
Argentina’s National Securities Commission, CNV, officially communicated leading international stock exchanges in the US and Europe that hydrocarbons companies operating in the Argentine continental shelf in the area of the disputed Falklands/Malvinas Islands are involved in “illicit and clandestine” activities.

By Andrew Hammond (*) With London 2012 proving a once-in-a-generation global showcase for Britain, a key uncertainty nonetheless remains over whether a substantial, meaningful legacy can be secured in future years from hosting the games. Given that the official public cost of the Olympics is some 9.3 billion pounds (a figure Parliament believes is nearer 11 billion pounds, and Sky News estimates to be a staggering 24 billion pounds) this is a key question, especially as Britain languishes in a double dip recession.

As British bank denies accusations it hid 250 billion dollars in transactions with Iranian banks, its share price falls sharply. Standard Chartered has rejected a US regulator's claim that it hid 250 billion dollars in transactions with Iranian banks in violation of US sanctions.

Pickets of unemployed and union members in the south of Spain took over supermarkets and took food produce which they then delivered to social organizations and needy families to protest and warn of the consequences of the tough measures implemented by the government.

The Schmallenberg virus reached the UK this summer and could spread throughout the country, scientists say. Staff from the Royal Veterinary College (RVC) and Institute for Animal Health (IAH) found the virus in animals on the RVC farm in Hertfordshire in June.

The July edition of the South Georgia Newsletter recalls a major British military and political event in the South Atlantic has been largely overlooked by the region’s history books. A Royal Navy task force, codenamed Operation Journeyman, was deployed to the waters around South Georgia and the Falklands in 1977 following the occupation of Southern Thule in the South Sandwich Islands by 50 Argentine “scientists”.

The United Nations’ food agency cut its 2012 global rice production forecast but said supply would still outstrip demand and that there was no increased risk of a food crisis as long as countries do not resort to export bans.

Spain’s new Ambassador to the United Kingdom, Federico Trillo-Figueroa, has claimed that his Foreign Minister, Jose Garcia Margallo, has managed to revive bilateral dialogue with UK over Gibraltar within the Brussels context.

France will hire professional fishermen to kill some 20 sharks off the Indian Ocean island of Reunion this week in an effort to understand the reasons for a series of attacks in the surfing hotspot.

Food inflation in Latin America and the Caribbean reached 8.9% in June compared to the same month in 2011, which means the highest so far this year, according to a report from the UN Food and Agriculture Organization, FAO.