
Europe's key institutions should have emergency powers to override economic and financial policies at a national level in times of crisis, Jean-Claude Trichet, former head of the European Central Bank, said on Wednesday.

European Central Bank (ECB) president Mario Draghi said on Tuesday that risks to the Euro zone economy have increased and warned of heightened uncertainty weighing on confidence and sentiment.

The Organization of American States general assembly, meeting in Tiquipaya, Bolivia, passed a resolution urging the Argentine and British governments to find a peaceful way to solve the Malvinas Islands sovereignty dispute.

The Queen has called her Diamond Jubilee a humbling experience, saying she had been touched deeply by seeing so many people celebrating together. In a message to the British nation, she thanked all those who organised the events.

The UK ratified on Tuesday the Falkland Islands people’s self determination following a resolution from the OAS general assembly taking place in Bolivia calling on the two sides (Argentina and UK) to resume dialogue on the sovereignty of the Islands which are claimed by Argentina.

The Group of Seven finance chiefs agreed in a teleconference call to work together to deal with the problems hitting Spain and Greece, Japanese Finance Minister Jun Azumi said on Tuesday.

Argentina’s Foreign Affairs minister Hector Timerman has a challenging and fragile mission in Bolivia: to obtain strong support from the OAS general assembly for Argentina’s claim over the Falklands/Malvinas’ sovereignty ahead of the UN decolonization meeting in New York which President Cristina Fernandez has promised to attend.

The United Kingdom gave its full support to the companies involved in oil and gas exploration in Falkland Islands waters, following Argentina’s announcement on Monday it was beginning legal actions against five companies committed to “illegal” and “clandestine” exploration activities in the disputed Malvinas waters.

An oceanographic ship carrying China's manned deep-sea submersible, Jiaolong, left the eastern port city of Jiangyin on June 3 for the Mariana Trench to attempt the world's deepest manned submersible dive.

Argentina announced on Monday it had accepted the request from the European Union for a round of consultations, before the World Trade Organization, on the country’s controversial trade policies, but at the same time rejected all and every one of the questioned points and dragged the Falklands’ dispute into the fray.