Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalized world if its members pressed ahead with painful reforms and moved to more responsible budget policies.
Protesters clashed with police in Spain's capital as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday.
Brazilian President Dilma Rousseff who opened the UN round of General Assembly speeches, called on countries to boost international efforts to tackle the global economic crisis, stressing that a balance must be found to stimulate growth while at the same time controlling public spending without resorting to extreme austerity measures.
Argentina's President Cristina Fernandez hit back at the IMF on Tuesday for warning her country about bad stats data, saying her nation is sovereign and would not be subjected to threats of any kind.
Gibraltar Chief Minister Fabian Picardo told delegates at the Liberal Democrat party conference in Brighton on Sunday night that Gibraltar was grateful for the support it had received over the years from UK politicians.
China's first aircraft carrier has entered into service, the defence ministry announced. The 300 meters Liaoning - named after the province where it was refitted - is a refurbished Soviet ship purchased from Ukraine (ex Varyag).
As Japan and France move away from nuclear energy, is it the endgame for nuclear proponents?
The International Monetary Fund is set to cut its forecast for global growth next month when it updates its projections for the world economy, the head of the IMF said.
Paraguayan president Federico Franco and Spain’s Mariano Rajoy are scheduled to meet on Tuesday at the United Nations building to talk about bilateral issues and the coming Ibero-American summit in Cadiz, next November 16/17 which has become a highly controversial issue.
IMF Managing Director Christine Lagarde warned Argentina on Monday that the multilateral lender is willing to show it a red card if by December the government of Cristina Fernández does not meet its promises of providing reliable inflation and GDP statistics, during a conference at the Peterson Institute in Washington DC.