Stories for April 2011

Friday, April 29th 2011 - 21:42 UTC
Argentina will press ahead with plans to develop small-scale nuclear reactors

Argentina will press ahead with plans to develop a small-scale nuclear reactor over the next three years, even when last month‘s disaster in Japan prompted countries such as Germany and Brazil to reconsider projects.
Friday, April 29th 2011 - 21:40 UTC
Spain hits new unemployment record; crackdown on the black economy

Weak jobs data, sliding retail sales and rising inflation confirm Spain’s economic recovery is faltering. The official figures released Friday showed 21.3% of the workforce without a job, up from 20.3% at the end of last year.
Friday, April 29th 2011 - 21:37 UTC
US economy still slow says Fed; polls show Americans gloomy but optimistic

The US economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the US central bank has studied lower income communities.
Friday, April 29th 2011 - 06:09 UTC
Falkland Islands declares public holiday and celebrates with a community party

AT least thirty bridal gowns will be paraded before guests at the Falkland Islands’ Friday community party to celebrate the Westminster wedding of Prince William and Kate Middleton, reports the Penguin News.
Friday, April 29th 2011 - 06:01 UTC
An estimated two billion will watch ‘the most popular event ever broadcast’

Hundreds of millions of people around the world are expected to watch the royal wedding of Britain's Prince William and Kate Middleton on television. More than 8,000 journalists have descended on London to jockey for positions outside London's Westminster Abbey for Friday's ceremony.
Friday, April 29th 2011 - 05:53 UTC
Face bombast with reason British official tells Falklands

“IN the face of bombast you can show reason and humanity” was the message a Foreign and Commonwealth Office (FCO) official carried to the Falklands this week.
Friday, April 29th 2011 - 05:51 UTC
US growth in first quarter much slower than anticipated

US economic growth slowed in the first three months of 2011 to an annualised rate of 1.8%, corresponding to a 0.4% quarterly increase. This compares with a revised annual growth rate of 3.1% in the previous quarter, official figures show.
Friday, April 29th 2011 - 05:47 UTC
Brazil’s mining giant buys stake in controversial Amazon dam project

Brazil giant mining corporation Vale SA, in which the government has a dominating stake position, agreed to buy a stake in a controversial hydro-power project in the Amazon and invest about 2.3 billion Real (1.5 billion USD).
Friday, April 29th 2011 - 05:40 UTC
Brazilian exporters demanding a “weaker” Real to regain competitive edge

The strength of the Brazilian Real against the US dollar is “very worrying” for the country's exporters, with many companies struggling with higher production costs and a reduced ability to compete in global markets, Bunge Brasil CEO Pedro Parente said Thursday.
Friday, April 29th 2011 - 05:37 UTC
High interest rates in Brazil for a long period, anticipates central bank

The Brazilian central bank said it will raise interest rates at a slower pace for a longer period than initially planned as the country’s inflation outlook worsens, according to the minutes of its April 19-20 meeting.