
Mercosur presidential summit next week in Brazil has on the table an agenda of several highly sensitive issues that could deepen the rift between senior members Argentina and Brazil and junior members Paraguay and Uruguay, according to Uruguayan parliamentary sources.

THE anniversary of the Battle of the Falkland Islands, the second major naval engagement of the First World War, was this year also the date chosen for the signing of the new Falklands Constitution.

Argentine and Chilean naval forces will hold this week the Viekaren IX joint exercises in the Beagle channel zone in Tierra del Fuego, extreme south of South America, according to a release from the Chilean navy.

The Admiral Chabanenko had earlier completed manoeuvres with Venezuela's navy, coinciding with a Latin American tour by the Russian president.
Headlines: Norwegian Sun marks the arrival of Falklands summer; Missing cocaine: Not guilty pleads Spanish fisherman; Chief of Police's conduct under investigation; Skype users low priority?; The week's cruise ships.

Former Chilean President Ricardo Lagos announced he's not running in next year's presidential race, leaving the ruling but weakened centre-left Concertacion coalition without its main contender.

The Bank of England cut interest rates on Thursday by one percentage point, from 3% to 2% - the lowest level since 1951. The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut should help the slowing economy.

Chilean president Michelle Bachelet officially opened Tuesday in Valparaiso the 2008 edition of the Exponaval fair, South America's most important naval industries event with the participation of 32 foreign delegations and 130 companies and organizations linked to maritime activities.

Republican Saxby Chambliss has won a run-off election in Georgia, denying Democrats the chance for a 60-seat supermajority in the US senate that would have enabled them to pass legislation virtually at will.Chambliss, the 65-year-old incumbent, defeated Democrat Jim Martin for the seat.

The first comprehensive inventory of the sea and land animals living in a polar region has been carried out by British and German scientists. A team from the British Antarctic Survey (BAS) and Hamburg University found that Antarctica's South Orkney Islands were surprisingly rich in life. More than 1,200 species were counted, including five new to science.