Stories for September 2013

Monday, September 23rd 2013 - 19:05 UTC
Francis meets with unemployed and blasts the global economic system based on a “god called money”

Francis has made one of his strongest attacks yet on the global economic system, saying it could no longer be based on a “god called money” and urged the unemployed to fight for work.
Monday, September 23rd 2013 - 18:56 UTC
Brazil insists that Libra oil field auction was a major success

Brazil’s government is planning to give a boost to state-run oil company Petróleo Brasileiro by financing its participation in the October 21 auction of Libra, the country’s largest-ever oil discovery, the O Estado de Sao Paulo newspaper reported over the weekend.
Monday, September 23rd 2013 - 18:48 UTC
Egypt for Sale

Three years has seen the overturn of two government, the deaths of thousands of people and the destruction of much of the Egyptian economy. In the end, the mobs have changed nothing, except to make their own lives more miserable.
Monday, September 23rd 2013 - 17:20 UTC
Coalition government: “we are open to talks” Merkel tells Social-democrats

Just a few seats short of a majority, German Chancellor Angela Merkel has said she's ready to begin coalition talks with the center-left SPD, but with animosity on both sides, it's not quite clear who will be courting whom, according to German analysts.
Monday, September 23rd 2013 - 16:55 UTC
UK launches ambitious online university project with 21 institutions listed

The UK's biggest online university project has been launched, with more than 20 universities offering free courses. Students will be able to follow courses on mobile phones as well as computers. The UK's project, called FutureLearn, sees UK universities entering the global market in so-called Moocs - massive open online courses.
Monday, September 23rd 2013 - 16:50 UTC
Venezuela takes over toilet paper factory in order to avoid “nationwide shortage”

The Venezuela government has temporarily taken over a toilet paper factory in order to avoid a nationwide shortage. The decision was implemented by the National Guard which took control of the ‘Manufacturas de Papel’ plant and authorities will now oversee and monitor its production.
Monday, September 23rd 2013 - 16:41 UTC
China/Venezuela cooperation agreements involving 20bn dollars including 5bn credit

Venezuelan President Nicolas Maduro and his Chinese counterpart, Xi Jinping, said they were committed to consolidating the strategic alliance between their two countries during a meeting in Beijing at which they signed a dozen cooperation and investment agreements worth 20 billion dollars.
Monday, September 23rd 2013 - 16:29 UTC
Brazilian media warns that upgrading or airports is way behind schedule

Delays are plaguing work at airports in seven of the 12 Brazilian cities that will host the World Cup nine months from now, the daily O Globo reported Sunday. Citing a survey by Infraero, the federal airports agency, the paper said the worst delay was in the southern city of Porto Alegre, where work on expanding terminal at a cost of 69 million dollars has not even begun.
Friday, September 20th 2013 - 20:58 UTC
JP Morgan-Chase pays hefty fine in the US and UK; former staff face criminal charges

US bank JP Morgan Chase has agreed to pay four regulators 920 million dollars relating to a 6.2bn loss incurred as a result of the “London Whale” trades. The settlement is the third biggest banking fine by US regulators, and the second largest by UK regulators. As part of the deal JP Morgan admitted violating US federal securities laws.
Friday, September 20th 2013 - 20:50 UTC
Argentine consumers’ inflation expectations for next twelve months above 30%

Argentines expect an inflation of 30% for the next twelve months despite a slight deceleration in prices which consumers admit in some periods of the current year according to the findings from the Di Tella University.