
Global economic growth in the coming two years is facing difficulties because of problems of recession in Japan and stagnation in the European economies and prospects for healthy growth are stuck in low gear, the Organization for Economic Cooperation and Development said on Tuesday.

France suspended indefinitely on Tuesday delivery of the first of two Mistral helicopter carrier warships to Russia, citing conflict in eastern Ukraine where the West accuses Moscow of fomenting separatism.

The Pacific Alliance (PA) and the Common Market of the South (Mercosur) combined represent more than 80% of regional foreign trade as well as population, and more than 90% of GDP and direct foreign investment flows, according to a new report by the Economic Commission for Latin America and the Caribbean (ECLAC).

Brazil’s state-run oil firm Petrobras said on Monday it had received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing. The SEC investigation is the latest in a multi-layered probe into Petrobras which is spreading beyond Brazil’s borders.

After refusing to apologize to Argentina over a much questioned Top Gear episode filmed in Argentina considered “offensive” by the government of President Cristina Fernandez, the BBC has taken the controversy to the next level, deciding to air the episode in the network’s prime-time Christmas slot.

President Barack Obama is considering two former Defense Department officials as successors to Secretary of Defense Chuck Hagel, administration officials said on Monday. Both are seasoned national security professionals whose credibility among members of both parties and Defense Department experience would be considered assets in managing the threat from the Islamic State, budget cuts and other challenges.

In a move likely to further inflame tensions with Israel’s Arab citizens, a divided Israeli Cabinet approved a bill to legally define the country as the nation-state of the Jewish people.

Mexico and Uruguay declared on Monday an end to a brief diplomatic spat over the Uruguayan president's description of Mexico as a kind of failed state. Mexico's government protested the remarks by Uruguayan President Jose Mujica over the weekend and said it would summon the country's ambassador for an explanation.

A world legal expert on the law of the sea is to be engaged by the Gibraltar Government to probe the concept of ‘innocent passage’ as a concept of international law. The concept is regularly cited in relation to Spanish warships and Guardia Civil vessels when they pass through British Gibraltar Territorial Waters, usually when they do not engage in any other activity.

To date (Monday) the Falkland Islands government has received no formal request for the exhumation and identification of the Argentine combatants buried at the Darwin Cemetery, was the reply from Gilbert House in Stanley to reports to that effect in The Independent, and in the Argentine media.