
As when she first joined the Fleet in 1982, HMS Illustrious has once again been formally welcomed into the bosom of the Royal Navy with a rededication ceremony at sea. The aircraft carrier held the ceremony as she returned from Hamburg - the ship's first visit to a foreign port in more than two years.

Britain’s Foreign Secretary William Hague and Uruguay’s Foreign Affairs minister Luis Almagro will discuss the Falklands/Malvinas flagged vessels issue on Friday according to a release from the British embassy in Montevideo

New Spanish Prime Minister Mariano Rajoy named on Wednesday a cabinet of mostly close advisers charged with reviving the sluggish economy while slashing spending to reassure investors the Euro zone's No. 4 economy can stay solvent.

Europe's banks borrowed nearly 490 billion Euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the Euro and stocks on hopes the funding will ease the two-year old debt crisis.

A former British First Sea Lord (2002-2006) and Commander during the South Atlantic conflict stated that Britain should respond to the Mercosur bloc’s decision to close their ports to ships that fly the Falklands/Malvinas flag, by sending a nuclear submarine to protect the Islands, the Telegraph newspaper reported Wednesday.

By Ian Dunt @IanDunt<http://twitter.com/iandunt - “The protection of peoples' self-determination to choose their own government is the protection of the weak from the strong”

Mercosur signed a free trade agreement with the Palestinian Authority on Tuesday, the first between the territories and a block of nations outside the Arab world. The ceremony took place during Mercosur presidential summit in Montevideo.

Spanish lawmakers voted Tuesday to make conservative leader Mariano Rajoy the new prime minister, approving his program of sweeping budget cuts and tough economic reforms.

Britain’s refusal to contribute to the IMF for a Euro zone bailout fund has left the EU short of its 200 billion Euro target. The UK boycott leaves the Euro zone more reliant than ever on major economies such China and on Russia, which are willing to lend more to the IMF.

A senior director at a Conservative think-tank founded by Jose Maria Aznar, Spain’s former Popular Party prime minister, said Gibraltar was low on the list of priorities for Madrid, particularly at a time of crisis when it needed the UK as an ally.