USA - US lawmakers and President Obama have until August 2 to find a compromise on raising the federal debt ceiling before the government goes into default. But talks have broken down between the White House and Congress, and Republican and Democratic proposals in Congress appear to be going nowhere. The IMF and some European leaders are calling on the US to get its act together.
CYPRUS - Fears of recession in Italy and the Germans' reluctance to back the EU's bail-out fund with real muscle have set off fresh eurozone tremors, pushing yields on Southern European bonds back to levels seen before last week's emergency summit.
CHINA - China has demanded that the United States stop spy plane flights near the Chinese coast, saying they have "severely harmed" trust between the two countries, state-run media reported Wednesday. The comments came after Taiwanese media reported two Chinese fighter jets attempted to scare off an American U2 reconnaissance plane that was collecting intelligence on China while flying along the Taiwan strait in late June.
USA - Top Republicans and Democrats worked behind the scenes on Wednesday on a compromise to avert a crippling US default even as they publicly pressed ahead with rival debt plans that have little chance of winning broad congressional approval.
NORWAY - A group of medieval knights created nine centuries ago to protect Christian pilgrims in the Holy Land are now being referenced by the self-confessed mass murderer of last week's terror attacks in Norway to "cloak the horror" of their own deeds, a medieval historian told FoxNews.com.
EUROPE - France was dragged into the global financial crisis last night with warnings it could be stripped of its top-notch credit rating without 'more efforts' to tackle its debts. The International Monetary Fund told Nicolas Sarkozy's government that further spending cuts were needed for the country to hit its budget targets in the face of weak economic growth.
UK - Islamic extremists have launched a poster campaign across the UK proclaiming areas where Sharia law enforcement zones have been set up. Communities have been bombarded with the posters, which read: 'You are entering a Sharia-controlled zone - Islamic rules enforced.'
UK - National anthems - must we hear more of them? National anthems are often dull and long-winded, but the second verse of God Save the Queen would delight even Formula One driver Lewis Hamilton.
USA - The switchboard at Congress almost crashed as Americans voiced their anger at the stalemate in Washington over raising the country's $14.3 trillion (8 trillion pounds) debt ceiling. The flood of calls came after President Barack Obama and John Boehner, the top Republican in Congress, used televised addresses to blame each other for the increasingly crippling impasse.
USA - Ten years after the attacks of September 11th, the brief moment of global solidarity that followed when we were "all Americans," in the words of Le Monde, seems as improbable as it is distant.
USA - A fresh round of US monetary easing may even do more harm than good for long-term investors as another flood of easy money into fast-growing emerging economies risks refueling oil and commodity price inflation, sapping consumption and growth.
EUROPE - Spanish activists, known as "the Indignants", have set off from Madrid on a long march to Brussels. They are protesting against what they see as governments bowing to financial markets and ignoring the needs of their own people in the economic crisis.
NORWAY - Andres Behring Breivik was a prolific blogger and visitor to online sites that reaffirmed his worldview. Breivik's taste in online conversation shows a compulsive interest in websites that see the modern world in terms of a "clash of civilizations," where Christian values are supposedly under siege in the face of an Islamic onslaught.
USA - A group of atheists has filed a lawsuit to stop the display of the World Trade Center cross at a memorial of the 9/11 terror attacks. The "government enshrinement of the cross was an impermissible mingling of church and state," the American Atheists say in a press statement.
USA - House Republicans do not have enough support to pass their debt-ceiling increase plan on their own, a top conservative said Tuesday as his party's leaders tried to cobble together a coalition of Republicans and Democrats to put the bill over the top. "There are not 218 Republicans in support of this plan," Representative Jim Jordan, an Ohio Republican who heads the powerful conservative caucus in the House, told reporters Tuesday morning.