UK - Labour was one day away from handing Gibraltar to Spain in a deal kept hidden from residents of the Rock, it was revealed yesterday. Former Europe Minister Peter Hain’s memoirs disclosed details of secret talks with Spain.
IRAN - Iran’s supreme leader, Ayatollah Ali Khamenei, has held several secret meetings with his economic and military advisers in recent days to prepare for the possibility of war with the United States. Sources report the preparations are to include the execution of those Iranians who oppose the regime.
ISRAEL - Does Israeli Prime Minister Netanyahu think the West is taking decisive action to stop Iran from getting the Bomb, or does he think the West is fiddling while Tel Aviv runs the rising risk of burning? That’s the Big Question as tensions continue to mount in the epicenter this week. Iran is making new threats to close the Strait of Hormuz to oil shipments, just days after test-firing missiles over the Strait.
USA - Google is under fire for plans to collect data on individual users across all of its websites and merge the information into a single profile that can be used to alter the person's search results and target them with advertising and services.
GREECE - European Union officials have stepped up pressure on Greece and its creditor banks in a complex game of three-way brinkmanship, signalling that they will allow a Greek default to run its course unless both sides accept more pain.
USA - As cyberspace turns its attention to the SOPA and PIPA bills in the US, the Anti-Counterfeiting Trade Agreement, or ACTA, has been quietly signed or ratified by most of the developed world and is arguably the biggest threat to Internet freedom yet.
USA - Public outcry is growing in the US at emergency services’ seeming policy of standing by while houses burn down and people drown, if services have not been previously paid for. A spate of real-life incidents has sparked concern over what kind of society America is becoming.
VATICAN - According to Italian daily newspaper “Libero”, Pope Benedict XVI is thinking about leaving the papacy next April, when he will turn 85, according to journalist Antonio Socci. There is one front page news story that will certainly not go unnoticed: that is, that the Pope is thinking about resigning during the Spring of 2012.
GERMANY - Euro-zone finance ministers meeting in Brussels on Monday night finalized the treaty governing the permanent euro bailout fund, the ESM. The deal paves the way for the ESM to take effect in July, a year earlier than planned. German Finance Minister Schäuble also said that final agreement had been reached on tighter euro-zone budgetary rules.
JERUSALEM, ISRAEL - For the second time, the police have allowed uniformed IDF soldiers to ascend to the Temple Mount for a tour.
IRAN - The Iranian "rial" currency sank again Monday after the European Union slapped sanctions on oil imports, leaving the rial 80 percent below its level last month. Iran's semi-official Mehr news agency said that the Islamic Republic's central bank would peg the dollar at 14,200 rials even though it takes nearly twice as many rials to buy a dollar in the street. The rate in December was 10,700 rials to the dollar.
LONDON, UK - UK public debt has passed the 1 trillion pounds mark for the first time, as the Government borrowed nearly 14 billion pounds last month despite its continued austerity drive. Public sector net debt excluding financial interventions, such as bank bail-outs, rose to 1.004 trillion pounds in December, the highest since records began in 1993.
MIDDLE EAST - Britain, America and France delivered a pointed signal to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive waters of the Strait of Hormuz. This deployment defied explicit Iranian threats to close the waterway. It coincided with an escalation in the West's confrontation with Iran over the country's nuclear ambitions.
IRAN - The long-running standoff between Iran and the west over Tehran's nuclear programme has shifted into a more unpredictable phase after Europe decided to impose an oil embargo on the Islamic republic. The decision by EU foreign ministers at a meeting in Brussels raised the stakes dramatically in the war of wits between Iran and the west.
MIDDLE EAST - Tensions in the Gulf could reach a breaking point as a senior Iranian official said Iran would "definitely" close the Strait of Hormuz if an EU oil embargo disrupted the export of crude oil. Mohammad Kossari, deputy head of parliament's foreign affairs and national security committee, issued the warning in respone to a decision by the European Union on Monday to impose an oil embargo on Iran over the country's alleged nuclear weapons program.