
Fitch expects its ratings review of six Euro zone states will result in downgrades of one to two notches in most of those countries, senior director Ed Parker said at a Fitch conference in Madrid.

UK unemployment rose by 118,000 in the three months to November to 2.69 million, official figures show. The Office of National Statistics (ONS) said the unemployment rate also rose to 8.4% from 8.3%, the highest since January 1996.

The British newspaper arm of Rupert Murdoch's News Corp has acknowledged to victims that executives covered up the scale of illegal activity by destroying evidence and lying to investigators, victims' lawyers said.

Foreign Secretary William Hague during a major speech on foreign policy in Brazil said that the UK will always uphold sovereignty over the Falkland Islands and the rights of the Islanders to self determination.

Britain nowadays is not a colonialist country and Argentina should leave the Falkland and its people in peace and respect their right to self determination, said Falklands elected member of the Legislative Assembly Dick Sawle quoted in the Argentine media.

Foreign Minister Héctor Timerman assured that Argentina’s strategy on the Malvinas Islands sovereignty claim “is working” and added that “the only way for England to get out of this mess is through direct negotiations with Argentina.”

HRH Prince Harry will visit Brazil in March, Foreign Secretary William Hague confirmed on Thursday. Hague is currently on a two-day visit to Brazil and made the announcement during a press conference next to Sérgio Cabral, Governor of Rio de Janeiro.

Argentina’s acting president and Vice-President Amado Boudou praised the immediate support expressed by several countries in the region in the bilateral conflict between Argentina and the United Kingdom over the Falklands/Malvinas Islands sovereignty.

A British newspaper revealed that the UK Prime Minister’s accusations of ‘colonialism’ against Argentina came after being warned that “Buenos Aires was plotting a mock fishermen’s invasion” of the Falkland Islands.

The World Bank warned developing countries today to prepare for the real risk that an escalation in the Euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09.