Visiting French President Nicolas Sarkozy and his Brazilian counterpart Lula da Silva agreed on Monday to take a common EU-Brazil position to the next G20 summit dealing with the global financial crisis.
Brazilian Defence minister Nelson Jobim announced Monday an agreement with France for the construction of a nuclear submarine. Jobim said France would help build a yard in Rio do Janeiro for the assembling of four conventional Scorpone submarines and one nuclear powered.
A senior Chinese official has pledged that China will consider any request for assistance from Taiwan during the current global financial downturn.
US President-elect Barack Obama has nominated two leading global warming specialists for key science posts in his administration. Harvard physicist John Holdren will be Mr Obama's scientific adviser while marine biologist Jane Lubchenco will head the US oceanic research body.
The credit crunch will last for up to two more years, the boss of Britain's Barclays Bank believes. John Varley forecast that consumers and businesses would struggle to access credit for between one and two more years. He added that banks should apologise to customers to regain their trust.
European Commission president Jose Manuel Barroso admitted that the current global financial downturn implies a growing risk of increasing protectionism and other forms of limits to migratory and economic policies.
The Brazilian government has injected an estimated 164 billion US dollars, mostly to banks and corporations, since the beginning of the financial downturn, according to the official news agency.
Chief Minister Peter Caruana has declared that the Gibraltar Government has adjudicated public works contracts to Spanish companies worth an estimated 200 million Euros.
Mr Caruana was speaking at a meeting of Costa del Sol socialists in Malaga where he was the guest of Spain's former Secretary of State for Foreign Affairs Bernardino Leon, widely credited with being one of the intellectual instigators of the (UK, Spain, Gibraltar) Tripartite Forum.
Rolls-Royce has been awarded a £258 million engine contract for the UK's fleet of Royal Navy and Royal Air Force Sea King helicopters over the next 10 years. One of them is permanently based in the Falkland Islands.
Chile's renowned Torres del Paine national park in Patagonia is also suffering the consequences of the global slowdown according to visitors numbers released by the regional Forestry and Parks Department, Conaf.