
Aluminium Corp. of China, or Chinalco, confirmed Friday that Australian mining firm Rio Tinto has scrapped the proposed 19.5 billion US dollars of investment by Chinalco, and Rio Tinto would pay a break fee of 195 million U.S. dollars to the Chinese aluminium maker.

The Australian government reassured China on Saturday that miner Rio Tinto's decision to walk away from a 19.5 billion US dollars by investment by Beijing was not a political move.

British Prime Minister Gordon Brown unveiled Friday a reshuffled cabinet and vowed to fight on with his resilient team to rescue the economy and clean up politics. He admitted Labour had suffered a painful defeat in Thursday's polls but added: I will not waver. I will not walk away. I will get on with the job. And he unveiled Glenys Kinnock as Europe minister in a surprise move.

The mystery surrounding the crash of an Air France plane off the coast of Brazil deepened after Brazilian officials said items they had pulled from the sea were not in fact debris from the downed Airbus.

Headlines: ‘A step back for the West’ - SAAS is forced to drop Fox Bay from its schedule; Will Falklands Landholdings split up its farms?; Shackleton joins Ross and Fitzroy at school; Islander abroad honoured.

The head of Cuba's central bank Francisco Soberón has resigned after holding the job for fifteen years. He was replaced by Ernesto Medina who heads Banco Financiero Internacional, one of Cuba's biggest banks, according to an official announcement read on Thursday evening news.

British Prime Minister Gordon Brown has been put under further pressure to step down as Work and Pensions Secretary James Purnell dramatically announced he was quitting the Cabinet as polls closed in crunch elections.

The diplomatic spat to which Uruguay is being exposed by Argentina over the Botnia pulp mill conflict is not exclusive or an isolated case, it was revealed during a recent meeting of Uruguayan ambassadors that returned to Montevideo to address trade issues.

The United States government said it was satisfied with the resolution which revoked OAS sanctions on Cuba, but warned that it’s “not contemplating” for the moment talking about an end on the half century embargo on the Havana regime.

Cuban National Assembly president Ricardo Alarcón said on Thursday that the decision of the Organization of American States (OAS) to lift Cuba's exclusion is a great victory for Latinamerica and the island, although he reiterated that the Castro regime will not return to the institution.