
Russian military sales have become so frequent in recent years that they no longer make for major headlines. However, as Washington policymakers continue to voice concern about Iran’s growing influence in Latin America, some alarmists argue that Russia’s eagerness to supply the region with weapons is likely to trigger a “soft arms race” and present itself as a threat to the United State’s historic hegemony in the Western Hemisphere.

Falkland Islands Legislative Assembly member Bill Luxton aimed a fierce broadside against Argentine government propaganda and pressure on the Falklands. He was supported by several colleagues from the Legislative Assembly.

Spain’s ruling Socialist (PSOE) coalition candidate for mayor in La Linea, neighbouring with Gibraltar, promised to rebuild relations with the British Overseas Territory if she wins the forthcoming municipal election.

Argentina's federal government on Friday said it will pay 2.17 billion US dollars owed to international financial organizations this year with central bank reserves and funds held in the treasury.

The IMF relation with Argentina is like romance with its ups and downs, said IMF Managing Director Dominique Strauss-Khan who added he trusted that the IMF technical mission that will be visiting Argentina to help elaborate a new retail prices index would achieve “significant advances”.

The director of the London School of Economics has resigned over its links to Libyan leader Col Muammar Gaddafi. Sir Howard Davies said he recognised the university's reputation had suffered and he had to quit.

Citizens of oil producing nations must see more benefit from their country's national resources, billionaire investor said George Soros interviewed by the BBC. Revolts in Libya were partly the result of revulsion against a corruption fed by the misuse of oil money, he added.

A Brazilian court on Thursday lifted an order that suspended construction of the massive but controversial Belo Monte hydroelectric plant in the Amazon rain forest, a project expected to face barrage of lawsuits by environmental critics.

Rapid growth of emerging economies like China, India and Brazil is boosting the American exports, US Treasury Secretary Timothy Geithner has said.

China will reduce import tariffs on a range of products and further cut red tape involved in import application procedures, to “maintain balanced trade” according to statements from a senior official to a local newspaper.