International

• Monday, May 21st 2012 - 03:34 UTC

  Investors will opt for Uruguay and its legal system, says Spanish ambassador

  

  The seizure of YPF by Argentina can be expected to have a positive repercussion for Uruguay since the country has an enviable legal system and keeps to the rules of the game, said the new Spanish ambassador in Montevideo, Roberto Varela.

• Monday, May 21st 2012 - 01:41 UTC

  Royal Navy expels Spanish Guardia Civil vessels from Gibraltar territorial waters

  

  The Royal Navy expelled a Guardia Civil vessel from Gibraltar waters following an incursion by Spanish fishermen last week, in a clear sign that Britain will not tolerate any attempt to escalate the fishing row.

• Monday, May 21st 2012 - 01:33 UTC

  Prince Edward will inaugurate Gibraltar’s new air terminal; no decision on the name

  

  The Earl of Wessex, Prince Edward, will formally inaugurate and name Gibraltar’s new air terminal during his forthcoming visit to the Rock. The plan was revealed during a debate in the Gibraltar parliament after Opposition leader Peter Caruana suggested the British Royal should carry out the task.“It’s already on his agenda,” replied Chief Minister Fabian Picardo.

• Monday, May 21st 2012 - 01:03 UTC

  UK ‘hunter-killer’ nuclear-powered submarine en route to Falklands, says The Sun

  

  British nuke submarine HMS Talent was dispatched this week end to the Falkland Islands “with Tomahawk warheads” on what could be a warning signal to Argentina, according to UK sensationalist tabloid The Sun.

• Monday, May 21st 2012 - 00:06 UTC

  Vulcan flypast at Falklands’ memorial in the Arboretum at Staffordshire

  

  A Vulcan bomber which launched air raids on Stanley Airport thirty years ago has flown over the peaceful countryside of central England to mark the dedication of a new Falklands Memorial to the 255 British servicemen and three women Islanders killed in the conflict.

• Sunday, May 20th 2012 - 22:28 UTC

  SS Britain “floated” on a sea of neon-green jelly for UK Museum at Night season

  

  The SS Great Britain that in the seventies was recovered from the Falkland Islands and is currently moored in Bristol has been “floated” in a sea of neon-green jelly as part of a cultural festival.

• Sunday, May 20th 2012 - 22:24 UTC

  Repsol working with a Chinese rig drills dry well off the coast of Cuba

  

  Spanish oil company Repsol has announced a first attempt to find oil in Cuban waters has failed. Repsol spokesman Kristian Rix said an exploratory well it drilled some 50km off Cuba was unsuccessful and would be abandoned.

• Sunday, May 20th 2012 - 22:20 UTC

  Obama, , Hollande and Monti push for growth and debt reduction at G8 summit

  

  President Barack Obama pledged at the G8 summit on Saturday to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening Euro zone crisis from destabilizing the global economy.

• Sunday, May 20th 2012 - 22:15 UTC

  Armed Forces parade at Windsor Castle to mark Queen Elizabeth II Diamond Jubilee

  

  Queen Elizabeth II watched as thousands of Royal Navy, Army and Royal Air Force troops paraded outside her Windsor Castle home Saturday to mark her Diamond Jubilee.

• Friday, May 18th 2012 - 23:03 UTC

  World’s 29 biggest banks need to raise 566bn dollars of common equity by 2019

  

  The world’s biggest banks may have to raise about 566 billion dollars of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, according to analysts at Fitch Ratings.