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Montevideo, March 29th 2024 - 02:29 UTC

International

  • Thursday, March 12th 2009 - 04:17 UTC

    Chinese exports plunge 26% in February; domestic car sales up 25%

    Chinese exports plunged by more than a quarter in February from a year ago as the world's third-largest economy was hit by a drop in demand for its goods. Exports dropped by 25.7% to 64.9 billion US dollars compared with the same month a year earlier, while imports fell by 24.1% to 60.1 billion according to official figures.

  • Thursday, March 12th 2009 - 02:40 UTC

    Norway’s sovereign fund, world’s second largest, lost 92 billion USD in 2008

    Norway’s Government Pension Fund suffered a 633 billion kroner equivalent to 92 billion US dollars loss on its investments in 2008. The loss, which amounts to some 125.000 kroner for every Norwegian, came after a “sharp fall in global equity prices”, head fund manager Yngve Slyngstad said Wednesday.

  • Wednesday, March 11th 2009 - 23:50 UTC

    IMF chief warns of “great recession” but markets react to upbeat banking report

    IMF Managing Director Dominique Strauss-Kahn

    The head of the International Monetary Fund says the world economy is likely to shrink this year throwing millions into poverty, in what some are referring to as the “Great Recession”. IMF Managing Director Dominique Strauss-Kahn told a conference in Tanzania Tuesday that sharp declines in world trade are likely to hurt African economies.

  • Wednesday, March 11th 2009 - 07:13 UTC

    Global sea level rising faster than forecasted warn scientists

    The global sea level looks set to rise far higher than forecast because of changes in the polar ice-sheets, a team of researchers has suggested. Scientists at a climate change summit in Copenhagen said earlier UN estimates were too low and that sea levels could rise by a metre or more by 2100.

  • Tuesday, March 10th 2009 - 11:34 UTC

    Modern Commonwealth celebrates 60th anniversay with dedication to children

    The British Commonwealth Day which this year marks the sixtieth anniversary of its creation was celebrated on Monday 9 March throughout the 53 countries of the Commonwealth. Two Falkland Islands students participated in this year’s program.
    The theme for the anniversary of the modern Commonwealth and underlined in Queen Elizabeth II message, was “The Commonwealth @ 60: serving a new generation”.

  • Tuesday, March 10th 2009 - 08:58 UTC

    Central bankers forecast world economy could be at “pick up” point

    EU  Central Bank head Jean-Claude Trichet

    The global economy may soon see signs of improvement, according to the heads of the world's major central banks. European Central Bank head Jean-Claude Trichet said that the world economy could be approaching a “pick-up” point.

  • Tuesday, March 10th 2009 - 08:01 UTC

    WTO suggests Brazil should further reduce barriers to trade

    Pte. Lula da Silva (R) and foreign minister Celso Amorim (L), have voiced support for the round

    Brazil should further reduce barriers to trade in order to boost its economy, particularly given the global economic downturn, the World Trade Organization (WTO) said in a report released Monday.

  • Tuesday, March 10th 2009 - 07:58 UTC

    Developing countries face financial shortfall of 700 bn USD, says World Bank

    World Bank Group President Robert B. Zoellick

    With many in the private sector eschewing emerging markets, developing countries – only one quarter of which have the resources needed to prevent a spike in poverty – face a financing shortfall of up to 700 billion US dollars this year, according to the World Bank.

  • Tuesday, March 10th 2009 - 07:13 UTC

    RAF Nimrods withdrawn from overseas operations

    Britain’s Royal Air Force fleet of Nimrod surveillance planes, some of which were involved in the 1982 Falkland Islands conflict, has been temporarily withdrawn from operations overseas, almost a year after a coroner called for the aircraft to be grounded because of safety concerns.

  • Monday, March 9th 2009 - 14:16 UTC

    IMF calls for stimulus plans to extend until 2011

    The world should adopt economic stimulus plans that carry well into 2010, and possibly 2011, to ease a global recession and must expand financial regulation across all sectors to prevent a similar crisis in future, said the International Monetary Fund.