MIDDLE EAST - In the latest issue of its English-language magazine Dabiq, the Islamic State calls on Christians to abandon Christianity, arguing that Jesus himself was “a slave of Allah” who will “wage jihad” upon returning to earth.
GERMANY - A most unusual thing happened in Europe this week. In a rare climb down, Angela Merkel’s government decided not to push the European Commission to impose a punitive fine on Portugal and Spain for their persistent failure to comply with their budget deficit targets, leading one Eurogroup minister to declare that the euro zone’s Stability Pact is “dead.”
TURKEY - Ever since a shocked Europe rushed to sign a "refugee" deal with Turkey's Erdogan in March of this year, according to which it would pay the Turkish ruler €6 billion and offered Turks visa-free travel across the customs union just to contain the 2 million Syrian refugees inside its borders and prevent another mass migration exodus toward Germany, Erdogan knew he has the upper hand in all future negotiations with Europe.
FRANCE - French Prime Minister Manuel Valls says the country is to shut down mosques, cut foreign funding and police the content delivered in sermons in a massive crackdown on Islamic fundamentalism. The comments come following the murder of 86-year-old French Catholic priest Father Jacques Hamel who was killed on the altar during morning mass last Tuesday and three separate massacres in the country in just over a year.
TURKEY - The attempted coup in Turkey sent shockwaves around the world. Here was a Nato ally, thrown into chaos overnight. Marco Giannangeli in Istanbul uncovers how the power struggle has paved the way for a more extreme form of Islam to take hold.
EUROPE - Eurozone shares hit a two-week low today as investors dumped stocks in some of the European Union’s biggest banks and companies. Worst performer Commerzbank dived seven per cent, after the German bank warned its earnings would fall this year. And Credit Suisse and Deutsche Bank fell 4.7 percent and 2.9 percent respectively. The two firms are to be kicked off the eurozone's bluechip banking index STOXX 50 on August 8 amid poor share performance. The STOXX 600 was dragged down 0.8 per cent to its lowest level since July 19 amid disappointment from German retailer Metro and Chipmaker Infineon. Investors are fretting over the bank stocks amid low interest rates and continued fears over bad loans, which are predominantly weighing on Italy's financial sector.
FRANCE - No war in recent memory can compare to the meat grinder of World War I. Europe still bears the scars of the war, even almost a century later. The gruesome and terrifying type of warfare typical of the Great War had a lasting impact on those who witnessed and experienced it. It also created such carnage on the land where it was fought that some of those areas are still uninhabitable to this day.
POLAND - Pope Francis has warned young people that the world has no need of “couch potatoes” who take to a sofa to “escape to the world of video games”. The Pope made the warning during an address to more than a million people in Poland on Saturday night at World Youth Day, a festival dubbed the “Catholic Woodstock” that brought hundreds of thousands of young people from all over the world to the former communist country. “Dear young people, we did not come into the world to 'vegetate' ... We came for another reason: to leave a mark,” said the Pope. “The times we live in do not call for young 'couch potatoes' but for young people with shoes, or better, boots laced.” He warned of a “harmful and insidious paralysis” that comes from “confusing happiness with a sofa”.
USA - This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, the price of oil is crashing again, and that is really bad news for a US economy that is already mired in the worst “recovery” since 1949.
LIBYA - The United States has launched air strikes on Islamic State targets in Libya, the Pentagon said Monday. The strikes were requested by the Libyan government, Peter Cook, the Pentagon’s spokesman, said in a statement. The strikes targeted the city of Sirte, which has been under ISIS control since early 2015 and serves as the group’s stronghold in the country. Pro-Libyan government forces in recent months have attempted to dislodge ISIS fighters holed up in the city. The strikes were authorized by President Obama following the recommendation of Defense Secretary Ash Carter and General Joseph Dunford, the chairman of the Joint Chiefs of Staff. “These actions and those we have taken previously will help deny ISIL a safe haven in Libya from which it could attack the United States and our allies,” Cook said in the statement.
ITALY - Shares in Italian lender UniCredit were suspended this morning amid rising fears the country's banking crisis could tip Europe over the edge. Investors rushed to dump UniCredit stock after stress tests issued Friday prompted worries over the firm's stability in a downturn.
VATICAN - Pope Francis on Sunday said he won't label Islam as "terrorist" because that would be unfair and not true. Reporters aboard the papal plane flying him home after a pilgrimage to Poland, the day after extremists slit the throat of an elderly priest celebrating Mass in a French church, asked him why he never uses the world "Islam" to describe terrorism or other violence.
MIDDLE EAST - The terror group responsible for killing hundreds of thousands of people in attacks around the world say it is doubling efforts to wipe Christianity off the face of the earth. And they've targeted church leaders including Pope Francis, figures within the Greek Orthodox Church and Coptic Christians.
MALTA, EUROPE - There is not much to celebrate in Europe at the moment. Europe is sinking fast. As often happens in Malta, the media only reports those aspects of news that politicians want to hear while ignoring the most salient points.
TURKEY - Some 7,000 armed police in heavy vehicles surrounded the Incirlik air base used by NATO forces in Adana in what a Turkish minister called a “security check.” With no official explanation, speculations have arisen about a new coup attempt or VIP visit. Hurriyet reported earlier that Adana police had been tipped off about a new coup attempt, and forces were immediately alerted. The entrance to the base was closed off. Security forces armed with rifles and armored TOMA vehicles used by Turkish riot police could be seen at the site in photos taken by witnesses. Turkey’s minister for EU Affairs downplayed the situation in a Twitter post, saying a “security inspection” was carried out.