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Montevideo, January 24th 2026 - 11:00 UTC

International

  • Thursday, August 20th 2009 - 07:10 UTC

    Rio Tinto selling assets to trim debt burden

    The Anglo Australian mining giant bought Alcan when metal prices were at record highs

    Rio Tinto has agreed to sell four business units of its Alcan aluminium subsidiary for 2 billion US dollars as it seeks to trim its debt burden further. The Anglo-Australian mining giant is selling the four packaging businesses to Australian group Amcor.

  • Thursday, August 20th 2009 - 04:59 UTC

    UK Conservative MPs want salaries doubled to £ 130.000

    Chancellor Alistair Darling: such demands could not possibly be justified at a time when ordinary people were struggling

    The row over British Member of Parliament expenses has reignited after two senior Tories called for MPs to be given massive pay rises. Sir Patrick Cormack, who was a candidate for Commons Speaker, said their salaries should be doubled - from £64,766 to more than £130,000, in return for scrapping their controversial second homes allowances

  • Thursday, August 20th 2009 - 04:51 UTC

    “Deep scars” from recession will an effect for years to come, warns IMF

    IMF chief economist, Olivier Blanchard also anticipates unemployment will not peak until next year

    The world has begun to recover from recession but the process will not be simple, the International Monetary Fund (IMF) has warned. The recession has “left deep scars which will affect both supply and demand for many years to come” according to IMF chief economist, Olivier Blanchard.

  • Thursday, August 20th 2009 - 04:37 UTC

    Six million working age adults Britons claiming benefits

    UK unemployment figures for the three months to June showed the number had risen by almost 25,000 to 1.58 million

    The number of British working-age adults claiming benefits is set to hit six million this month, a UK think-tank has predicted. The centre-right Policy Exchange forecast the rise using official Government figures on benefit claimants and the latest unemployment figures.

  • Wednesday, August 19th 2009 - 12:06 UTC

    UK key inflation measure remains unchanged at 1.8%

    Electronic gadget prices were up but food and non-alcoholic prices were down.

    A key measure of inflation in the UK has unexpectedly remained at 1.8%. Economists had expected the Consumer Prices Index (CPI) to decline to 1.5% in July. The Retail Prices Index (RPI) inflation measure, which includes mortgage interest payments also unexpectedly increased to -1.4%, from -1.6%.

  • Wednesday, August 19th 2009 - 12:03 UTC

    Swedish hand built car maker takes over Saab from ailing GM

    The operation however still needs funding from the European Investment Bank

    Koenigsegg Automotive, the Swedish maker of luxury 1.2-million US dollars sports cars, agreed to buy Saab Automobile from General Motors by the end of the year, potentially moving the company into the automotive mass market.

  • Wednesday, August 19th 2009 - 12:01 UTC

    China reduces holdings of US government debt

    Despite the reduction China remains the main holder of US Treasuries followed by Japan and the UK.

    China reduced its holdings of US Treasury bills in June by the largest amount in nearly nine years in what economists viewed as a bid to diversify the country's foreign reserves and increase returns.

  • Wednesday, August 19th 2009 - 04:57 UTC

    Spain/UK to cross swords in Gibraltar waters legal challenge before EC

    Gibraltar is challenging EC’s approval of Spanish request designating most of Gibraltar’s territorial waters as one of Spain’s protected nature sites under EU law

    Spain plans to help the European Commission fend off a legal challenge by Gibraltar over a decision relating to the Rock’s territorial waters, reports the Gibraltar Chronicle. Lawyers representing the Spanish government filed an application to join the controversial case last Friday, a day after the British government confirmed that it would support Gibraltar in court.

  • Monday, August 17th 2009 - 12:00 UTC

    Japan out of recession in the second quarter after expanding 0.9%

    If Japan's second quarter rate were maintained for a full year, the economy would grow 3.7%, figures from the Cabinet Office revealed on Monday.

    Japan has come out of recession after recording growth of 0.9% in the April-June quarter, compared with the first. The economy had shown four consecutive quarter-on-quarter contractions.

  • Monday, August 17th 2009 - 09:20 UTC

    British Virgin Islands and Cayman join “white list” of tax standards

    OECD Jeffrey Owens praised the two BOT for their cooperative spirit

    The British Virgin Islands and the Cayman islands have joined the global “white list” of countries using internationally recognised tax standards, the Organisation for Economic Cooperation and Development said last Friday.