Stories for 2010

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.
Wednesday, October 13th 2010 - 00:46 UTC
Japan announces new stimulus plan and measures to weaken the Yen

The Japanese cabinet has approved a plan to pump more than 60 billion US dollars into the country's struggling economy. The aim of the plan - which still needs approval from parliament - is to boost growth, jobs and spending.
Wednesday, October 13th 2010 - 00:41 UTC
China replaces the US as the world’s largest energy consumer

China has become the world's largest energy consumer having overtaken the United States, the head of the International Energy Agency said on Tuesday.
Wednesday, October 13th 2010 - 00:40 UTC
Chinese oil company sets foot on shale oil and gas field in Texas

Chinese oil company CNOOC has agreed to pay just over one billion US dollars for a 33% stake in a South Texas shale oil and gas field. CNOOC announced the deal with Chesapeake Energy Corporation, which will also see it fund 75% of Chesapeake's share of the costs until an additional 1.08 billion has been paid.
Tuesday, October 12th 2010 - 20:10 UTC
New UN Security Council members expected to push strongly for reforms

Germany, India, South Africa and Colombia have won two-year seats on the UN Security Council as non veto power members. Portugal got the other available place when Canada withdrew its bid after the second round of voting at the UN General Assembly in New York.
Tuesday, October 12th 2010 - 19:29 UTC
UK wants to sell Brazil 11 naval bases, but is a late starter behind France and Italy

Britain is ramping up efforts to sell about 11 new naval vessels, including frigates, to the Brazilian Navy in a bid to catch up with marketing efforts launched by France and Italy, according to a recent article from DefenseNews.
Tuesday, October 12th 2010 - 07:00 UTC
Brazilian economy larger than Italy’s next year, according to IMF estimates

Brazil's economy will likely be larger than that of Italy next year, according to the latest data from the International Monetary Fund (IMF).