EUROPE - The ailing eurozone is on the brink of a double-dip recession as figures revealed that the 17-nation embattled economy shrank by 0.2 per cent. The UK's biggest trading partner suffered the decline in output as the debt crisis sweeping the continent escalated. Borrowing costs in struggling countries such as Spain and Italy remain high meaning the eurozone has failed to get on top of the debt crisis.
FRANCE - Seventeen police officers were injured in Monday's clashes with dozens of youths, some of whom used live rounds. Unrest in places like Amiens is often blamed on the widespread sense of alienation in these suburbs where youth unemployment can be as high as 40%. But local residents have blamed heavy-handed policing. President Francois Hollande has vowed to beef up security resources to combat the violence, saying public security was "not just a priority but an obligation". It sparked a debate about deprivation and social exclusion, but many analysts say little has changed for France's marginalised youth, many of whom are of North African origin.
CHINA - As growth slows, China's huge investment in infrastructure is looking ever harder to sustain, leaving a string of ambitious projects - towns, shopping malls and even a theme park - empty and forlorn. "We have spoken a lot about these ghost towns in Ireland and Spain recently but China is Ireland and Spain on steroids," says Kevin Doran, a senior investment fund manager at Brown Shipley in the UK.
UK - Terminally ill children are subjected to needless suffering amounting to “torture” by parents who refuse to allow the withdrawal of treatment because of their religious beliefs, leading doctors have claimed.
NEW ZEALAND - The source of an enormous floating mass of pumice spotted this week in the South Pacific Ocean off the coast of New Zealand has been discovered: NASA satellite images and other sleuthing scientists have pinpointed an erupting undersea volcano called the Havre Seamount as the culprit.
SAUDI ARABIA - Iranian President Mahmoud Ahmadinejad arrived on Monday in Saudi Arabia ahead of an extraordinary summit in Mecca expected to focus on the Syria conflict, on which Tehran and Riyadh have taken opposing sides.
JAPAN - Bitter memories and current rivalries are straining Japan's ties with China and South Korea nearly seven decades after Tokyo's defeat in World War Two, raising the risk of ruptures as all three nations head for leadership changes.
UNITED NATIONS - The Libyan Islamic Fighting Group (LIFG) currently arming, funding, and commanding entire brigades of the so-called “Free Syrian Army” (FSA), is designated an Al Qaeda affiliate by the United Nations pursuant to resolutions 1267 (1999) and 1989 (2011), in addition to being listed by both the US State Department and the UK Home Office as a foreign terrorist organization and a proscribed terrorist organization respectively.
USA - The 2007 West Point Combating Terrorism Center (CTC) report examining the demographics of foreign fighters caught in Iraq fighting US troops has been cited by alarmed analysts as proof that the current NATO-backed rebellion in Libya is literally handing an entire nation over to Al Qaeda linked terrorists, namely those of the Libyan Islamic Fighting Group (LIFG) listed by both the US State Department and UK Home Office as a foreign terrorist organization.
EUROPE - When the euro zone was created, it was widely accepted that the combination of integrated monetary and independent financial political scenery was an explosive mixture. Consolidation of budgets of all of Member States of the euro zone was seen as a form of political integration and one step before the creation of a United States of Europe.
GERMANY - A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout. The comments, by the deputy parliamentary leader of Merkel's Christian Democrats (CDU) Michael Fuchs, are a sign that frustration with Greece among ruling party lawmakers is nearing the breaking point.
USA - With the state's heat wave expected to continue through the week, the California Independent System Operator has once again issued a flex alert, a call for customers to conserve power to avoid outages.
ISRAEL - For Israel to carry out a long-threatened strike on Iranian nuclear sites, it would have to overcome dissent within its governing coalition reflecting public fear of igniting an unprecedented missile war.
CHINA - China on Tuesday promised to help major firms invest in impoverished neighbor North Korea, signaling strong support for the North's untried young leader just as he is believed to be planning reforms to his country's broken economy. Vice Commerce Minister Chen Jian, writing in Communist Party mouthpiece the People's Daily, said priority would be given to two economic zones China and North Korea set up just over a year ago and which would represent a rare major foray by isolated Pyongyang into international commerce.
UK - Many of Tuesday's newspapers continue to reflect on the success of the London 2012 Olympics, with more than a little sadness that it is at an end. For all of the papers, the departure of the athletes is a reminder that - in the words of the Daily Express - the party is well and truly over. The Daily Mail says the Olympics provided 17 days of joyously welcome distraction from our economic woes. But all good things must come to an end, says the Independent. It is, the Guardian sighs, BACK TO GRIM REALITY.