
The whistleblower in a breakthrough tax fraud case against Swiss bank UBS AG has won a record-setting 104 million dollars reward from the US Internal Revenue Service, a handsome payout that could entice more informants to come forward.

Germany's Constitutional Court gave a green light for the country to ratify the Euro zone's new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund.

Argentine main opposition groups, parties and unions, have been rallying in an attempt to counter the alleged intentions of the Cristina Fernandez administration to sponsor a constitutional reform that would enable her to bid for a third consecutive presidential mandate in 2015.

Hosting the Olympics two years after staging the World Cup was always going to be a big task but the success of London 2012 has raised the bar even further, according to Brazil's deputy sports minister Luis Fernandes. With the Olympic flame now out in London, all eyes turn to the Brazilian powerhouse and the clock is already ticking for the 2016 Games.

Finally the Argentine Foreign Minister Hector Timerman family decided not to celebrate the marriage of their eldest daughter Jordana in Uruguay’s most exclusive resort but rather in Buenos Aires.

Plans to preserve the legacy of the Royal Navy's Invincible Class aircraft carriers have been outlined. HMS Invincible, HMS Illustrious and HMS Ark Royal came into service in the early 1980s and have spent the last thirty years protecting the UK's interests across the world.

Gazprom has Europe's natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant's offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU natural gas supplies.

The United States may lose its triple-A debt rating if next year's budget negotiations do not produce policies that over time decrease the country's debt, Moody's Investors Service said in an e-mailed statement on Tuesday.

Germany's Constitutional Court rejected on Tuesday an attempt to further delay a ruling on the European Stability Mechanism (ESM) and fiscal compact, which had previously been pushed back by months while the judges reviewed whether the German parliament is permitted under the constitution to ratify the treaties.

Plans for a Caribbean Cricket Tour by the Falkland Islands Cricket Team are well underway. The 15 strong team plans to travel to Belize, Barbados and Jamaica in November and December this year.