Stories for 2012

Friday, February 3rd 2012 - 18:40 UTC
Cruise bookings down, but industry will recover, say main operators

The downturn in cruise bookings by North American and European customers noted earlier this week by industry giant Carnival Corp. is taking place at rival Royal Caribbean Cruises, too, but overall the industry is optimistic.
Friday, February 3rd 2012 - 18:33 UTC
US economy creating jobs at fastest pace in months: unemployment drops to 8.3%

The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3%, indicating last quarter's growth carried into early 2012.
Friday, February 3rd 2012 - 18:31 UTC
Bernanke warns US government debt relative to GDP is “clearly unsustainable”

The growth of US government debt relative to GDP is “clearly unsustainable”, Federal Reserve Chairman Ben Bernanke said in a congressional testimony.
Friday, February 3rd 2012 - 18:25 UTC
Shell announces major investment drive to boost falling production

Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.
Friday, February 3rd 2012 - 18:19 UTC
UK Energy secretary steps down charged with perverting the cause of Justice

Chris Huhne has quit as UK energy secretary after learning he was to be charged with perverting the course of justice over a 2003 speeding case. His ex-wife Vicky Pryce will face the same charge in relation to claims she accepted his penalty points.
Friday, February 3rd 2012 - 18:14 UTC
Uruguay inflation up 0.74% in January and 8.05% in the last twelve months

Uruguay's inflation rate rose in January 0.74% from December as housing, hotel and restaurant prices jumped, the national statistics agency, INE, reported this week. The consumer price index rose 8.05% on the year at the end of January, INE said.
Friday, February 3rd 2012 - 18:01 UTC
Aerolíneas receives a daily government support of over 2 million dollars

Argentina’s flag carrier ended the last twelve months with a drop in the number of passengers transported, totalling 6.017.886, which is 5.97% less than in 2010. However income from the sale of tickets reached 1.334 billion dollars, which is 14% higher, according to the latest numbers available.
Friday, February 3rd 2012 - 17:56 UTC
Brazilian minister travels to Argentina to discuss latest set of import obstacles

Brazilian Secretary of Foreign Trade Tatiana Prazeres will be travelling to Buenos Aires next Monday to address with Argentine counterparts the extent of the last set of measures implemented by the administration of President Cristina Fernandez to slow down the flow of imports.
Friday, February 3rd 2012 - 16:18 UTC
Deployment of Prince William in Falklands is a routine mission, says MoD

UK’s Defence Minister Philip Hammond reiterated Friday that the deployment of Prince Williams to the Falkland Islands is a routine mission planned long ago, and rejected suggestions the decision to send the heir to the throne to the region represented an escalation of the UK's position.
Friday, February 3rd 2012 - 06:16 UTC
UK warns Argentina on cutting off the air link of Falklands with South America

Britain warned Argentina against cutting off an air link to the Falklands as part of an economic blockade of the Islands, reports the Evening Standard. Buenos Aires is threatening to stop a weekly flight from Punta Arenas in Chile to Port Stanley by refusing permission for it to use Argentine airspace.