Four years after the onset of the global financial crisis, the worst appears to be over. However, the global economy remains fragile, as high-income countries continue to suffer from volatility and slow growth, says the World Bank’s latest Global Economic Prospects, issued on Wednesday.
British Prime Minister David Cameron came under renewed pressure to loosen his country's ties with the European Union today, two days ahead of a major speech in which he will spell out plans to renegotiate Britain's membership of the EU.
Britain’s prized AAA credit rating remains under “significant pressure”, the Fitch rating agency warned this week. David Riley, the head of global sovereign ratings at the agency, said Chancellor George Osborne’s admission in last month’s autumn statement that he would miss his 2016 target date for public debt to start falling had been a “negative event” for the UK.
Ministers from Argentina and the United Arab Emirates (UAE) have signed a memorandum of understanding on peaceful uses of nuclear energy during the official visit to Abu Dhabi of Argentine president Cristina Fernandez.
Cuba's Public Health Ministry on Tuesday acknowledged 51 new cases of cholera in the capital Havana amid growing concerns about the illness' spread and disappointment in the diplomatic community over the government's lack of transparency.
The British government considers ‘highly unlikely’ Argentina will attempt to invade the Falkland Islands, according to Defense Minister Andrew Robathan. But the UK is prepared for any outside contingency that might want to interfere with the March referendum on the Falklands’ future.
The United Kingdom defence chiefs have drawn up new contingency plans designed to prevent hostile action by Argentina towards the Falkland Islands, ahead, during or after the March referendum, according to reports presented by English newspaper The Telegraph.
Gibraltar must remain steadfast in its own position on sovereignty the Chief Minister Fabian Picardo has made clear. In a wide-ranging New Year message broadcast last week on GBC Mr Picardo took up the recent remarks made by Spain’s ruling party (Partido Popular) and urged them to return to tripartite dialogue as the (opposition) PSOE in Andalucia is also urging.
The open letter sent by Argentine president Cristina Fernandez to Prime Minister David Cameron demanding the return of the Falkland Islands, which allegedly were “forcibly stripped” from Buenos Aires in 1833 will be distributed as a document among members of the UN General Assembly, on request from the Argentine ambassador Maria Perceval.
British cruise line operator P&O has scrapped stops in Argentina because of continuing tensions with the country over the Falkland Islands. Two of its vessels will no longer dock at three Argentine port destinations on around-the-world cruises. The decision was taken because there was no guarantee they will be able to dock.