USA - President Barack Obama has urged congressional leaders to reach a "fair compromise" over the next few days to avoid a US default, and attacked a new Republican plan to increase the country's borrowing authority in two steps as "no way to run the greatest country on earth".
EUROPE - The EU, born out of idealism 60 years ago, is now a byword for waste, financial chaos and unaccountability. With British attention distracted by the phone-hacking scandal, this week the European political elite hurled another 96 billion pounds at the ailing Greek economy, desperate to stave off a financial meltdown that could plunge the entire European project into disaster.
WASHINGTON, USA - A review of Anders Behring Breivik's 1,500-page manifesto shows the media's quick characterization of the Norwegian terrorist as a "Christian" may be as incorrect as it was to call Oklahoma City bomber Timothy McVeigh one. Breivik was arrested over the weekend, charged with a pair of brutal attacks in and near Oslo, Norway, including a bombing in the capital city that killed 7 and a shooting spree at a youth political retreat on the island of Utoya that killed more than 80 victims.
UK - Coalition tensions over Britain's flagging economy were laid bare yesterday as Vince Cable warned that 'Right-wing nutters' were threatening a fresh financial meltdown. Official figures out tomorrow are expected to show Britain's economy stagnated in the second quarter of this year, with growth falling to as little as 0.2 per cent.
EUROPE - They never wavered in their faith that EU states would yield sovereignty to save the euro if push came to shove, that monetary union would force the pace towards joint EU government. So it proves to be, for now. But let us not forget that Europe's ideologues have achieved this only by pushing the world to the brink of catastrophe and holding parliaments to ransom with their great gamble, just as the West's financial elites held parliaments to ransom in the banking crash of October 2008.
USA - Ratings agency Moody's cut Greece's sovereign debt by three notches on Monday to 'Ca', just one notch above default, saying the new bailout set a negative precedent for creditors of other debt-burdened countries. Euro zone leaders agreed last week to offer Greece debt relief through a new rescue package of easier loan terms, with private creditors shouldering part of the burden via a debt exchange.
USA - Renowned astrophysicist Carl Sagan once described a "baloney detection kit" - a set of tools that skeptical thinkers use to investigate any new concept. A few of the key tools include a healthy distrust of information that isn't independently verified, critically assessing an idea rather than becoming irrationally attached to it simply because it's intriguing, and a preference for simple explanations over wildly speculative ones.
USA - Gold rose to fresh record high on Monday as talks over lifting the debt ceiling appeared to be stalling just days before the August 2 deadline, raising the prospect of a debt default. Spot gold climbed as high as $1,622.49 an ounce versus Friday's high of $1,607.01 and the previous record of $1,609.51 before easing back to $1,614.66 by 0007 GMT, Reuters data showed.
EGYPT - Tensions between pro-democracy groups in Egypt and the ruling military council have risen sharply after weekend violence in which knife-wielding supporters of the council set on thousands of activists determined to march on the defence ministry.
USA - US stock index futures fell sharply on Sunday as failure so far by the government to strike a deal on the debt ceiling made the prospect of default - once considered an impossible outcome - more likely.
NORWAY - It is becoming clearer that Anders Behring Breivik, the 32-year-old suspect in Friday's attacks in Norway, held radical right-wing views. Police chief Sveinung Sponheim said his internet postings "suggest that he has some political traits directed toward the right, and anti-Muslim views".
OSLO, NORWAY - Norway mourned on Sunday 93 people killed in a shooting spree and car bombing by a Norwegian who saw his attacks as "atrocious, but necessary" to defeat liberal immigration policies and the spread of Islam. In his first comment via a lawyer since his arrest, Anders Behring Breivik, 32, said he wanted to explain himself at a court hearing on Monday about extending his custody.
USA - We're less than ten days away from a debt default by the US government. It's a story that has kept a remarkably low profile. The euro's own existential crisis is part of the explanation. Wall Street has collectively spent far more time thinking and worrying about how Greece and Ireland will repay their debts than how the deficit on its own doorstep will be made good.
USA - Talks between House Speaker John Boehner and President Obama to raise the debt ceiling in conjunction with sweeping spending cuts and tax and entitlement reform have broken down. There will be no "grand bargain" to deal with the debt crisis and raise the debt ceiling.
UK - Scientists have created more than 150 human-animal hybrid embryos in British laboratories. The hybrids have been produced secretively over the past three years by researchers looking into possible cures for a wide range of diseases. The revelation comes just a day after a committee of scientists warned of a nightmare 'Planet of the Apes' scenario in which work on human-animal creations goes too far.