USA - Two months ago, James Lovelock, the godfather of global warming, gave a startling interview to msnbc.com in which he acknowledged he had been unduly “alarmist” about climate change. The implications were extraordinary.
BRAZIL - The UN sustainable development summit in Brazil has ended with world leaders adopting a political declaration hammered out a few days previously. Environment and development charities say the Rio+20 agreement is too weak to tackle social and environmental crises.
UK - Pork bans spark backlash from conservatives, farmers, who say traditional British way of life is being encroached upon in name of multiculturalism.
GERMANY - Germany is plotting a European power grab using the economic crisis as a smokescreen. A GROUP OF 10 EU FOREIGN MINISTERS and officials – none from Britain – has held talks in Berlin this week on EXPLOITING EUROZONE DEBT PROBLEMS TO CREATE A SUPERSTATE.
EUROPE - The leaders of Germany, France, Italy and Spain will try to find common ground in Rome on Friday to restore confidence in the euro zone ahead of a full EU summit next week, which Italy's prime minister called a defining moment.
GERMANY - Germany's highest court asked the country's president on Thursday to delay ratification of the permanent euro bailout fund, the European Stability Mechanism, and the fiscal pact into law next week. If he complies, the move could delay the implementation of the ESM by several weeks in the latest setback for Chancellor Angela Merkel.
ITALY - Italy's prime minister, Mario Monti, has warned of the apocalyptic consequences of failure at next week's summit of EU leaders, outlining a potential death spiral that could threaten the political and economic future of Europe.
UK - Natwest customers unable to get their hands on their wages are struggling to eat. Natwest customers continue to face problems as the technical glitch shows no sign of being fixed.
GREECE - Starving Greeks queued around the block for free food handouts yesterday as the country's politicians managed to end a crippling stalemate to form a coalition government. Young children as well as the elderly waited in line in Athens to collect the parcels of fruit and vegetables donated by farmers from Crete to help ease the devastating austerity faced by many Greeks.
GREECE - Greece's new government has been sounding strangely like its defeated anti-austerity opponents since it came to power this week on a pledge to remain in the euro zone and uphold its commitments to foreign creditors.
USA - Fast and furious hasn’t been discussed a lot in the mainstream media, which is why the facts can seem so preposterous when you read them for the first time. But the story is slowly unraveling and the public is catching up with the madness.
USA - Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.
CHINA - China’s mainland is the new battle ground for global banks. Goldman’s new vice chairman Mark Schwartz is set to be based in Beijing, and others will follow. Mainland exchanges account for the majority of this year’s initial public offerings in Asia. The challenge for global banks will be finding their niche, and adequate talent.
NETHERLANDS - The H5N1 bird flu virus could change into a form able to spread rapidly between humans, scientists have warned. Researchers have identified five genetic changes that could allow the virus to start a deadly pandemic.
COLLEGE STATION, TEXAS, USA – Texas Forest Service was presented last week with the Pulaski Award, a national honor for outstanding service in wildland firefighting.