USA - Some in the US intelligence community warn that ISIS may be working to build the capability to carry out mass casualty attacks, a significant departure from the terror group’s current focus on encouraging lone wolf attacks, a senior US intelligence official told CNN on Friday.
To date, the intelligence view has been that ISIS is focused on less ambitious attacks, involving one or a small group of attackers armed with simple weapons. In contrast, al Qaeda in the Arabian Peninsula, or AQAP, has been viewed as both more focused on — and more capable of — mass casualty attacks, such as plots on commercial aviation. Now the intelligence community is divided.
USA - Kraft no-cheese. A rather deathly pale, chemicalized product referred to as “food.” In their (Kraft) words: “A thin strip of the individual packaging film may remain adhered to the slice after the wrapper has been removed. If the film sticks to the slice and is not removed, it could potentially cause a choking hazard.”
FRANCE - Migrants are "threatening" staff near the Channel Tunnel near Calais as they attempt to break into Britain on a nightly basis, David Cameron has warned amid claims that one asylum seeker turned a gun on a Ukip MEP. Mike Hookem, a Ukip MEP, said he had been threatened with a handgun by a migrant as he visited a camp on the outskirts of Dunkirk. Mr Hookem said he and his group were making a film about the migrants' conditions and they had been invited to the camp to look around. But the "situation immediately turned nasty," he claimed, after one migrant appeared to point a gun at them and told them to leave the camp.
USA - While everyone was conveniently distracted by the epic clash of the Titans between Donald Trump and Megyn Kelly, the Bureau of Labor Statistics quietly released its monthly data on workforce participation. And it’s disastrous for our nation. You can say this much about the Obama economy, it consistently sets new records. All of them bad.
ISRAEL - The first openly gay British ambassador presented his credentials to President Reuven Rivlin during an official ceremony in Jerusalem last week. David Quarrey introduced his spouse, Aldo Oliver Henriquez, to Rivlin during the event at the President’s Residence.
EUROPE - Slovakian PM says not "one cent" of taxpayer money will pay for Greek debt write-off as creditors reportedly agree on fiscal targets with Athens. Eurozone creditor governments raised fresh concerns about the viability of a new Greek rescue package on Monday despite hopes from Athens that an agreement to unlock vital rescue funds was inching ever closer.
GERMANY - The Greek debt crisis has saved the German government some €100 billion (£70 billion; $109 billion) in lower borrowing costs because investors have sought safety in German bonds, a study has found. Even if Greece defaults on all its debt, Germany would still benefit, says the German IWH institute. Greece is hoping to reach a third bailout agreement, worth up to €86 billion, with its creditors this week. Germany has funded €90 billion so far and wants tough conditions for a new deal. Even if the situation were to calm down suddenly, Germany would still be expected to profit from the situation, the IWH argues, because medium- and long-term bonds issued in recent years are still far away from maturing.
EUROPE - Few of the people sitting around the table at the countless and interminable Eurogroup meetings during which Greece faced off against the rest of the eurozone can have been as conflicted as Harris Georgiades, the Cypriot finance minister.
UK - Emboldened by Tony Blair's disastrous Human Rights Act, the judiciary is claiming for itself the power to rewrite Parliament's laws. Many people must have been astonished to read in The Telegraph that the Court of Appeal has power to override the wishes of a deceased lady, Melita Jackson, about how her estate should be disposed of. There was no suggestion that the will was not properly drafted, nor that Mrs Jackson was not mentally competent when it was written, nor that it did not clearly set out her wishes.
USA - A rise in the number of US citizens in work in July could be strong enough to encourage the Federal Reserve to raise its interest rates in September, economists said on Friday. The US economy added 215,000 jobs in July, according to the closely followed monthly non-farm payrolls report, which has assumed great significance as the central bank moves towards rate hikes. While the gains were slightly weaker than expected, analysts said that job gains in excess of 200,000 in both July and August should be enough to prompt the Fed to raise its rates in September.
VATICAN - The atomic bombing of Hiroshima and Nagasaki 70 years ago is ‘a permanent warning to humanity’ to reject war and ban weapons of mass destruction, Pope Francis said. “Seventy years ago, on the sixth and the ninth of August 1945, the terrible atomic bomb attacks on Hiroshima and Nagasaki took place. Even after so many years, this tragic event still arouses horror and revulsion,” he told the faithful in his weekly Angelus address at St Peter’s Square. The Pope said that the attacks are a symbol of the “enormous power of humanity” when people misuse scientific and technical progress. On August 6 and August 9 1945, the USA dropped atomic bombs on the Japanese cities of Hiroshima and Nagasaki respectively. These attacks killed almost 250,000 people, with many of them dying from radiation sickness months, and even years after the bombing.
USA - “If the federal government will not intercede in our affairs, then we must rise up and kill those who kill us. Stalk them and kill them. Let them feel the pain of death that we are feeling.” – Louis Farrakhan speech at Mount Zion Baptist Church in Miami on July 30, 2015
GERMANY - The German establishment is sending mixed signals in reaction to the announcement of an unofficial plebiscite on Catalonia's secession from Spain. Catalan Prime Minister Artur Mas has declared the September 27 regional elections a de facto plebiscite on the region's secession. Should his alliance secure the absolute majority, he will proclaim independence from Spain within 8 months.
CHINA - Four of the five largest banks in the world are Chinese, according to SNL Financial’s latest global bank rankings. It’s a big change from the past few years when only two Chinese banks made the top five. Beijing-based Industrial & Commercial Bank of China holds the top spot with assets valued at $3.5 trillion. That means the bank is worth more than the entire value of the British economy. The only non-Chinese bank remaining in the top five is HSBC, which is headquartered in London. It fell several spots to position Number 4 this year.
CHINA - China devalued the yuan by the most in two decades, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.