Emerging economies said on Sunday that they will challenge a tradition that has placed an American at the head of the World Bank for decades, as the President Obama administration shows sensitivity to the need for change at global institutions.
Spain rejected Peru's claim to a huge multimillion-dollar undersea treasure recovered from the wreckage of a galleon that had left from Montevideo port more than 200 years ago loaded with precious metals originally from the Peruvian highlands.
Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area and that boosted confidence that across in Africa, Angola's deepwater reserves may be abundant too.
The World Bank has warned China’s government that it must relax its grip on industry and move towards a free-market economy.
Gibraltar Chief Minister Fabian Picardo received at Convent Palace neighbouring La Linea Mayor Gemma Araujo to review issues of mutual interest and concern, during a meeting followed by a press conference which was described as very positive.
An Italian cruise ship with more than 1,000 people on board is without power in the Indian Ocean following a fire. The Costa Allegra is adrift more than 200 miles southwest of the Seychelles, near Alphonse Island.
UK Foreign Office Minister Henry Bellingham has welcomed the declaration of a Marine Protected Area (MPA) around the UK Overseas Territory of South Georgia & South Sandwich Islands.
Argentina has banned two cruise ships from calling at Ushuaia in Tierra del Fuego after they visited the Falkland Islands, apparently based on recent provincial legislation, according to reports in the Ushuaia media.
Meryl Streep, who holds the record with 17 for the most Academy Award nominations by any actor, won the Oscar for best lead actress on Sunday for her portrayal of former British Prime Minister Margaret Thatcher in The Iron Lady, hero of the Falkland Islands.
Uruguayan President José Mujica admitted trade relations with Argentina are “very complicated” because of the import restrictions implemented by the government of President Cristina Fernández and did not discard ‘mirror’ measures to counter