
Uruguay's president Tabaré Vazquez decision to quit the Socialist Party sent shockwaves inside the ruling coalition. The news only became public this week although the letter was dated November 24 a day after the Socialist party rejected a presidential veto on a bill to decriminalize abortion.

French President Nicolas Sarkozy unveiled Thursday a stimulus plan worth more than 30 billion USD to fight the economic and financial downturn. The French plan is the latest of a series of proposals by various European governments to earmark massive amounts of money to help reinvigorate their moribund economies.

Valdivia in the Chilean Los Rios region will become the final resting place for the Chilean British-built submarine O'Brien which is to be converted into a nautical museum, reports the local press.

Argentina has denied it is suspending commercial ties with Iran worth a billion US dollars annually. The Argentine Jewish news agency and several Argentine newspapers earlier reported the suspension.

US pop star Madonna met with Argentina's president Cristina Fernandez de Kirchner and former guerrilla-held hostage Ingrid Betancourt on Tuesday at the presidential palace in Buenos Aires where she filmed Evita twelve years ago.

Next Monday 8th December 2008 the Falkland Islands commemorates the victory of the Naval engagements of 8th December 1914 on which day 6 British sailors lost their lives and a number of others died later from injuries received during the battle. 2,260 German sailors also lost their lives.

Republican Saxby Chambliss has won a run-off election in Georgia, denying Democrats the chance for a 60-seat supermajority in the US senate that would have enabled them to pass legislation virtually at will.Chambliss, the 65-year-old incumbent, defeated Democrat Jim Martin for the seat.

The British Government announced that Michael Foot, currently Chairman of the UK office of Promontory Financial Group, will lead the independent review of British offshore financial centres, mostly in Overseas Territories, anticipated at Pre-Budget Report 2008.

Britain's House of Commons Speaker Michael Martin said he regrets that police were allowed to search Conservative MP Damian Green's office without a warrant.
A parliamentary aide had allowed a raid - part of a government leaks inquiry - by signing a consent form, he added.

US President elect Barack Obama said Wednesday on naming New Mexico Governor Bill Richardson, --the only Latino so far who has been named to a cabinet post-- would be an unyielding advocate for American business and American jobs as Commerce Secretary