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Nuclear Security Summit

President Barack Obama open the 47-nation Nuclear Security Summit in Washington.  The president says he wants new commitments to secure weapons-grade plutonium and uranium to prevent nuclear terrorism.

With concerns about the nuclear ambitions of Iran and North Korea a major backdrop to the conference, this is the biggest U.S.-sponsored gathering of world leaders in more than 60 years.

The New START treaty was signed on April 8, 2010 in Prague by U.S. President Obama and Russian President Medvedev and Iran will hold the Tehran International Conference on Disarmament and Non- Proliferation, 2010, announced on April 4, 2010 and to be held April 17–18, 2010.

The Summit is the largest gathering of heads of state called by a United States president since the 1945 United Nations Conference on International Organization. Delegations from forty-six governments plus the United States are attending, thirty-eight of which are represented by heads of state or government. Read More…

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Eurozone growth lowered to zero

According to revised official figures, the economy of the eurozone, the sixteen European countries using the euro, did not grow at all in the final quarter of last year. Eurostat reports that the number was revised from an initial figure of +0.1%.

Eurozone 2010

Meanwhile, the eurozone’s lost more than 2.2% in a year-on year comparison, more than the initial estimate of 2.1%.

According to the numbers, Ireland saw an output drop of 2.3% in the last quarter of 2009, while Greece, the country in the eurozone with the most debt, had its economy contract by 0.8%. Italy was down by 0.3%, Germany saw no gain, but France posted a 0.6% quarterly growth.

The Associated Press reports the stagnation was unexpected by analysts, and will only reinforce expectations that the European Central Bank will keep the key interest rate at one percent for most of 2010.

On this day February 6, 1992

The Saami people of the Nordic countries have an official day celebrating their existence.

saami_family_1900The Sami National Day falls on February 6 as this date was when the first Sámi congress was held in 1917 in Trondheim, Norway.

This congress was the first time that Norwegian and Swedish Sámi came together across their national borders to work together to find solutions for common problems. Read More…

On this day January 1, 2002

Euro banknotes and coins become legal tender in twelve of the European Union’s member states.

euro_banknotesThe euro (currency sign: ; currency code: EUR) is the official currency of fifteen member states of the European Union (EU).

The states, known collectively as the Eurozone are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovenia, and Spain. Read More…

Nokia cuts outlook by 1.5%

Mobile telephone company Nokia, the world’s largest manufacturer of mobile telephones, based in Finland, has today lowered its forecasts for the number of mobile handsets to be sold in 2008 by 1.5%, due to the current economic crisis.

It lowered its forecast for the total number of mobile phones to be sold in 2008 to 1.24 billion, down from 1.26 billion. Nokia also stated that it’s “preliminary estimate is that the industry mobile device volumes will be down in 2009 compared to 2008, impacted by the continuing overall economic slowdown.” Read More…

Eurozone in recession

The Eurozone is now officially in a recession, due to the recently released figures showing that, in the third quarter of 2008, the economy shrunk by 0.2%.

European Central Bank

European Central Bank

For a recession to be official, the economy must have shrunk for at least two consecutive quarters. This is the case as the Eurozone’s economy also shrunk by 0.2% in the second quarter of this year.

Howard Archer, the chief European economist for Global Insight commented on these results. “Not only did the third quarter contraction in GDP confirm that the Eurozone is now in recession, but latest data and survey evidence indicate that the fourth quarter is likely to see a sharper fall in GDP as the financial crisis bites harder,” he stated.

This development comes after two large countries in the Eurozone, Germany and Italy announced that they were in a recession. Read More…

Martti Ahtisaari, former President of Finland, wins the 2008 Nobel Peace Prize

The Nobel Peace Committee announced that Martti Ahtisaari, former president and Finnish diplomat, has received the Nobel Peace Prize for 2008.

Norway’s Nobel committee praised Martti Ahtisaari for his efforts to help secure peace in a number of conflict torn countries during his lengthy career as a United Nations diplomat, Finnish president and later, peace activist with his organization, the Crisis Management Initiative.

Over the past 20 years, the Nobel statement said, Ahtisaari has played a prominent role in resolving serious and long-lasting conflicts in Namibia, Indonesia, Kosovo and Iraq – among other areas. Read More…