The Argentine Government announced on Saturday it had begun the legal proceedings put together with the AFIP tax agency against five British oil companies, accusing them of carrying out illegal operations in the Falklands/Malvinas Islands.
Italian Prime Minister Mario Monti expressed concern about Spain's public finances and said it would not take much to reignite the Euro zone debt crisis and revive the risk of it spreading to Italy.
Two Royal Navy servicemen, Warrant Officer Barry 'Baz' Gray of the Royal Marines and Royal Naval Petty Officer Seb Coulthard will form part of a crew of Antarctic adventurers recreating Sir Ernest Shackleton's 1916 epic and extraordinary double mission.
The president of Brazil's biggest and most influential state soccer organization will replace Ricardo Teixeira as Brazil's representative on FIFA executive committee, South America's football confederation has announced.
The British Government is understood to be supporting a local Gibraltar–Campo (Spain) fishermen resolution to the recent spate of exchanges over fishing rights in British Gibraltar territorial Waters.
The amount spent to protect the Falkland Islands is to fall according to reports in the British media however the Ministry of Defense attributes the changes to ‘accounting policy’ and insists it has the capacity to repel any Argentine aggression of the Islands.
President Cristina Fernandez has finally declassified a scathing review of the mistakes made by Argentina's military junta in going to war with Britain in 1982 trying to recover the Falkland Islands.
Chinese manufacturing slumped for a fifth month in March and the Euro zone economy is showing new signs of wilting, according to surveys revealed this week that pointed to weakening global demand.
The United States has nominated a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time.
Canadian Minister of International Trade Ed Fast has concluded a two-day trade visit to Argentina, to promote the conclusion of exploratory talks towards a possible free trade agreement (FTA) with the Mercosur trade bloc.