
The world's biggest marine reserve in Antarctica may have to be given an expiry date to get countries with interests in the prized waters to agree to it. Delegations from 25 nations are resuming in Tasmania a New Zealand-US proposal for a marine protected area (MPA) in the fish-rich Ross Sea, 3500km south of New Zealand.

With the attendance of delegations from the twenty five members from the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR), the annual gathering of international Antarctic scientists and policy makers took off on Monday in Australia.

The president of the European Commission, Jose Manuel Barroso anticipated that 'soon' there will be 'events' referred to the EU/Mercosur cooperation and trade agreement and underlined that Brazil is most interested in making possible such an accord.

In a poorly attended Ibero-American summit held during two days in Panama, the heads of state and government from the Americas, plus Spain and Portugal, decided that instead of holding annual meetings they would get together every other year, starting after the 2014 summit in Veracruz, Mexico.

A landmark trade deal reached between the European Union (EU) and Canada, that will benefit the UK economy and businesses by over £1.3 billion a year, has been welcomed by Prime Minister David Cameron.

The new chairperson of the Galician multinational firm Pescanova, Juan Manuel Urgoiti, authorized the investment bank Lazard to implement an urgent debt refinancing process with the creditor entities.

The United Nations General Assembly elected this week Chad, Chile, Lithuania, Nigeria and Saudi Arabia to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2014. The five countries obtained the required two-thirds majority of those Member States present and voting in the 193-member Assembly.

Argentina agreed to compensate five companies that won rulings over investment disputes as the country looks for the World Bank to approve 3 billion dollars in loans. The companies agreed to accept payment in dollar bonds and to reduce the principal amount of their awards by 25%, the Argentine economy ministry said Friday in a statement.

Saudi Arabia, in a display of anger at the failure of the international community to end the war in Syria and act on other Middle East issues, said it would not take up its seat on the United Nations Security Council.

Milan court ruled that former Prime Minister Silvio Berlusconi should be barred from holding public office for two years following a conviction for tax fraud. But, since Berlusconi is a senator, the court's decision will have no immediate effect and his expulsion from the Senate will depend on a separate vote in the upper house of parliament, expected to take place next month.