
Leaders of Spain’s indebted autonomous regions pledged on Thursday to control spending after meeting incoming Prime Minister Mariano Rajoy to discuss their troubled accounts, which are at the heart of the country’s economic crisis.

British Prime Minister David Cameron reiterated before Parliament his support for the Overseas Territories, including the Falkland Islands, and their right to remain British. Cameron made special mention to the fact that next year in the anniversary of the liberation of the Falklands “which will be a moment for genuine celebration in all Overseas Territories”

“Uruguay does not figure in the list of countries with which France has financial difficulties”, said a special envoy from President Nicholas Sarkozy who visited Montevideo this week, thus ending the controversy triggered at the end of the early November G8 Cannes summit when Uruguay was described as a “fiscal haven”.

Just a few days after the Conservative Popular Party swept into power in Spain, the British Government has underscored its long-standing assurance that it will not talk about Gibraltar’s sovereignty against the wishes of its people.

HMS Victory, the world’s oldest commissioned warship, is to be returned to her former glory thanks to a 10-year restoration program, the Ministry of Defence announced Thursday. It will be the most extensive restoration of the 246 year old warship since she was repaired after the Battle of Trafalgar in 1805 as Lord Nelson’s flagship.

The Brazilian Central bank latest decision to lower the basic interest rate by half a percentage point to 11%, confirms Brazil leadership as the country with the highest real interest rates in the world. An honour it has held interruptedly for the last 23 months.

Meryl Streep has been named best actress for her portrayal of Margaret Thatcher in upcoming film The Iron Lady by the New York Film Critics Circle.

Global stocks and the Euro rallied on Wednesday after the world's leading central banks agreed to cut the cost for European banks to borrow much-needed dollars.

Corruption continues to plague too many countries around the world, according to Transparency International’s 2011 Corruption Perceptions Index released Wednesday. It shows some governments failing to protect citizens from corruption, be it abuse of public resources, bribery or secretive decision-making.

Emirates Airlines will fly on a daily basis between Dubai and Buenos Aires, with a call at Rio do Janeiro, as of next January 3, it was announced in the Argentine capital by Richard Vaughan Senior Vice-president for Commercial Operations.