STRASBOURG, FRANCE - Here is a statement from the European Centre for Law and Justice regarding a decision on religious freedom made Tuesday by the European Court of Human Rights.
USA - For several years now there has been a dramatic loss of bees in Europe and North America. As many as 50% to 90% of the bee populations have simply vanished. This is a big deal. Bees are a keystone species – they are vital to the food chain on our planet. An international study of 115 food crops grown in over 200 countries showed that 75% of crops are pollinated by animals, especially by bees.
EUROPE - European taxpayers face having to bankroll a new wave of bailouts amid growing funding problems at state-backed borrowers across the region, according to senior bankers. Financiers are becoming increasingly concerned that many taxpayer-backed borrowers are losing their ability to access private funding markets.
EGYPT - In the year since its revolution, Egypt’s Islamist politicians have presented themselves as moderates who can be friends with the West and tolerate non-Muslims at home. But before the country’s first free presidential election on Wednesday, the two main Islamist candidates have moved to the right, attacking western decadence, threatening the country’s alcohol industry and demanding closer implementation of Sharia law.
VATICAN - The Vatican is threatening to take legal action against those responsible for publishing a new book of leaked internal documents. The book sheds light on power struggles and corruption inside the Holy See and the thinking of its embattled top banker.
JERUSALEM, ISRAEL - Palestinian cleric calls on Palestinians to be present on Temple Mount should Jews 'infiltrate' during annual Jerusalem march. A leading Palestinian Muslim cleric has called on Palestinians to "be alert for possible infiltration of fanatic Jews" onto Jeruslaem's Temple Mount during Jerusalem Day celebrations on Sunday, Palestinian News and Information Agency (WAFA) reported on Saturday, despite a rerouting of the parade by police to avoid Muslim-majority areas.
UK/EUROPE - New French president Francois Hollande will deliver seven snubs to David Cameron today after the Prime Minister publicly backed his opponent Nicolas Sarkozy. Mr Hollande will open up splits with Britain in key policy areas when the two leaders hold their first face-to-face meeting.
PAKISTAN - Pakistan will yet again test a ballistic missile by the end of the month, heating up the burgeoning arms race on the Indian subcontinent. This is the third missile test to be conducted by the Pakistani Armed Forces in recent times.
RALEIGH, NORTH CAROLINA, USA - Tropical Storm Alberto swirled off the South Carolina coast packing maximum sustained winds of 50 mph (85 kph) on Sunday, a day after becoming THE FIRST TROPICAL STORM OF THE 2012 HURRICANE SEASON, the National Hurricane Center said.
ITALY - An earthquake in northern Italy has killed at least three people and caused thousands of others to flee into the streets, officials say. The 5.9-magnitude quake struck in the middle of the night, about 35km (22 miles) north of the city of Bologna.
UK - One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost - and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so.
UK - Banks led the way as shares slumped amid panic across Europe over a possible break-up of the single currency. Lloyds Banking Group, Royal Bank of Scotland and Barclays fell sharply on worries over their exposure to rivals across the eurozone.
UK/GREECE - A British company that produces bank notes for more than 150 countries is preparing for a potential reintroduction of the drachma, it emerged today. De Le Rue, which prints sterling and euros has asked its production staff to select potential security threads for use in new banknotes and retrieved covers from old cooper moulds, used for watermarks, should Greece exit the euro.
EUROPE - The uncertainty over the future of the euro and the accompanying recession in parts of Europe could not have come at a worse time for the struggling UK economy. Estimates of how much of Britain’s global trade is with the eurozone vary. It is somewhere between 40 per cent and 50 per cent, perhaps higher.
CAMP DAVID, USA - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.