Stories for November 2010

Monday, November 15th 2010 - 08:25 UTC
Uruguay formalizes relation with Palestine and plans representation in Ramallah

President Jose Mujica confirmed that Uruguay recognizes the Palestinian State and announced the establishment of a representation to begin bilateral relations. The announcement was done during the sixteenth congress of Ferab, Federation of Arab entities in Latinamerica which took place in Montevideo last week.
Monday, November 15th 2010 - 08:19 UTC
EU ministers and Ireland discussing possible (80 billion Euro) bailout

Ireland is in talks with European officials about current “market conditions” as Germany pushes it to accept a bailout and help reverse a bond sell-off across the euro-region’s periphery.
Monday, November 15th 2010 - 08:17 UTC
APEC summit in Japan calls for regional free-trade zone, but gives no details

Leaders of the 21-member Asia-Pacific Co-operation (Apec) forum have pledged to move towards creating a regional free-trade area. The agreement was announced at the end of a two-day summit in Yokohama, Japan.
Monday, November 15th 2010 - 08:15 UTC
Sarkozy reshuffles cabinet ahead of 2012 presidential election

French President Nicolas Sarkozy reappointed Francois Fillon as prime minister on Sunday, but named new defense and foreign ministers in a cabinet reshuffle ahead of the 2012 presidential election.
Monday, November 15th 2010 - 08:11 UTC
Business concern in Argentina with inflation trend: “double the official figure”

Argentine businessmen from different sectors showed their concern about the upward trend of the inflation and assured that “the real volume doubles the one reported by the Indec national statistics bureau.”
Friday, November 12th 2010 - 18:38 UTC
Brazilian health officials say anti-biotics KPC bacteria situation is “under control”

Four more people have died from the KPC bacteria in Brazil's capital, bringing the death toll so far this year to 22, health officials in Brasilia said earlier this week, adding that the situation has begun to be brought “under control.”
Friday, November 12th 2010 - 18:22 UTC
Ambitious 1.000 km pipeline project to deliver water to desert dry north Chile

A 3.85 billion US dollars pipeline to carry freshwater some 1,000 kilometres from central Chile to the country’s northern desert will provide a cheaper alternative for users now reliant on desalinization of ocean water, a business news Web site said this week.
Friday, November 12th 2010 - 18:10 UTC
Canadian bank interested in setting foot in Uruguay

Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.
Friday, November 12th 2010 - 18:01 UTC
Europe ratifies support for Ireland’s budget policy and sovereign debt

Irish Finance minister Brian Lenihan has welcomed a statement of support over Ireland's debts from Germany, Britain, France, Italy and Spain. The five countries attending the G20 summit in South Korea said that bondholders would not be forced to share the pain of the current debt crisis.
Friday, November 12th 2010 - 17:41 UTC
UK holidaymakers moving out of Euro zone to Eastern Europe

It wasn't just the rain-swept, cold day in London that was sending a chill wind down the back of tourism bosses from Western Europe. As heads of the global travel industry met for their annual gathering at the giant World Travel Market (WTM) 2010 event, the damage being caused by the continuing high value of the Euro was the dark cloud hanging over the representatives from Euro zone nations.