India's trade with Latin America has gone down in 2012 in comparison to 2011. This is the second time the trade went down in the last decade when it was steadily growing. The earlier decline was in 2009 at the height of global crisis. Trade with the top seven countries of the region declined 15% from 25.274bn dollars in 2011 to 21.302bn in 2012.
Africa’s fifty four countries joined South America “in recognizing the legitimate sovereignty rights of Argentina over the Malvinas, South Georgia and South Sandwich Islands and the adjoining maritime spaces”, announced the Argentine Ministry of Foreign Affairs in a communiqué in reference to the so called Declaration of Malabo, capital of Equatorial Guinea.
The long-awaited showdown in a US appeals court this week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.
British tabloid The Sunday Times indicated on Sunday that the Iran-Argentina accord on the investigation of the AMIA bombing case could also hide a joint missile development project. Furthermore, the paper assured “Argentina is developing missile technology that could threaten the Falkland Islands.”
The Memorandum of Understanding, MOU, between Argentina and Iran to investigate the 1994 bombing in downtown Buenos Aires, will be discussed in Argentina’s Lower House after having received approval in the Senate.
Catholicism in Latin America is lively and dynamic, Brazilian Cardinal Raymundo Damasceno Assis said on Sunday, suggesting that the church look to Latin America for leadership. Damasceno is one of the 117 cardinal electors that will participate in the upcoming conclave to elect a new pope, following Benedict XVI announcement he is stepping down at the end of the month.
Foreign Secretary William Hague will discuss the United States' position on the Falkland Islands with Secretary of State John Kerry following reports that Washington will not recognise the result of next month's referendum.
A Russian cruise ship Lyubov Orlova, at one time a frequent summer visitor to the Falklands, abandoned and adrift in the North Atlantic has been located about 2.400 kilometres off the west coast of Ireland.
Moody's Investors Service on Friday cut the United Kingdom's credit rating to Aa1 from AAA for the first time since 1978, citing weakness in the nation's medium-term growth outlook that it now expects to extend for a number of years.
US multinational financial service corporation Morgan Stanley has declared that Spain has already got over the worst of the economic crisis and augurs that it “will become the next Germany” in the European Union. This however is challenged by the Financial Times, Goldman Sachs, Citibank and the IMF.