Stories for October 2011

Friday, October 28th 2011 - 16:19 UTC
Record unemployment in Spain hits 21.5% with five million out of a job

Spain's unemployment hit a 15-year high in the third quarter with little hope new jobs will be created any time soon by a battered economy that remains at the forefront of investor concerns about Europe's debt commitments.
Friday, October 28th 2011 - 16:10 UTC
Gibraltar new iconic Air Terminal readies for its inauguration

Gibraltar’s new iconic £50m Air Terminal, flagged as an architectural symbol of the Government’s program of infrastructure development and a pivotal piece of the expansion of the local aviation industry, will be opened for viewing to the general public on November 3rd.
Friday, October 28th 2011 - 05:07 UTC
UK “defies South America” when it denies Argentina Malvinas sovereignty

The Argentine representative before United Nations, Jorge Argüello claimed that the UK “defies the whole of South America” when it impedes Argentina from patrolling its own waters and exercising sovereignty over its own spaces.
Friday, October 28th 2011 - 05:05 UTC
South Georgia silver coin to commemorate Queen Elizabeth Diamond jubilee

South Georgia and South Sandwich Islands will issue a commemorative silver coin to mark the Diamond jubilee of Queen Elizabeth it was announced by the latest edition of the SG Newsletter.
Friday, October 28th 2011 - 04:56 UTC
IDB loan to promote tourism destinations and activities along the River Uruguay

The Inter-American Development Bank (IDB) approved a loan for 5 million dollars to promote tourism in six Uruguayan departments with the aim of boosting foreign exchange earnings, income, and employment.
Friday, October 28th 2011 - 04:45 UTC
Dilma respects cabinet sharing: names another Communist new Sports minister

Brazilian president Dilma Rousseff appointed a Communist Party congressman as the country's new Sports minister Thursday, replacing Orlando Silva, an official from the same party who resigned as he fights corruption allegations.
Friday, October 28th 2011 - 04:42 UTC
Brazil encouraged by Europe’s plan announcement but wants to look at details

Brazil's government is encouraged by Europe's announcement of a plan to resolve the nagging debt crisis, though more details are needed on the proposal to determine its viability, Brazilian Finance Minister Guido Mantega said Thursday.
Friday, October 28th 2011 - 04:39 UTC
Sarkozy said Greece should have not joined the Euro in 2001: “it was not ready”

French President Nicolas Sarkozy has said allowing Greece into the Euro zone in 2001 was a “mistake”. He said Greece was “not ready” at the time, but he added, it could be rescued thanks to Wednesday's EU deal on the euro debt crisis
Thursday, October 27th 2011 - 23:34 UTC
Euro zone largest bank profits down as bad loans in Spain keep growing

The Euro zone's biggest bank Santander said it expected bad loans in Spain to keep on growing as Spaniards, blighted by unemployment and heavy mortgage debt, fall into arrears on payments.
Thursday, October 27th 2011 - 23:31 UTC
China ready to support Euro rescue fund and held stabilize global markets

French president Nicolas Sarkozy conferred with his Chinese counterpart Hu Jintao as European policy makers seek to build support for an enlarged rescue fund designed to resolve the region’s sovereign-debt crisis.