
In a very close result the Gibraltar Socialist Labour Party (GSLP) Liberal Alliance were elected on Thursday into government with Fabian Picardo topping the poll.

The European Central Bank cut interest rates by a quarter of a point Thursday to counter the twin threats of recession and deflation in the Euro zone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.

Europe's banks must increase their capital by 114.7 billion Euros, more than predicted two months ago, to make them strong enough to withstand the Euro zone debt crisis and restore investor confidence, Europe's banking watchdog said.

Argentine Defence minister Arturo Puricelli rejected the announced UK plan to create a huge marine protection zone in South Georgia saying the British are feeling “uneasy” because of the Argentine diplomatic work displayed to claim the South Atlantic Islands.

Women are to be allowed to serve in submarines for the first time in the Royal Navy’s history the Secretary of State for Defence, Philip Hammond, announced on Wednesday. The decision comes following an 18-month review conducted by the Royal Navy looking at the legal, operational, health, social, technical, and financial issues of allowing women to serve on submarines.

Russian Prime Minister Vladimir Putin, facing the possibility of nationwide protests against his rule, on Thursday accused US Secretary of State Hillary Clinton of instigating demonstrators in the wake of the disputed parliamentary election.

UK interest rates were held at a record low of 0.5% by the Bank of England's Monetary Policy Committee on Thursday.

An Internet version of a red light district opened this week as Web addresses with .xxx endings became available for purchase by those interested in providing online adult content.

The number of journalists jailed around the world increased more than 20% in 2011, mainly because of government crackdowns in the Middle East and North Africa, a nonprofit organization said Thursday.

If the Nobel Society had an award for sustainability, it would resemble the Katerva Awards, a new international prize for the most promising ideas and efforts to advance the planet toward sustainability. (Reuters *)