Stories for October 2010

Wednesday, October 13th 2010 - 07:29 UTC
And on the 69th day, one by one the Phoenix capsule delivers trapped miners

Chilean rescue workers have begun to successfully pull the 33 trapped miners to the surface in the world’s longest underground mine rescue. The first miner to be rescued at midnight Tuesday, Florencio Avalos emerged from the San Jose copper after spending 69 days trapped in a tunnel more 700 meters underground.
Wednesday, October 13th 2010 - 07:26 UTC
Falklands’ military operations trigger “formal and energetic” Unasur protest

The Union of South American Nations, Unasur severely criticized the United Kingdom for the announced military exercises with missiles in the Falklands/Malvinas Islands. Argentina claims sovereignty over the South Atlantic Islands which are a British Overseas Territory.
Wednesday, October 13th 2010 - 07:22 UTC
Crime rates and lack of safety in streets the main concerns of Latinamericans

The Organization of American States (OAS) assured Tuesday that democracy in Latin American countries have taken a step back due to the increasing lack of safety in the streets as well the crime rates within the region.
Wednesday, October 13th 2010 - 07:20 UTC
Brazil insists an agreement must be reached to end the “currency war”

Brazilian Finance Minister Guido Mantega insisted while in Washington on the need of the international community to “coordinate” and “reach some kind of agreement” during the next G20 summit in order to put an end to the “currency war” that puts world recovery in danger.
Wednesday, October 13th 2010 - 07:15 UTC
UK Chamber of Commerce fears considerable slowdown in the economy

The UK economy slowed considerably in the three months to the end of September but is not set to fall back into recession, according to the latest British Chambers of Commerce’s Quarterly Economic Survey.
Wednesday, October 13th 2010 - 07:12 UTC
China posts highest trade surplus in third quarter since pre-crisis 2008

China posted a 16.9 billion US dollars trade surplus for September, the largest quarterly surplus since the financial crisis in 2008. Exports rose 25.1% from a year earlier and imports climbed 24.1%, the customs bureau said on its website today.
Wednesday, October 13th 2010 - 01:00 UTC
UK praises Argentine partnership and reiterates Falklands’ self determination

The UK has a close and productive relationship with Argentina but “we will not discuss the sovereignty of the Falkland Islands with Argentina unless the Falkland Islanders so wish”, said Minister of State Foreign and Commonwealth Office Lord Howell of Guilford during a question period in the House of Lords.
Wednesday, October 13th 2010 - 00:57 UTC
Uruguay authorizes Stora Enso to build a pulp mill next to the River Plate

Uruguay announced that it will authorize Finland’s Stora Enso so build one of the world’s largest pulp mills but also warned about “wide ranging, strict supervision” of the environment to comply with international practice and to avoid problems with neighbouring Argentina, as happened with Botnia.
Wednesday, October 13th 2010 - 00:54 UTC
August OECD unemployment slightly down to 8.5%; in Spain, 20.5%

As many as 45.5 million people were without job in August in the Organisation for Economic Cooperation and Development (OECD) region, reflecting sluggish labour market conditions in mostly developed nations.
Wednesday, October 13th 2010 - 00:50 UTC
Home repossession in US a political “hot potato”; 1.2 million forecasted in 2010

The White House has ruled out a temporary ban on the repossession of homes, despite a growing row over alleged malpractice. Some US banks have already imposed their own moratorium on foreclosures while they investigate possible legal flaws in the eviction process.