International

• Wednesday, October 17th 2012 - 16:50 UTC

  Falklands’ war restored Vulcan bomber will take final flight next year

  

  Britain's only flying Cold War Vulcan bomber and which participated in Operation Black Buck bombing Stanley airport during the Falkland Islands conflict of 1982, will take its final flight next year before being grounded because of soaring restoration costs, according to reports in the UK media.

• Wednesday, October 17th 2012 - 05:03 UTC

  UK tells Spain border checks and delays in Gibraltar border are ‘unacceptable’

  

  Britain this week raised the issue of disproportionate Gibraltar border checks and delays “at the highest level” with the Spanish Government. The issue was revealed in Parliament by Europe Minister David Lidington who was responding to a question in an emergency debate instigated by the all party Gibraltar group.

• Wednesday, October 17th 2012 - 04:51 UTC

  Citigroup CEO who steered the bank through the crisis resigns immediate effect

  

  Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. Mr Pandit is being replaced by Michael Corbat, who was previously the bank's chief for Europe, the Middle East and Africa.

• Wednesday, October 17th 2012 - 04:43 UTC

  Santander desists from purchase of 316 branches from Royal Bank of Scotland

  

  Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline.

• Wednesday, October 17th 2012 - 03:41 UTC

  Ambassador Castro delivered credentials to Queen Elizabeth in ‘warm meeting’

  

  Argentine Ambassador to the United Kingdom, Alicia Castro, delivered on Tuesday her credentials to Queen Elizabeth II in a meeting deemed as “warm,” that will help improve bilateral relations between both countries.

• Wednesday, October 17th 2012 - 03:20 UTC

  PM Cameron inspects air carrier construction: underlines “Made in UK badge”

  

  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.

• Tuesday, October 16th 2012 - 07:46 UTC

  ARA Libertad conflict forces the resignation of the Argentine navy chief

  

  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.

• Tuesday, October 16th 2012 - 07:33 UTC

  UK to withdraw thousands of troops from Afghanistan next year

  

  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.

• Tuesday, October 16th 2012 - 07:29 UTC

  Soros suggests that if Germany does not lead, it should leave the Euro

  

  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.

• Tuesday, October 16th 2012 - 00:07 UTC

  Brazil insists in criticizing US monetary policy, but “we are prepared”

  

  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.