
Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.

Moody's Ratings agency announced it has downgraded the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from Aaa to Aa1, with negative outlook on each.

Prime Minister David Cameron rejected the idea of a law to regulate the British press risking a split in his government after an inquiry advised legal backing for a watchdog to police the sometimes outrageous conduct of newspapers

Personnel from 34 Squadron RAF Regiment and No 609 (West Riding) Squadron Royal Auxiliary Air Force (RAuxAF) have attended the funeral of Sir Rex Hunt, former Governor of the Falkland Islands.

British Government has lost a crucial appeal before the European Court of Justice [ECJ] relating to Gibraltar’s territorial waters. Britain was seeking to overturn an earlier judgement dismissing its legal challenge to the European Commission’s approval of a Spanish EU nature site in British waters.

The Bahamas flagged cruise vessel ‘Seabourn Sojourn’ that on Thursday berthed at Ushuaia reported to Argentine port authorities it has no plans to visit the Falklands/Malvinas Islands according to press reports from the capital of Argentine Tierra del Fuego.

The United Nations General Assembly on Thursday endorsed an upgraded UN status for the Palestinian Authority, despite intense opposition from the United States and Israel.

The International Tribunal for the Law of the Sea announced that the decision on the case involving the Argentine Navy frigate ARA Libertad retained in Ghana will be made public next 15 December. On Thursday both sides made their case in a several hours hearing at the seat of the tribunal in Hamburg.

The shells of marine snails – known as pteropods – living in the seas around Antarctica are being dissolved by ocean acidification according to a new study published this week in the journal Nature Geoscience. These tiny animals are a valuable food source for fish and birds and play an important role in the oceanic carbon cycle.

By Lord Julian Hunt and Professor Johnny Chan.(*) - The devastation wrought by super-storm Sandy (253 deaths in the Americas and over 50 billion dollars in economic damage and disruption), is prompting renewed thinking about climate change and national security.