
Newly appointed British Foreign Secretary William Hague has declared that the Conservative Government’s position on the Gibraltar issue “is well known and has not changed.”

World shares fell on Wednesday after a surprise move by Germany to ban some types of short-selling of financial products. Bans on short selling have been introduced in recent times of financial instability by both the UK and US.

United States President Barack Obama was voted as the most amiable national leader according to the 2010 Barómetro Iberoamericano de Gobernabilidad, an organization that conducts studies of governmental and economic institutions in Latin America, Spain, and Portugal.

The Euro dropped to a new four-year low against the US dollar on Wednesday in Asian markets, changing hands at 1.2144 US dollars in early trade in Tokyo, amid persistent concerns over the European debt crisis.

Spain’s Popular Party opposition has complained after a Spanish ministry issued guidelines to maritime rescue services that appear to acknowledge British Gibraltar territorial waters.

United Kingdom consumer price inflation unexpectedly jumped to a 17-month high in April, 3.7%, driven by big rises in tax on alcohol and tobacco as well as higher prices for women's clothing and food, data showed.

European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.

The Euro fell to its lowest since April 2006 even as European finance ministers sought to dissipate concern that spending cuts to combat the region’s debt crisis won’t cause a double dip in the economy.

England’s Manchester United agreed on a sponsorship accord with Vina Concha y Toro SA, making Chile’s largest winery the latest company to become an official partner of the 18-time English soccer champion.

Greece is investigating US investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in Euro zone economies, Prime Minister George Papandreou said in comments broadcast.