Stories for April 2013

Friday, April 26th 2013 - 07:40 UTC
Unemployment in Spain with no ceiling: 27% in first quarter of 2013

The Spanish National Statistics Institute, INE, reported on Thursday that the nation's unemployment rate shot up from 26.02% in the last quarter of 2012 to 27.16% in the first three months of this year. This is approximately 6.2 million Spaniards are out of a job. Youth unemployment stands at 57%.
Friday, April 26th 2013 - 07:36 UTC
Argentina industrial production down in March and in first quarter compared to 2012

Argentina’s industrial output registered a 0.3% drop in March year-on-year, according to Indec the official statistics bureau. The report stated that the manufacturing activity climbed 1.5% compared to February and dropped 0.4% annually in the first three months.
Friday, April 26th 2013 - 07:29 UTC
Berlusconi emerges as the great saviour of the current Italian political stalemate

Silvio Berlusconi, the three-time prime minister and two-time convicted lawbreaker seems to be the great victor in Italy by out-manoeuvring rivals during an eight-week political stalemate and becoming the key figure in talks for a new coalition government.
Friday, April 26th 2013 - 07:25 UTC
UK spring surprise: economy expands 0.3% in first quarter

Britain has avoided falling into its third recession since the 2008 global financial crisis, after the economy grew by a better-than-expected 0.3% in the first quarter of 2013 compared with the final three months of last year, official data showed on Thursday.
Friday, April 26th 2013 - 07:20 UTC
In chaotic session Argentina approves controversial bills of the judicial reform

Argentina’s Lower House passed early Thursday morning after an overnight and at time chaotic debate the most controversial bills contained in a judicial reform which the administration of President Cristina Fernandez is obsessed in having approved before mid May.
Friday, April 26th 2013 - 01:36 UTC
Argentines in ‘expectations panic’ paid a record 9.20 Pesos for the US dollar

The US dollar in Argentina’s parallel or ‘blue’ market continued to soar on Thursday reaching a new record high of 9.16 and 9.20 Pesos buying and selling price which over twenty cents more than on Wednesday.
Thursday, April 25th 2013 - 22:39 UTC
Barrick Gold considering suspension of 8.5bn mine development in the Andes

Canada’s Barrick Gold Corp making a painful adjustment to a sustained slump in bullion prices, reported progress in controlling costs and said it planned further cuts in capital spending.
Thursday, April 25th 2013 - 22:11 UTC
A Brazilian or a Mexican will replace Lamy as head of World Trade Organization

The next head of the World Trade Organization will be either Mexico's Herminio Blanco or Brazil's Roberto Azevedo, guaranteeing a Latin American nation will hold the top job at the global trade body for the first time, although they made it to the short list in previous occasions-.
Thursday, April 25th 2013 - 21:51 UTC
Economy minister and aides tell Greek television: “in Argentina we don’t discuss inflation”

Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.
Thursday, April 25th 2013 - 21:26 UTC
Uruguay GM lambs which have a luminescence reaction when exposed to UV conditions

Uruguay has a ‘flock’ of nine six-month ‘brilliant’ lambs which behave as any other sheep but are really genetically modified and are planned to help with medicine research. They were born in a farm belonging to the Animal Reproduction Institute of Uruguay (Irauy) a non profit organization connected to the Genetically Modified Animals Unit from the Pasteur Institute, a branch in Montevideo of the renowned French scientific organization.