
IMF Managing director Christine Lagarde urged on Monday developing countries to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.

Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.

British ambassador in Chile Jon Benjamin met this week in Punta Arenas with a group of local students from municipal managed schools who were recently part of an exchange program with the Falkland Islands and underlined the close links between the two communities.

An oil drilling rig with 67 crew members on board capsized and sank off the Russian far eastern island of Sakhalin (North Pacific, Sea of Okhotsk) when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said.

Spanish ambassador in Uruguay Aurora Diaz-Rato criticized Argentina following an incident with an Argentine Coast Guard unit which tried to intercept a Spanish flagged vessel when exiting Montevideo en route to the Falkland Islands.

As Spanish vessel with Falkland Islands fishing licence was harassed Saturday morning by the Argentine Coast Guard on leaving the port of Montevideo for the South Atlantic and had to reroute course in Uruguayan waters until reaching the high seas.

A Royal New Zealand Air Force C130 Hercules is making an emergency flight, laden with life-saving supplies, for sinking Russian fishing vessel Sparta stranded in Antarctica.

Uruguay considers that British control over the Falklands or Malvinas Islands constitutes a “colonial enclave”, which is “inadmissible”, and that is why Falklands’ flagged vessels are barred from entering Uruguayan ports, said on Friday Foreign Affairs minister Luis Almagro.

Hollywood legend Meryl Streep concedes her own personality may bear more than a passing resemblance to Britain's steely former Prime Minister Maggie Thatcher, whom she portrays in the new movie “Iron Lady” based on the days leading to the Falkland Islands conflict in 1982

The extent to which Britain's Armed Forces will support the security effort for next year's Olympic and Paralympic Games in London was announced Friday by the Defence Secretary, Philip Hammond.