International

Thursday, October 4th 2012 - 06:45 UTC
Economic crisis still has six years before returning to decent shape”, says IMF

It will take at least ten years for the world economy to recover from the economic crisis that started in 2007 and to get back to the normal shape, International Monetary Fund Chief Economist Olivier Blanchard said in an interview published on Wednesday.
Wednesday, October 3rd 2012 - 23:07 UTC
Australian Great Barrier Reef lost more than half its coral cover in last 27 years

The Australian Great Barrier Reef has lost more than half its coral cover in the past 27 years, a new study shows. Researchers analysed data on the condition of 217 individual reefs that make up the World Heritage Site.
Wednesday, October 3rd 2012 - 21:31 UTC
Argentine navy frigate ‘Libertad’ retained in Ghana by group of defaulted bond holders

Argentina claimed on Wednesday that the navy school training frigate “Libertad” has been retained in Ghana and blamed “unscrupulous financers” belonging to “vulture funds” who are demanding the payment of sovereign bonds, said the office of Minister Hector Timerman in an official communiqué.
Wednesday, October 3rd 2012 - 04:50 UTC
Cosmo with no plans in Uruguay; Pluna Bombardiers will be chartered in East Europe

Spanish airline Cosmo which purchased in an auction in Montevideo seven aircraft from Uruguay’s liquidated flag-carrier Pluna said they will be used “to expand the charter flight business in Central and Eastern Europe”, according to an official company communiqué released by the Spanish government news agency EFE.
Wednesday, October 3rd 2012 - 04:39 UTC
Out of the blue, Spanish charter company purchased Pluna’s seven Bombardier

Out of the blue a Spanish-based air charter company, Cosmo, and seven minutes after the auction had started purchased the seven Bombardier aircraft from Uruguay’s defunct flag carrier Pluna for the base price of 137 million dollars.
Wednesday, October 3rd 2012 - 01:29 UTC
Chile revokes lithium concession; triggers major scandal on “strategic minerals”

Chile revoked the concession awarded to Sociedad Quimica y Minera de Chile to exploit substantial reserves of lithium in the Andes region, acknowledging problems with the tender process.
Wednesday, October 3rd 2012 - 01:23 UTC
Spain will exhaust all legal means to prevent Gibraltar from UEFA membership

Spain will “exhaust all legal means” to prevent the British Overseas Territory of Gibraltar gaining full membership of UEFA, Sports Minister Jose Ignacio Wert said. Gibraltar was admitted as a provisional member of European soccer's governing body on Monday and a decision on whether to grant full membership will be taken at a UEFA Congress in London next May.
Tuesday, October 2nd 2012 - 23:17 UTC
Argentina becomes main supplier of soy and soy-oil to Iran in third quarter

Iran made major imports of Argentine soy-oil and soybeans between July and September as Iranian buyers found methods of making payments in the face of western sanctions, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Tuesday, October 2nd 2012 - 22:59 UTC
MLA Summers tells Tanzania Falklands don’t want to be colonized by Argentina

A Falkland Islands lawmaker was scheduled to meet on Tuesday with Tanzania top officials to explain the Islands support for post-colonial status and the coming referendum next year to determine its political future, faced with the insistent sovereignty claims from Argentina.
Tuesday, October 2nd 2012 - 20:07 UTC
UN aquaculture initiative to help low-income countries fight hunger

A United Nations-backed initiative that will form partnerships among governments, development agencies and universities has been launched to better understand how aquaculture can help low-income countries fight hunger.