarctic Treaty Governments Progress on Climate Change and Marine Protected

Punta del Este, Uruguay. Antarctic and Southern Ocean Coalition welcomed steps at the 33rd Antarctic Treaty meeting to make climate change a major item on the agenda, and to keep momentum going on a network of Marine Protected Areas in the Southern Ocean.
Saturday, May 15th 2010 - 04:49 UTC
World Stock Markets Plunge and Euro Falls to 18-Month Low

World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.
Saturday, May 15th 2010 - 04:44 UTC
Brazil Furious with Argentine “Scare Practices” Threatens Trade Retaliation

Brazil is seriously considering retaliation against Argentina for new rules restricting food imports which allegedly compete directly with Argentine production. EU ambassadors in Buenos Aires made a similar presentation before the Argentine congress earlier this week.
Saturday, May 15th 2010 - 04:39 UTC
Volcker Fears Potential Disintegration of the Euro, Without Common Fiscal Policy

Former Federal Reserve chairman and advisor of the Obama administration is concerned that the Euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members.
Saturday, May 15th 2010 - 04:37 UTC
IMF Warns Developed Countries on “Urgent” Need to Cut Budget Deficits

The International Monetary Fund has warned developed nations they face an “urgent” need to cut their budget deficits. Its warning comes as a slew of European countries face public unrest over their attempts to do just that.
Saturday, May 15th 2010 - 04:29 UTC
Gibraltar Celebrates: Hague and Fox “Could not be Better Choices”

Gibraltar Chief Minister Peter Caruana gave the warmest welcome the Rock could give to a new Foreign Secretary as he described William Hague, former Tory leader, as a “safe pair of hands” from Gibraltar's perspective.
Saturday, May 15th 2010 - 04:23 UTC
Hillary Clinton and Hague Reaffirm “Unbreakable Alliance”

US Secretary of State Hillary Rodham Clinton and new British Foreign Minister William Hague met on Friday in Washington, vowing to strengthen the U.S.-Britain strategic alliance on addressing common challenges.
Saturday, May 15th 2010 - 04:20 UTC
German Economy Rebounds in the First Quarter of 2010 with 0.2% Expansion

The German economy—Europe's largest—expanded 0.2% in the first quarter of 2010, beating forecasts of zero growth. Many analysts predicted German GDP would stagnate in the quarter.
Saturday, May 15th 2010 - 04:16 UTC
China Signs 23 Billion USD Deal with Nigeria to Build Three Refineries

Nigeria's state-run oil firm Nigerian National Petroleum Corporation and China State Construction Engineering Corporation have signed a 23 billion US dollars deal.
Saturday, May 15th 2010 - 04:14 UTC
Tata Group Land Rover Sales Almost Doubles in April

Land Rover's global sales almost doubled last month, with demand for the 4x4 vehicles growing strongly as the world economy recovers.