Stories for June 11th 2012

Monday, June 11th 2012 - 20:23 UTC
Earl of Wessex and wife begin Diamond Jubilee visit to Gibraltar

On Monday 11th June 2012 Her Majesty the Queen's youngest son, Edward, The Earl of Wessex, accompanied by his wife Sophie, the Countess of Wessex arrived on board the British Airways scheduled flight at 11.50 at Gibraltar International Airport.
Monday, June 11th 2012 - 20:09 UTC
Stiglitz negative about Spanish bail-out, calls it “voodoo economics”

The plan to lend money to Spain to heal some of its banks may not work because the government and the country's lenders will in effect be propping each other up, Nobel Prize-winning economist Joseph Stiglitz said.
Monday, June 11th 2012 - 19:54 UTC
Debate confirms front runner Peña Nieto as most probable next Mexican president

Mexico's presidential front-runner Enrique Peña Nieto emerged largely unscathed in a televised debate on Sunday night after his adversaries failed to take advantage of an increase in opposition to his bid.
Monday, June 11th 2012 - 19:44 UTC
China cuts retail gasoline prices 5.5% to reflect cheaper oil and boost the economy

China, the world's second-biggest oil user, will reduce gasoline and diesel prices by the most since 2008 after global crude costs slumped. State-controlled retail gasoline prices will fall by 530 Yuan (83 dollars) a metric ton and diesel will be cut by 510 Yuan, the National Development and Reform Commission, NDRC, the nation's top economic planner, said on its website last week.
Monday, June 11th 2012 - 19:23 UTC
Extended blooming phytoplankton discovered under thinning Arctic ice cap

Scientists have made a biological discovery in Arctic Ocean waters as dramatic and unexpected as finding a rainforest in the middle of a desert. A NASA-sponsored expedition punched through three-foot thick sea ice to find waters richer in microscopic marine plants, essential to all sea life, than any other ocean region on Earth.
Monday, June 11th 2012 - 18:54 UTC
Principles of freedom and self determination for the Falklands remain as vital now as in 1982

Foreign Minister Jeremy Browne begins this Monday a four day visit to the Falkland Islands, the thirtieth anniversary of the conclusion of the South Atlantic conflict and in a brief message pointed out that thirty years after the conflict the Falklands’ people are being forced to defend themselves once more this time from “the policies of coercion and intimidation” by the current Argentine government.
Monday, June 11th 2012 - 05:47 UTC
Opinion poll shows support for Cristina Fernandez sliding significantly

The image of Argentine president Cristina Fernandez and the approval of her government have fallen significantly in June compared to last October when she was re-elected for a second four year mandate.
Monday, June 11th 2012 - 05:38 UTC
Bolivia’s Morales nationalizes zinc and tin mines licensed to Swiss group

Bolivia announced on Sunday the nationalization of the mining company Colquiri to the west of the country and which belongs to the Swiss group Glencore. The announcement by Minister of the Presidency, Juan Ramon Quintana, followed a meeting with the mining unions and the villages from Colquiri region.
Monday, June 11th 2012 - 05:34 UTC
Major Indian steel company readies plans to scrap huge mining project in Bolivia

India's Jindal Steel & Power said on Saturday it was making plans to scrap a 2.1 billion dollars steel project in Bolivia, saying the Bolivian government had not met contract terms that include supply of natural gas for the project.
Monday, June 11th 2012 - 05:28 UTC
Hollande set to consolidate power with a working majority in the Lower House

Socialist President François Hollande looked set to consolidate his grip on power with a left-wing majority in parliament after a first-round vote on Sunday, and may be able to govern without relying on hard leftists hostile to closer European integration