Stories for June 2011

Thursday, June 9th 2011 - 21:04 UTC
IATA unveils Checkpoint of the Future to enhance security and reduce queues

The International Air Transport Association (IATA) unveiled the first mock-up of a Checkpoint of the Future, designed to enhance security while reducing queues and intrusive searches at airports, using intelligence-driven risk-based measures.
Thursday, June 9th 2011 - 21:00 UTC
IATA has a new a Director General effective July first, Tony Tyler

The International Air Transport Association (IATA) announced this week leadership changes at the conclusion of the Association’s 67th Annual General Meeting (AGM) and World Air Transport Summit in Singapore.
Thursday, June 9th 2011 - 20:31 UTC
Chile’s economy forecasted to slow growth following 8.9% in first quarter

After months of record-setting growth, experts expect Chile’s economy to slow. Analysts say that the 8.9% growth in the first quarter of 2011 will slow and the year will end with an overall growth of between 6 and 7% for the year.
Thursday, June 9th 2011 - 19:52 UTC
UN report shows broadband potential for economic and social development

Broadband telecommunications have the potential to spur rapid economic growth and facilitate job creation, according to a United Nations reported unveiled this week, which urges countries to implement national broadband plans or risk losing the benefits of the global high-speed digital communications.
Thursday, June 9th 2011 - 19:49 UTC
Bank of England leaves rates unchanged to bolster recovery

The Bank of England’s Monetary Policy Committee voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at the record low 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Thursday, June 9th 2011 - 19:42 UTC
Spain’s objective is sovereignty over Gibraltar, Minister Jimenez tells Parliament

Spain's dealings with Gibraltar have the overriding objective of recovering sovereignty over the Rock, Spanish Foreign Minister Trinidad Jiménez told parliament in Madrid this week.
Thursday, June 9th 2011 - 19:24 UTC
Brazil hikes basic rate to 12.25% and further increases can be expected

Brazil's central bank increased late Wednesday its benchmark interest rate for the fourth straight meeting after consumer prices exceeded the upper limit of its target range for the first time since 2005.
Thursday, June 9th 2011 - 19:18 UTC
Euro central bank expected to increase interest rates next month

The European Central Bank (ECB) has signalled that it will raise interest rates next month, from 1.25%. Earlier on Thursday, the ECB kept rates unchanged for the second month in a row, after increasing them in April for the first time in almost two years.
Thursday, June 9th 2011 - 14:19 UTC
Montevideo and Buenos Aires flights cancelled as ash cloud remains over the area

Flights from Uruguay’s main international airport Carrasco and from Buenos Aires busiest air terminals have been cancelled Thursday until further notice because of the volcanic ash cloud which again is hovering over the River Plate as winds have changed.
Thursday, June 9th 2011 - 08:56 UTC
Uruguayan government divided over implementation of a new tax on farmland

The Uruguayan government is trying to decide how to implement a controversial new tax on land holdings involving approximately 60 million dollars per annum and which has exposed deep differences in the ruling coalition, is rejected by farmers and feared by investors.