
International Monetary Fund Managing Director Dominique Strauss-Kahn said the global economy has made remarkable progress and now stands at the cusp of recovery, but it still remains highly vulnerable to shocks and policy missteps

European, Asian and Latinamerican shares have been hit by concerns over Dubai's financial health, after a government-owned company asked for an extension on repaying its debts.

Spain's main oil company Repsol is not interested in selling more than a minority stake in its Argentine YPF unit, despite a report it had a new Chinese bid on the table for a majority holding.

South American football's governing body CSF has backed a bid by Argentina and Uruguay to jointly stage the 2030 World Cup finals to commemorate the centenary of the first tournament that was also held in Uruguay.

Car giant General Motors has firmed up plans to cut 9,000 jobs across Europe, saying that up to 60% will be in Germany. Nick Reilly, a senior official of the US car maker, met employee representatives at a meeting in Germany to go through the firm's detailed plans for the future.

Spain wants to boost trade negotiations between the European Union and Mercosur when it takes over the pro tempore presidency of the block next January, according to Spanish diplomats quoted by Madrid’s main daily El Pais.

A new treaty that aims to close fishing ports to ships involved in illegal, unreported and unregulated (IUU) fishing has been approved by FAO governing Conference. Once it enters into force, it will be the first ever legally binding international treaty focused specifically on this problem.

A distinguished solicitor who has dedicated his life to social and political sciences and promoting culture, Jose Nun is tipped as the next Argentine ambassador in Britain.

Spanish foreign affairs minister Miguel Ángel Moratinos said the Guardia Civil continued to cooperate with law enforcement agencies in the sea around Gibraltar, despite Spain not recognising British sovereignty of those waters.

Charles Darwin's encounter with the first of the two creatures that would provide him with the early clues for his theory of evolution was not a dramatic one. Met an immense Turpin; took little notice of me, the 26-year-old jotted in his notebook in 1835.