International News

Santiago, Nov 20 (EFE) The current global crisis will cause the number of poor people in Latin America to rise by nine million to 189 million this year, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said in a report presented here.

London, Nov 20 (ANI): Google got its name from googol - the number one followed by 100 zeroes which represents the amount of information the site was expected to cover, and Nike's name come from a Greek goddess, reveals a new book.

London, Nov 20 (IANS) India is falling behind China in its attempts to increase the use of English, risking squandering a key economic advantage, a new report says.

Paris, Nov 20 (IANS/AKI) Italy's unemployment rate is expected to increase to 7.6 percent in 2009 and rise even higher in 2010, according to the latest economic outlook from the Organization for Economic Cooperation and Development.

Mexico City, Nov 20 (EFE) Canada's Agnico-Eagle Mines has inaugurated a large gold and silver mine in Mexico with an investment of $240 million, the Economy Secretariat said.

Beijing, Nov 20 (IANS) The personal wealth of the rich in China has continued to expand despite the global economic downturn, and a new study says their number could cross 450,000 by the year-end.

Monte Carlo, Nov 20 (IANS/AKI) Italian prime minister and media magnate Silvio Berlusconi will determine the future of his estimated 8 billion euro fortune, his eldest son Piersilvio said Thursday.

Toronto, Nov 20 (IANS) Air Canada Thursday unveiled its plans to offer in-flight internet service.
The national carrier said it has started trials from Thursday to offer internet service on select flights on its Toronto-Los Angeles and Montreal-Los Angeles routes. With the trial run, Air Canada joins many international airlines which already offer in-flight internet service.

U.S. regulators had "ample information" to trigger an extensive exam of convicted fraudster Bernard Madoff's investment firm, but continually gave it only a "medium risk" rating, a government watchdog said on Thursday.

The U.S. government is having a tough time guesstimating how many small businesses failed in this recession, casting doubt on the reliability of vital data on employment and economic growth.

One European supervisor should eventually be created to regulate the region's most important financial institutions, European Central Bank Governing Council Member Nout Wellink said on Thursday.

Wall Street firms have started to hire again and they can cherry-pick talent from their competitors -- who may be worried about their own security -- or from the legions of professionals who found themselves out

Paris, Nov 19 (DPA) Although much of the world appears to be emerging from the economic crisis, joblessness is expected to remain high in the US and Europe at least until 2011, the Organisation for Economic Cooperation and Development (OECD) said Thursday.

Washington, Nov 19 (IANS) The more reputed and financially sound a corporation is, the more likely it is to violate the law, says a new study.

Washington, Nov 19 (IANS) A new generation of 'green' tyres that will boost fuel efficiency without affecting safety or durability is in the pipeline.

Santiago, Nov 19 (EFE) Some $34 billion is to be invested in a series of energy projects in Chile through 2015, roughly 35 percent of the total for initiatives across the full range of industrial sectors.

Lehman Brothers Holdings Inc, the U.S. investment bank whose September 2008 collapse sharply accelerated a world financial meltdown, said on Wednesday it expects to have a reorganization plan outline ready by the end of March 2010.

Washington, Nov 19 (IANS) Air pollution poses a largely overlooked threat to people living near smaller regional airports, says a new study.

Madrid, Nov 19 (EFE) Spain's Gross Domestic Product contracted at a slower pace in the third quarter, declining 0.3 percent relative to the previous three-month period and four percent year-on-year, according to final figures from the National Statistics Institute, or INE.

Melbourne, Nov 19 (IANS) Australia's ban on uranium sales to India made no sense at a time when that country was trying to develop its economy, deputy opposition leader Julie Bishop has said.