Stories for 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.
Thursday, April 22nd 2010 - 03:23 UTC
Taiana calls Gualeguaychú activists to reconsider position and lift pickets

Argentine Foreign Minister Jorge Taiana called on Gualeguaychú activists that keep international San Martín bridge blocked for more than three years to “reconsider their ways of action, mostly after the International Court of Justice ruling”.
Thursday, April 22nd 2010 - 03:11 UTC
Cristina and Mujica to address Court ruling’s effects next Wednesday

Uruguayan President Jose Mujica and his Argentine peer Cristina Fernández de Kirchner are to meet next Wednesday afternoon in Buenos Aires in what is to be the first encounter after The Hague International Court's ruling on Botnia paper mill was made public Tuesday.
Thursday, April 22nd 2010 - 02:57 UTC
Latam and Caribbean recovering at a “robust pace” says IMF

Latin America and the Caribbean have “weathered the global downturn comparatively well” and are now recovering at a “robust pace,” the International Monetary Fund (IMF) said Wednesday.
Thursday, April 22nd 2010 - 02:52 UTC
Mickey Mouse parade to celebrate Brasilia’s 50 years infuriates founding architect

The celebration of Brasilia’s 50th anniversary began Wednesday with a parade of Walt Disney characters that riled architect Oscar Niemeyer, the 102-year-old communist regarded as the “father” of the Brazilian capital.
Thursday, April 22nd 2010 - 02:43 UTC
General Motors repay 8.1 billion to US and Canadian governments

General Motors repaid Wednesday 8.1 billion US dollars in government loans, five years ahead of schedule and nine months after the troubled auto giant declared bankruptcy, signalling that the auto maker may be on the path to profitability.
Thursday, April 22nd 2010 - 01:18 UTC
Chilean Navy incorporates largest vessel ever: a 42.000 tons logistics supply unit

The Chilean Navy incorporated this week its largest unit, a 42.000 tons tanker, AO-52 “Almirante Montt” which will play a vital role in supplying the surface fleet. The tanker was purchased from the US Navy and will replace AO-53 “Araucano” decommissioned after forty years service.