World stock markets and southern European government bonds sank on Tuesday on fears that political stalemate in Italy would leave its economic reforms in tatters and reignite the Euro zone's broader debt crisis.
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President Rafael Correa said he expects the regional groupings Alba and Unasur to meet urgently and address the “legal aberration” committed by a UN trade law arbitrage tribunal against Ecuador in a case involving US multinational Chevron and decades of environmental damages.
Italy faced political deadlock on Tuesday after a stunning election that saw the anti-establishment 5-Star Movement of comic Beppe Grillo become the strongest party in the country and left no political group with a clear majority in parliament. The protest vote is also a clear signal of the failure of the EU-German sponsored austerity measures which were implemented by the government of the non-elected technocrat government of Mario Monti.
Argentine born Marta Andreasen a UK south east region MEP (Member of the European Parliament) for the UK Independent Party has said she is leaving the party to join the Conservatives.
Argentina accused the UK of displacement of submarines with nuclear weapons capacity in the Falkland Islands, violating international treaties that established the South Atlantic zone as free of nuclear arms. The claim was made on Monday at the United Nations Disarmament Conference in Geneva.
Park Geun-hye made history Monday by becoming South Korea's first female president, pledging to secure South Korea against the threat of an increasingly hostile North Korea at the same time as mending bridges with Pyongyang.
Germany’s CAIROS technologies AG, the parent company of IMPIRE AG, became on Monday the third FIFA licensed Goal-line Technology (GLT) provider, after meeting all the test requirements and making it eligible to be considered for use at the 2014 World Cup, FIFA.
Starting in London his first trip overseas as the new US Secretary of State, John Kerry kept strictly to US policy on the Falkland Islands and refused to comment on the coming referendum when Islanders are expected to decide on their political status and future.
Brazil's President Dilma Rousseff met with Nigeria’s President Goodluck Jonathan in Abuja on Saturday to discuss boosting trade and investment between the two countries, particularly in the energy sector and cooperation in several other fields. The brief visit was sufficient for the two presidents to sign an ambitious memorandum of understanding.