
Giant accounting and consulting firm Deloitte Touche Tohmatsu has been accused of failing to detect fraud during audits of a mortgage firm which failed during the US housing crash.

Greek Finance Minister Evangelos Venizelos dismissed reports that he has discussed a scenario of an orderly default by Athens with International Monetary Fund Chief Christine Lagarde and European Central Bank head Jean-Claude Trichet.

Spanish Prime Minister Jose Luis Rodriguez Zapatero dissolved parliament on Monday, but pledged more measures to tackle Spain's economic crisis before a November election that is expected to hand power to the conservative opposition.

Palestinian President Mahmoud Abbas repeated his refusal to talk with Israel without a settlement freeze after international mediators, responding to his United Nations bid for statehood, urged negotiations within a month.

No one would relish a match against the host nation of the Rugby World Cup, but Argentina, unless the improbable happens next weekend, will face the “All Blacks” in the quarter-finals on 9th October.

For the first time ever the 131 Foreign Affaire ministers from the countries in the G77 coalition plus China urged the United Kingdom to return to negotiations with Argentina over the sovereignty of the Falklands/Malvinas Islands, the Argentine Foreign Ministry informed on Sunday.

With just a few hours to go until World Tourism Day (September 27), the UN World Tourism Organization (UNWTO) has announced the five photos and five “tweets” from among the hundreds of entries submitted to the 2011 World Tourism Day (WTD) competitions that best reflect the 2011 theme, “Tourism – Linking Cultures”.

Four Latin American countries, Argentina, Brazil, Chile and Mexico, have been identified among the seven most important countries on the UN Human Rights Council, in a report by the Human Rights Watch organisation.

Vladimir Putin declared he was ready to return to the Russian presidency after current head of state Dmitry Medvedev announced he would bow to his mentor at March's election.

US Treasury Secretary Timothy Geithner has called on European leaders to take urgent new steps to create a 'firewall' against the crisis spreading. He added that decisions on how to tackle Euro zone debt could not wait until the crisis gets more severe.