International

• Tuesday, May 22nd 2012 - 05:52 UTC

  Price of oil picks up after China announces it will bolster economic growth

  

  The price of oil rose for the first time in seven days in New York after China pledged to boost the nation’s economy and Goldman Sachs Group Inc. said the balance between supply and demand of crude is tightening.

• Tuesday, May 22nd 2012 - 03:11 UTC

  Banker launches another challenging controversial book with Germany as the “Euro-zone hostage”

  

  Former German central banker Thilo Sarrazin, whose musings on Muslim immigrants sparked outrage in 2010 has triggered fresh controversy with a book that paints Germany as the Euro zone's hostage, forced to pay out vast sums to atone for the Holocaust.

• Tuesday, May 22nd 2012 - 03:07 UTC

  German oil company ignores YPF seizure and keeps expanding activities in Argentina

  

  Germany's Wintershall, the oil and gas arm of chemicals group BASF, said on Monday it was unperturbed by the enforced nationalisation of Argentine oil company YPF, having just been awarded another oil and gas licence there.

• Monday, May 21st 2012 - 06:39 UTC

  Taiwan demands from Latam allies “fair, legal and effective” cooperation relation

  

  Taiwan will continue to cooperate with Latin America as long as the relation is fair, legal and effective, said re-elected president Ma Ying Jeou who also described that links with Beijing will continue to be: “no unification, no independence and no arms”.

• Monday, May 21st 2012 - 06:26 UTC

  Nato discusses how to leave Afghanistan without causing the collapse of Kabul

  

  US President Barack Obama has warned of “hard days ahead” at a Nato summit in Chicago dominated by the issue of withdrawal from Afghanistan. France's new President Francois Hollande has again said he will pull French troops out by the end of 2012, nearly two years ahead of schedule.

• 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.