
The downturn in cruise bookings by North American and European customers noted earlier this week by industry giant Carnival Corp. is taking place at rival Royal Caribbean Cruises, too, but overall the industry is optimistic.

Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling production. The oil giant said it would spend 30bn dollars on new oil and gas projects this year, compared with 24bn in 2011.

Chris Huhne has quit as UK energy secretary after learning he was to be charged with perverting the course of justice over a 2003 speeding case. His ex-wife Vicky Pryce will face the same charge in relation to claims she accepted his penalty points.

Britain warned Argentina against cutting off an air link to the Falklands as part of an economic blockade of the Islands, reports the Evening Standard. Buenos Aires is threatening to stop a weekly flight from Punta Arenas in Chile to Port Stanley by refusing permission for it to use Argentine airspace.

French Defence minister Gerard Longuet said that following on the deal to sell 126 Dassault Rafale fighter jets to India, Paris is hopeful it can seal a similar contract with Brazil.

The UK is taking advantage of the diplomatic conflict escalade with Argentina over the Falkland Islands sovereignty dispute to distract public opinion from serious domestic problems such as unemployment, said Argentine Vice-president Amado Boudou.

A US federal judge has ruled against Odyssey Marine Exploration in its legal row with Spain over 17 tons of silver coins recovered from a sunken 19th century Spanish galleon.

The French Dassault Rafale has won the 10.4 billion dollars deal to supply 126 Medium Multi-Role Combat Aircraft (MMRCA) to the Indian Air Force (IAF), India’s biggest arms deal which is also the world’s largest in recent years in terms of value as the contract is likely to go up to 20 billion.

Political controversy has erupted in Gibraltar following the outbreak of a Norovirus infection in a local hospital. The highly contagious virus which causes vomiting, diarrhoea and dehydration is not unknown to the cruise industry which has been forced to cancel trips and isolate vessels.

Mariano Rajoy, Spain’s Prime Minister, is expected to meet with his British counterpart David Cameron later this month. According to Spanish press reports the meeting is likely to take place in London on February 21.