
The sharp decline in production of oil and gas from under British waters is “worrying” industry leaders. Trade body Oil and Gas UK says there is record investment this year of £13.5bn, but its annual report on the industry's economic impact highlights the sharp fall in output of 19% during 2011 and 14% in 2012.

The Brazilian government has expressed concern that some hotels listed on FIFA website for the 2014 World Cup plan significant price increases during the tournament. Brazil’s tourism board, Embratur, is said to have notified the justice ministry after its research showed that rates will be up to 500% more expensive during the World Cup in some hotels offered by the MATCH Services agency on FIFA website.

The conflict between the administration of President Cristina Fernandez and the powerful Clarín media Group CEO Héctor Magnetto crossed the Atlantic and reached UK newsstands as British daily The Guardian published an article on Argentina’s Media Law.

Bradley Manning, the US soldier convicted of the biggest breach of classified data in the nation's history by providing files to WikiLeaks, was sentenced to 35 years in prison. Judge Colonel Denise Lind, who last month found Manning guilty of 20 charges including espionage and theft, could have sentenced him to as many as 90 years in prison. Prosecutors had asked for 60 years.

Al Jazeera is launching a new TV news channel in the United States. The network will be available in almost 48 million US households, offering 14 hours of news each day. Al Jazeera replaces Current TV, the cable television network founded by former US Vice President Al Gore, which the Qatar-owned broadcaster acquired in January 2013 for around 500m dollars.

Vice-president Danilo Astori said he was surprised at the way events unfolded ending with the decision from the Royal Bank of Canada of leaving Uruguay, but also concerned about the international impact of such a move, triggered by a ‘disorderly’ raid in its offices.

Newly-formed mining giant Glencore Xstrata has written down the value of Xstrata's assets by 7.7bn dollars and reported a drop in revenues. The firm, which was created in May, said the write-down reflected tougher conditions in the mining sector.

Over one million World Cup finals ticket requests were made within the first seven hours of public sale, soccer's world governing body FIFA said on Tuesday. Most demand for tickets came from Brazil, Argentina, United States, Chile and England.

During a debate on the “Malvinas Question”, Argentine ambassador to the United Kingdom Alicia Castro launched a strong attack on Prime Minister David Cameron describing him as “a fool, dumb, and completely useless” politician, because of his comments when the election of Pope Francis.

By Simon Jenkins (*) (The Guardian) Nothing beats a gunboat. HMS Illustrious glided out of Plymouth on Monday (August 12), past HMS Victory and cheering crowds of patriots. Within a week it will be off Gibraltar, a mere cannon shot from Cape Trafalgar. The nation's breast heaves, the tears prick. The Olympic spirit is off to singe the king of Spain's beard. How dare they keep honest British citizens waiting six hours at Spanish border control? Have they forgotten the Armada?