
I am honoured to hold Ministerial responsibility for the Falkland Islands, which has a very special place in the British consciousness and in British history. And next week I am finally able, for the first time, to come down to see the Islands and their people for myself. I could not be looking forward to it more.

Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.

The European Central Bank left interest rates at a record low at 0.25% on Thursday, but said it remained ready to act in the face of risks to the Euro zone economy, particularly turbulence in the emerging markets, and downplayed deflation.

The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.

The Argentine embassy in Montevideo through a Forum Malvinas Uruguay release totally rejected the decision from a group of Uruguayan lawmakers, representing all parties in parliament, accepting an invitation from the British embassy to visit the Falkland Islands.

The superficialities and inconsistencies of the last Justicialista governments (Presidents Carlos Menem, Nestor Kirchner and Cristina Fernandez) have facilitated the consolidation of British presence in the South Atlantic and this will continue unless the Argentine political system agrees on a state policy regarding the recovery of the Malvinas Islands.

Britain’s ambassador to Spain has expressed concern about continued queues at the border between Gibraltar and Spain. Speaking to reporters during a visit to the Canary Islands, Simon Manley said the queues were “curious” given Spain’s high unemployment and the fact that many Spanish workers were caught up in the delays.

UK interest rates have been kept unchanged at their record low of 0.5% by the Bank of England. The bank's Monetary Policy Committee, (MPC) also left the £375bn quantitative easing stimulus program unchanged. Analysts now hope that the Bank will use next week's inflation report to signal changes to its policy of forward guidance.

A Mercosur technical committee will be meeting next week in Venezuela to elaborate the group's final tariffs reduction proposal to exchange with the European Union as part of the ongoing, but long delayed, negotiations to reach an ambitious free trade agreement, according to Brazil's foreign minister Luiz Alberto Figuereido.

Oil giant BP boss Bob Dudley has warned there are big uncertainties for the company over the possibility of Scotland becoming independent. Mr Dudley told the BBC the question mark over which currency Scotland might adopt if there was a 'yes' vote in September's referendum was a concern.