JAPAN - The reactors at crippled Fukushima nuclear power plant are not stable, says its former head. He urged for international expertise to be called in to make the site of one of world’s worst nuclear disasters safe. "People won't come back to Fukushima until the plant is stabilized and we still need to find a way to do that," Masao Yoshida said as cited by The Australian newspaper. "We have to bring people in from around the world. It will require people, technology and wisdom from all corners."
GERMANY - Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar's structure isn't in doubt. Banks, investors and companies are bracing themselves for the possibility that the euro will break up - and are thus increasing the likelihood that precisely this will happen.
INDIA - Armed with the latest monsoon rainfall data, weather experts finally conceded this month that India is facing a drought, confirming what millions of livestock farmers around the country had known for weeks.
ISRAEL - Israel on Sunday began testing an SMS system for warning the public of an imminent missile attack as chatter over a possible strike on Iran dominated the Israeli press headlines.
BRUSSELS, EUROPE - German foreign minister Guido Westerwelle on Sunday (12 August) became the latest in a line of politicians calling for a referendum on handing over more powers to Brussels as part of a new EU constitution.
LONDON, UK - Tony Blair has said he is 'deeply worried' that Britain will choose to leave the EU. The former British Prime Minister told a German newspaper that he was concerned that Britain would call for a referendum on the EU and that the country would choose to opt out.
UK - Five years into the Long Slump it almost seems as if we are back to square one. China is sufficiently alarmed by the flint hardness of its "soft-landing" to talk up trillions of fresh stimulus.
EGYPT - Egyptian President Mohammed Mursi has said his move to order the retirement of two of the country's top generals was for "the benefit of this nation". He was speaking after replacing the powerful head of the armed forces, Field Marshal Mohammed Hussein Tantawi, and the chief-of-staff, General Sami Annan.
USA - Imagine Tea Party extremists seizing control of a South Carolina town and the Army being sent in to crush the rebellion. This farcical vision is now part of the discussion in professional military circles.
USA - The prolonged drought across much of the US has devastated crops and cattle herds. Among those affected is Karen Harrelson, an Arkansas cattle farmer who has been in the business for nearly 40 years. She's already had to sell 100 cows this summer. As a single woman working the lands on her own, Ms Harrelson says it can be a tough life. Now she worries that if it doesn't rain in the coming months she could lose more of her cattle - and take an even greater hit to her livelihood.
AUSTRALIA - Australia will transfer asylum seekers to remote Pacific islands for processing under tough new measures to stem surging numbers of boat people. Julia Gillard, the Australian prime minister, has signalled a tough new approach, including reopening processing centres on Nauru and Manus Island in Papua New Guinea. The decision marks a dramatic turnaround for the Labour government, which has long rejected the so-called “Pacific solution” adopted a decade ago by the former Liberal prime minister John Howard.
UK - Most voters do not believe the Coalition partnership will last until the next election, a new poll has found, amid mounting fears the agreement could collapse. Just 16 per cent of those polled expect it to last another three years, according to the ICM poll, after rows over Lords reform, changes to Parliamentary boundaries and Sunday trading. Only one voter in six believes the Coalition will survive until the 2015 election, with the proportion expecting a collapse within two years nearly doubled in just a fortnight.
INDIA - Armed with the latest monsoon rainfall data, weather experts finally conceded this month that India is facing a drought, confirming what millions of livestock farmers around the country had known for weeks. For over three months, even state agencies have been providing free fodder to those most vulnerable to a shortfall in India's annual monsoon - farmers who eke a living out of small landholdings and the milk provided by cattle. India is heavily dependent on the capricious annual monsoon, which brings about 75 percent of the rainfall that the country receives, to irrigate crops and fill its reservoirs.
EUROPE - Germany and the UK are the most likely to have opposing views on EU legislation, while France and Lithuania are in perfect voting harmony, an analysis of member state voting shows. Of the 343 voted-on pieces of legislation between July 2009 and June 2012, the most votes were taken on laws to do with economic and monetary affairs - an area that has seen a surge in legislation since the financial crisis kicked off - followed by environment and transport.
USA - The Cornucopia Institute, a not-for-profit policy research organization based in Wisconsin, filed a formal legal complaint with the United States Department of Agriculture (USDA) against several infant formula manufacturers that are adding two synthetic preservatives to certified organic infant formula. The Organic Foods Production Act, passed by Congress in 1990, explicitly bans synthetic preservatives in organic food. “This is another blatant violation of the federal law governing organics by multi-billion dollar corporations that apparently think they can get away with anything,” says Charlotte Vallaeys, Director of Farm and Food Policy at The Cornucopia Institute.