
As in most of the rest of the world, conflicting visions of the latest global monetary events and its impact on emerging economies have surfaced among Uruguay’s top officials responsible for the running of the economy and finances.

A leading Uruguayan economist warned Wednesday about the risks of being highly dependent on Brazil for foreign trade, particularly since the Uruguayan economy could “be trapped in a competitive edge island”.

A ceremony marking HMS Edinburgh’s return to the fleet after a £17.5m upgrade took place at Portsmouth Naval Base last week. The Portsmouth-based Type 42 destroyer - which was out of action for 18 months for the refit - was “re-Christened” in a colorful re-dedication ceremony in front of hundreds of guests.

The Royal Navy flagship HMS Ark Royal, which was axed as part of the defence review, set sail yesterday for a farewell tour. The aircraft carrier is to be retired three years early as part of cost-cutting measures announced by the British Government last month.

The Falkland Islands government said Wednesday in an official statement that it is satisfied and grateful for the levels of defence on the Islands.
The statement follows claims to the contrary from retired Royal Navy chiefs who argue the latest defence cuts make the Falkland Islands vulnerable to attack from Argentina.

The Cuban government is proposing the orderly elimination of the rations’ card according to a document prepared for the ruling party Communist Congress scheduled for April 2011.

As world leaders prepare to debate international trade imbalances this week, China announced Wednesday that its trade surplus surged last month to a staggering 27.2 billion US dollars, a 61% increase over the 16.9 billion surplus in September.

A group of former Royal Navy admirals have called for the decision to scrap the aircraft carrier Ark Royal and the fleet of Harrier jets to be reversed. The cuts were announced as part of the government's Strategic Defence Review.

Under the motto “let’s go for more” Argentina’s gay and lesbian community is campaigning for a “gender identity” law to enable individuals to change their gender on birth certificates and identity cards.

The Falkland Islands dispute must not get in the way of Britain boosting its relations with Latin America, Foreign Secretary William Hague said Tuesday. London has neglected its ties with the region for too long and Britain must re-launch its relations with Latin America as its importance on the global stage grows, Hague said.