
Britain has accused Argentina of illegally intimidating and attempting to damage the economic livelihoods of the Falkland Islands residents after the Foreign minister vowed legal action against oil companies involved in the Falklands oil industry.

Argentina will take legal action at home and abroad against any companies involved directly or indirectly in hydrocarbons exploration off the Falkland/Malvinas Islands, Foreign Minister Hector Timerman said on Thursday.

President Cristina Fernandez underlined the brotherhood between Argentina and Chile which she described as ‘unalterable’, particularly since both countries are now living under full democracies. She also thanked Chilean support for Argentine claim over the Malvinas and said that the sovereignty dispute has as a crucial element the need to protect the continent’s natural resources.

Prime Minister David Cameron revealed President Barack Obama said the US was content with the status quo in the Falkland Islands and ‘would stop prodding Britain and Argentina’ to talk to each other.

Britain waited only a few minutes for Argentina to finish detailing a barrage of legal and administrative threats against anybody and everybody involved in the Falklands oil industry, and firmly stated its full support to the Islanders development of their hydrocarbons resources.

Ambitious Chinese Communist Party leadership contender Bo Xilai has been sacked from his post as head of the city of Chongqing in a dramatic move that exposes growing ideological divisions just as a new generation readies to take power.

Chinese Premier Wen Jibao made a strong pitch for political reforms in the Communist ruled country, warning that a failure to carry out structural corrections could unleash the upheaval of another Cultural Revolution.

To affirm the Special Relationship, Barack Obama should offer his support to the islanders, writes Jim Sensenbrenner.

Uruguay said Wednesday a contingent of its soldiers serving as peacekeepers in the Sinai have been trapped in their base by Bedouins demanding the release of four colleagues imprisoned in Egypt.

The International Monetary Fund (IMF) will close its Buenos Aires office in protest to Domestic Trade Secretary Guillermo Moreno’s decision to accuse the organization in court, urging it to explain how it calculates Argentina’s inflation rate, sources said.