USA - Many ingredients went into making Donald Trump. An under-appreciated one is the distinctively German, or rather Kallstadtian, tinge to his family history. Mr Trump is descended from German immigrants who arrived in America penniless and succeeded quickly through hard work, a free relationship with the truth, opportunism, shrewd business tactics and a great sense of family loyalty.
EUROPE - The European Parliament could modify David Cameron's deal with the EU after Britain has voted on whether to stay in, it emerged today. Downing Street insisted the agreement, which the Prime Minister is trying to finalise this week, would be 'legally binding' and 'lodged at the United Nations'.
UK - The Prime Minister has agreed to hold a Cabinet meeting on Friday where he will lift "collective responsibility", allowing eurosceptic ministers to speak out after weeks of being forced to support the Government's position on Europe.
GERMANY - A new German plan to impose "haircuts" on holders of eurozone sovereign debt risks igniting an unstoppable European bond crisis and could force Italy and Spain to restore their own currencies, a top adviser to the German government has warned. “It is the fastest way to break up the eurozone,” said Professor Peter Bofinger, one of the five "Wise Men" on the German Council of Economic Advisers.
EUROPE - Europe is facing a convergence of the worst crises since World War II, and the overwhelming consensus among officials and experts here is that the US no longer has the will or the ability to play an influential role in solving them.
USA - Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone? With interest rates at record lows all over the world in recent years, investors that were starving for a decent return poured hundreds of billions of dollars into high yield debt (also known as junk bonds). This created a giant bubble, but at first everything seemed to be going fine. Defaults were very low and most investors were seeing a nice return.
USA - The seemingly quick conclusion that Supreme Court Justice Antonin Scalia died of “natural causes” is prompting calls for an autopsy and toxicological reports. William Gheen, president of the Americans for Legal Immigration political action committee, noted the media’s “rush” to proclaim Scalia’s death in a rented room in a resort in Texas as either “natural causes” or heart attack within hours of the discovery of his body Saturday morning.
SYRIA - Across the olive groves and wheat fields of the northern Syrian province of Aleppo, a battle with global dimensions risks erupting into a wider war. Russian warplanes are bombing from the sky. Iraqi and Lebanese militias aided by Iranian advisers are advancing on the ground.
RUSSIA - A new clash of world powers should be prevented at all costs, Russian Orthodox Church head Patriarch Kirill said in an exclusive interview with RT America’s Ed Schultz, stressing that both Russia and the US must do “everything possible” to improve relations.
SAUDI ARABIA - The Syrian civil war rages on after five years of intense fighting and has absorbed a wide variety of factions into the conflict, including the Kurds, Islamic State, the Syrian army, the United States and its allies, and Russia.
RUSSIA - On February 15 this year Russian President Vladimir Putin will keep good on his promise to ban all American corn and soybeans from being imported into Russia.
NEW ZEALAND - The quake - the largest in the city in four years - hit 15km east of the city at a depth of 15km at 1.13pm. It hit with such force cliff faces crumbled, items fell off shelves and walls and liquefaction started bubbling. It shook the ground, and it shook people's emotions - just eight days out from the five year anniversary of the February 22, 2011 quake which killed 185 people. There were 62 aftershocks from when the 5.7 quake struck and 10pm, including a magnitude 4.2 quake at 6.27pm. More are expected in the coming days, and the quake has increased the likelihood of larger ones in the future. Christchurch residents have been left wondering if the quakes will ever end.
GERMANY - Germany's close allies have torpedoed the agreement to halt combat in Syria, reached at the end of last week in Munich. Turkey has begun attacks on Syrian territory, with the objective of forcing Kurdish troops to withdraw from the airbase near Aleppo, which would be of benefit to the al Qaeda offshoot, Al Nusra, which had previously held the base.
UK - Foreign Secretary predicts a 'contagion' of other European countries could call for their own referendums if Britain left the EU. Europe could fall apart if Britain votes to leave the EU and would "lurch very much in the wrong direction", the Foreign Secretary has warned.
UK - A diplomatic row erupted between Britain and Germany last night after a senior ally of Angela Merkel was accused of threatening a trade war if Britain quits the EU. Prominent German MP Gunther Krichbaum said the UK ‘cannot survive’ on its own and raised the spectre of crippling trade tariffs on British exports should we vote to leave the union.