British Prime Minister, David Cameron, visited Rosyth dockyard on Monday to see the work taking place to build the first of the two new Queen Elizabeth Class aircraft carriers.
The ARA Libertad conflict retained in Ghana has a new victim: Argentina’s Navy chief of staff Admiral Carlos Alberto Paz tendered his resignation and was replaced by his deputy Vice-Admiral Daniel Alberto Martin.
Britain plans to withdraw thousands of troops from Afghanistan next year, Defence Secretary Philip Hammond said, as pressure mounts to end British involvement in the costly and unpopular war.
The European Union could be destroyed by the nightmare Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.
Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.
Argentina’ Defence Ministry announced on Monday that two top Navy officers had been disciplined for their responsibility in plotting the course of the training frigate ARA Libertad currently retained in Ghana on an injunction from a US based hedge fund and following a failed plea last Thursday.
Condemned by recession, almost a million persons have left Spain since January last year according to a report from the country’s National Statistics Institute, INE, which also points out that the trend has intensified in the first nine months of this year.
Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.
China's policymakers have been given more room to boost stimulus measures after the country's inflation rate dipped in September. Consumer prices rose 1.9% from a year earlier which is down from a rate of 2% in August.
Alvin Roth and Lloyd Shapley have won the 2012 Nobel Prize in economics. The Royal Swedish Academy of Sciences cited the US academics for their work on the “theory of stable allocations and practice of market design”.