
A statue of former US President Ronald Reagan has been unveiled at a ceremony outside the American embassy in central London. The invited guests include former UK Prime Minister Baroness Thatcher - who was a close ally of Reagan when they were both in power in the 1980s.

Strengthening Brazil-UK defence cooperation agreement and building Atlantic and wider security are among the issues to be addressed by UK and Brazil during the three day visit of Defence minister Dr Nelson Jobim to Britain

Following the second rescue of Greece, Spain is the next candidate to request a major financial aid package according to William Hill one of the largest bookmakers in the United Kingdom.

As of this month RAF Lyneham's Hercules fleet has a new base at RAF Brize Norton which is becoming critically important as an RAF logistics support hub including the air bridge with the Falkland Islands.

Mercosur/European sixth round of negotiations to reach a wide ranging cooperation and trade agreement took off Monday in Brussels, but rather timidly with no immediate prospects of an exchange of proposals for market access.

Ratings agency Standard and Poor's warned on Monday that efforts to bailout Greece involving private banks could amount to a debt default even as Brussels sees progress being made in resolving the crisis.

The European Central Bank should not hike interest rates aggressively and wait for stronger Euro zone growth before increasing rates after this week's expected move, OECD head Angel Gurria said on Monday.

Euro zone finance ministers have approved a 12 billion euro instalment of Greece's bailout, but signalled that the nation must expect significant losses of sovereignty and jobs.

A majority of left-leaning French voters, 60%, want former IMF chief Dominique Strauss-Kahn, whose high-profile trial on sexual assault charges could collapse, to return to French politics, a poll released showed.

Chinese President Hu Jintao has issued a mea culpa for rampant corruption in the ruling Communist Party, warning members about alienating the public as the organisation celebrates its 90th anniversary.