
Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt restructuring could pre-empt more trouble.

The World Organization for Animal Health (OIE) declared rinderpest, one of the deadliest diseases of cattle and of several other animal species, eradicated from the surface of the earth.

Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tariffs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned this week.

The Group of Eight leaders meeting in France are expected to approve on Friday billions of dollars in aid in support of the ‘Arab spring’ with a program designed to foster change sweeping North Africa and the Middle East.

The United Nations Special Committee of 24, (for the implementation of the declaration on the granting of independence to colonial countries and peoples) will hold its annual regional seminar in Kingstown, Jamaica, Saint Vincent and the Grenadines, from 31 May to 2 June.

Uruguay will be holding next month the presidency of the UN Human Rights Council during 2011/2012 and for this motive UN Secretary General Ban Ki-moon is scheduled to visit Uruguay June 16th when he will be meeting President Jose Mujica and other top officials.

President Obama has told British politicians that, despite the rise of new global powers, the time for US and European leadership is now. He said the influence of the US, UK and allies would remain indispensable, in a speech in Parliament on the second day of his UK state visit.

United States Treasury Secretary Timothy Geithner said France's Christine Lagarde and Mexico's Agustin Carstens are both credible candidates to lead the International Monetary Fund, but he wants the candidate who can earn the broadest support.

The global economic recovery still faces many risks, which could lead to stagflation, the OECD has said in its latest economic outlook. World growth is forecast to be 4.2% this year, down from 4.9% last year, before rising to 4.6% in 2012.

Gibraltar’s opposition has signalled unease with the prospect of the conservative PP forming a government in Spain in the near future. In a statement analysing the municipal results the Opposition says that Gibraltarians will feel “extremely nervous” about the prospect of the PP in power.