GREECE - Christine Lagarde admits "it's very unlikely that we'll reach a comprehensive solution in the next days", as talks take Athens to the edge of default. The International Monetary Fund has hinted Greece could be forced out of the eurozone, as the country edges closer to judgment day with its foreign creditors.
VATICAN - In the third year of his pontificate, criticism is growing of Pope Francis. Members of the Vatican establishment are turning against him and he even shocks his own staff with his free thinking. Where does this enigmatic pope want to steer the Catholic Church?
USA - A quick look at the list of top political donors for 2014 reveals a striking fact: At least a third of the most generous 50 mega-givers were Jewish. In fact, contributions from Jewish billionaires and multi-millionaires dominated the top 10 spots on the list. Striking, yet unsurprising. Political activists have known for years that members of the Jewish community are over-represented in the field of political contributions. And now, with the 2016 election cycle beginning to warm up, these Jewish donors are on the minds of all prospective candidates.
FRANCE - France’s far-right National Front party has called for an in/out referendum on the EU at the same time as the UK holds its vote. Florian Philippot, an MEP and the party’s deputy head, wrote on Thursday (28 May) that president Francois Hollande should “follow the British example” and “follow the calendar outlined by our neighbours across The Channel”.
UK - I find it extremely perplexing that I have been the only one to report of the secret meeting in London. Kenneth Rogoff of Harvard University, and Willem Butler, the Chief Economist at Citigroup, will address the central banks to advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval.
USA - The US has called for an "immediate and lasting halt" to land reclamation in disputed areas of the South China Sea. US Defence Secretary Ashton Carter told the Shangri-La Dialogue in Singapore that China's actions in the area were "out of step" with international rules. China claims almost the whole of the South China Sea, resulting in overlapping claims with its neighbours. Chinese officials have described US remarks on the South China Sea as "groundless and not constructive". Other countries have accused China of illegally taking land to create artificial islands with facilities that could potentially be for military use.
SYRIA - Militants for the terrorist group this week seized huge phosphate mines depriving the Syrian regime of a desperately-needed revenue source. She said the latest development does put Syria - and the rule of brutal dictator Bashar Al-Assad - on the verge of disintegration.
UK - Scores of witches, fairies, goths and druids to say farewell to a former builder called Ian Wilson, who died of cancer aged 63. With his shaggy beard, long flowing cloak and even the obligatory staff, Eron the Wizard certainly looked the part.
USA - Treasury Secretary Jacob Lew says policymakers need to "double-down" and reach a deal that will secure Greece's future in eurozone. A Greek default and exit from the eurozone will open a Pandora's box in the single currency area that could spark a fresh crisis, the US Treasury Secretary has warned.
EUROPE - European creditors dashed hopes that Greece was finally nearing the end-stage of its bail-out negotiations, insisting both sides remained far apart on securing the embattled country’s future in the eurozone. Greek stock markets jumped after comments from prime minister Alexis Tsipras that the country was "close" to a deal, following reports the two sides had begun the process of drafting an agreement.
SPAIN - Tensions over the future course of eurozone integration have been laid bare as Spain has proposed a radical expansion of the European Central Bank's powers over member states. Ahead of a June summit of European leaders, Madrid has urged its fellow member states to expand the role of the ECB in order to curb dangerous "macroeconomic imbalances" building up in the currency union.
UK - Foreign Secretary warns Britons will vote for exit unless major concessions are made ahead of David Cameron's 48-hour tour of European capitals. Britain will vote to leave the European Union without major reforms to its membership, Philip Hammond has warned as he said the government will demand treaty change.
EUROPE - France has accused David Cameron of trying to "dismantle" the European Union and suggested it will block his plans to claw back powers from Brussels. Laurent Fabius, the French foreign minister, said that the referendum on Britain's membership of the EU is "very risky" and "quite dangerous". He said that Britain had "joined a football club" and cannot decide "in the middle of the match that they want to play rugby". Mr Cameron will on Friday travel to Germany where he will warn Angela Merkel, the German Chancellor, that Britain will vote to leave the EU unless it agrees to meet his demands. It follows reports that France and Germany have agreed a pact which will enable closer integration in Europe without treaty change, in a significant blow to Mr Cameron's plans.
USA - Presidents have always exercised emergency powers, but now thanks to dozens of new laws, regulations, court decisions and executive orders, Barack Obama is the most powerful president in all of US history. Of course the US Constitution does not actually give the president any special powers during a time of national emergency, but over time presidents have decided that they should be able to exercise such powers and the courts have generally agreed with them.
LATVIA - NATO is set to break a 1997 treaty it signed with Russia by establishing permanent forces in Latvia, as it piles in more troops to the Baltic States. Latvia's Cabinet of Ministers has approved a request to ensure a permanent NATO military presence in the country following a review of Latvia's NATO membership. Latvian Prime Minister, Laimota Straujuma, told the Baltic Times that government ministers were evaluating how plans proposed during the NATO Wales Summit in September 2014 to reverse the decline in military spending were progressing.