By Andrew Hammond (*) With London 2012 proving a once-in-a-generation global showcase for Britain, a key uncertainty nonetheless remains over whether a substantial, meaningful legacy can be secured in future years from hosting the games. Given that the official public cost of the Olympics is some 9.3 billion pounds (a figure Parliament believes is nearer 11 billion pounds, and Sky News estimates to be a staggering 24 billion pounds) this is a key question, especially as Britain languishes in a double dip recession.
As British bank denies accusations it hid 250 billion dollars in transactions with Iranian banks, its share price falls sharply. Standard Chartered has rejected a US regulator's claim that it hid 250 billion dollars in transactions with Iranian banks in violation of US sanctions.
Chaos in Buenos Aires City traffic as the 600.000 daily subway commuters were again left on Wednesday with no service for the fifth day running and no prospects of a solution in sight as a mediation effort with striking workers collapsed.
Pickets of unemployed and union members in the south of Spain took over supermarkets and took food produce which they then delivered to social organizations and needy families to protest and warn of the consequences of the tough measures implemented by the government.
The strike declared by the Brazilian Federal Police on Tuesday is beginning to cause difficulties at international airports, delaying the crossing of visitors to neighbouring countries and some organized pickets have been marching in front of federal government offices.
The Schmallenberg virus reached the UK this summer and could spread throughout the country, scientists say. Staff from the Royal Veterinary College (RVC) and Institute for Animal Health (IAH) found the virus in animals on the RVC farm in Hertfordshire in June.
The Paraguayan government had decided to appeal before the International Court of Justice in The Hague the suspension imposed on Paraguay by the governments of Argentina, Brazil and Uruguay as a sanction for the removal of Fernando Lugo as president of the country, last June 22.
Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Panamanian government approved this week the proposal to restructure the Panama Canal's pricing system.
The special Unasur commission that is monitoring and following political events in Paraguay since the removal of Fernando Lugo as president and his replacement by Federico Franco, is expected to make a first presentation next Thursday said Peruvian Foreign affairs minister Rafael Roncagliolo.
President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands.