
IMF Managing Director ‘Madame (Christine) Lagarde’ had words of support for Argentina’s position in the dispute with ‘vulture’ (hedge) funds during an informal encounter with Argentine officials on the sidelines of the recent G20 summit in Russia.

United Kingdom’s Premier Oil PLC has been incorporated to the black list of companies banned by Argentina from operating in the country because of its hydrocarbons ‘illegal and clandestine’ activities in the continental shelf next to the Malvinas Islands without the competent authorization.

Two Falkland Islands bills will go on sale at Spink’s London World Bank Notes next October 2-4, which are considered to be of great interest for British Empire and/or low serial number enthusiasts.

US and UK intelligence have reportedly cracked the encryption codes protecting the emails, banking and medical records of hundreds of millions of people. Disclosures by leaker Edward Snowden allege the US National Security Agency (NSA) and the UK's GCHQ successfully decoded key online security protocols.

German carmaker Daimler plans to build a new Mercedes factory in Brazil to benefit from growing demand for compact cars in the country, its chief executive told a German newspaper.

The world's largest volcano has been discovered on the floor of the Pacific Ocean. The volcano, 1,600 kilometres east of Japan and called the Tamu Massif, is the size of the British Isles. It covers 308,000 square kilometres, rising around 3.54 km above the bottom of the seabed and delving 29 km into the Earth's crust.

The Group of 20 said on Friday they expect to begin automatically sharing tax information by the end of 2015. The system of information sharing forms part of plans to tackle global tax evasion. In a communiqué published on Friday, G20 leaders said they would take steps to close loopholes that allow legal tax avoidance by big businesses.

Australia's opposition has crushed the governing Labour party in a general election that has returned the Liberal-National coalition to power for the first time in six years. The coalition was on course to win 88 seats, compared with 57 for Labour. Liberal leader Tony Abbott said he looked forward to forming a competent and trustworthy government.

International Labour Organization Director-General Guy Ryder welcomed the recognition by G20 Leaders that more must be done to reduce unemployment, which is hitting record levels in many G20 countries, and to tackle the underemployment that is slowing poverty reduction in many developing and emerging economies.

China’s government may cut the country’s annual growth target to 7% next year, although the actual pace of expansion will be higher, said Fan Jianping, chief economist at a state research institute. The drop would be in line with the goal set in the country’s 2011-2015 five-year plan for annual average expansion of 7%.