Stories for 2010

Wednesday, April 28th 2010 - 05:58 UTC
Obama Speaks for the First Time with Honduran President Lobo

United States President Barack Obama spoke this week for the first time with Honduran President Lobo to discuss the situation in Honduras, said the White House.
Wednesday, April 28th 2010 - 03:34 UTC
European Financial Regulators Clear the Way for Argentina’s Bonds Swap Offer

European financial regulators approved the outlines of the Argentine swap offer on up to 20 billion US dollars in defaulted bonds, putting Argentina a step closer to launching the exchange. The country aims to return to international debt markets by striking a deal with “holdout” creditors who rejected a tough 2005 restructuring of nearly 100 billion US dollars in defaulted debt.
Wednesday, April 28th 2010 - 03:22 UTC
Falklands Military Base to be Powered by Wind, Following on Stanley’s Success

Authorities at the Falkland Islands Mount Pleasant military base (MPC) have confirmed their interest in developing a wind farm that could bring the Falkland Islands Government (FIG) considerable benefits.
Wednesday, April 28th 2010 - 03:18 UTC
Delayed Planned Bailout Forcing Greece Closer to Technical Default

Shares across the globe fell sharply after German chancellor Angela Merkel said bond investors in Greece may have to take a hit even if a bail-out is agreed. With Merkel facing increased domestic opposition to the planned bailout and with elections imminent she has been talking tough, demanding Greece pay higher interest on any money it borrows than was originally agreed.
Wednesday, April 28th 2010 - 01:50 UTC
World Seafood Industry Employs 45 Million and 500 Million Live from Fish Income

New regulations, such as retailers’ requirement that fish must be certified as sustainable, and the impact of the global economic crisis are affecting the seafood industry, especially producers in developing nations, according to the United Nations Food and Agriculture Organization FAO.
Wednesday, April 28th 2010 - 01:33 UTC
Chile Wins Bid for World’s Largest Telescope to be Built in Atacama Desert

Chile has won its bid for the world’s largest telescope to be constructed on its shores. The 42-metre European Extremely Large Telescope will be built in Chile’s north—3,060 meters above sea level on a mountain known as Armazonas.
Wednesday, April 28th 2010 - 01:19 UTC
Argentina Hosting FAO Fisheries Meeting to Upgrade Fish Trade and Conservation

The UN Food and Agriculture Organization (FAO) Committee on Fisheries (COFI) is meeting this week in Buenos Aires to examine technical and economic aspects of the international trade in fish and fishery products.
Wednesday, April 28th 2010 - 01:09 UTC
Unemployment in Spain Soars to 20.05%; 4.61 Million Jobless

Spain's jobless rate has risen past 20% for the first time in 13 years, according to figures made public by the National Statistics Institute (INE) on Tuesday. Unemployment rate was 20.05% in the first quarter of this year, up from 18.83% in the last quarter of 2009.
Wednesday, April 28th 2010 - 01:04 UTC
Bernanke Warns White House About Failure to Reduce Federal Budget Deficit

Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.
Tuesday, April 27th 2010 - 23:39 UTC
“Boobquake” Day Shakes Taiwan and South Sandwich Islands

If a senior Iranian cleric is to be believed, the 6.9 magnitude earthquake in Taiwan was a boobquake, not an earthquake. Hojatoleslam Kazem Sedighi warned last week that “women, who do not dress modestly... lead young men astray, corrupt their chastity and spread adultery in society, which [consequently] increases earthquakes”.