
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”.

A referendum on Scottish independence will take place before the end of 2014 following an agreement signed on Monday by UK Prime Minister David Cameron and Scottish leader Alex Salmond.

The Gibraltar Government strongly condemned the lengthy and deliberate delays to cross the frontier into Spain which have been experienced by Gibraltarians and visitors to Gibraltar. Chief Minister Fabian Picardo, currently in London has already been in touch with the UK Government and urged them to take up the matter with Spain at the highest level

Two student leaders who have been at the head of the 18 months long demonstrations in Chile demanding an overhaul of the education system will be honoured this week with the 2012 Letelier-Moffit Human Rights Prize in representation of the Chilean Students Federation.

The European Union won the Nobel Peace Prize on Friday for promoting peace, democracy and human rights over six decades in an award seen as a morale boost as the bloc struggles to resolve its economic crisis.

Prominent Chinese dissident Wei Jingsheng on Thursday criticized the awarding of the Nobel literature prize to officially tolerated author Mo Yan, saying the move was meant to please Beijing.