FUKUSHIMA, JAPAN - Tons of contaminated groundwater from the stricken Fukushima nuclear plant have overwhelmed an underground barrier and are emptying daily into the Pacific, creating what a top regulator has called a crisis. The water contains strontium and cesium.
IRAN - On Saturday, Rouhani received the full endorsement of Ayatollah Ali Khamenei, the nation’s so-called “Supreme Leader,” amidst calls by top Iranian and Shia leaders to destroy the State of Israel, Reuters reported.
IRAN - If you saw any of the coverage of the inauguration of new Iranian President Hassan Rouhani, you know the media is calling him a "moderate." Is he? And does his rise to power mean Iran is likely to abandon its nuclear ambitions?
EUROPE - The European Commission wants to change the rules for marking the origin of a product. This is to help consumers. The German economy feared that destroyed their main label [this is a Google translation of a Die Welt article].
UK - Tensions between Britain and Spain over the future of Gibraltar heightened yesterday. With the UK understood to be preparing to take Spain to the European Court of Justice, David Cameron had an early morning phone conversation with his Spanish counterpart Mariano Rajoy.
SAUDI ARABIA - The diplomatic initiatives were anonymously voiced to Reuters by multiple Gulf state diplomats and senior leaders of the Syrian opposition, in the wake of last week’s meeting in Moscow between Russian President Vladimir Putin and Saudi National Security Council chief Prince Bandar bin-Sultan.
EGYPT - Egypt's political crisis entered a tense phase on Wednesday after international mediation efforts collapsed and the army-installed government repeated its threat to take action against supporters of deposed President Mohamed Mursi.
EUROPE - August is traditionally Europe’s holiday month, with many government officials taking several weeks off. In the process, important initiatives are put on hold until the “great return” at the beginning of September.
WASHINGTON, USA - Already faltering, President Barack Obama's five-year effort to reboot US- Russian relations finally crashed Wednesday, as the White House abruptly cancelled his planned face-to-face summit with Russia's Vladimir Putin.
EUROPE - The International Monetary Fund has exhorted Germany to stop dragging its feet on eurozone crisis measures, refuting claims that austerity is working and that Europe is on the road to recovery.
GREECE - Speaking to Bloomberg yesterday, Greek Finance Minister Yannis Stournaras said that, “The understanding is that if Greece satisfies all the preconditions then our partners will agree to cover the financing gap, so this is not a great concern to us”. Separately, outstanding taxes owed to the Greek state increased by €3.7 billion this year, reaching €59.8 billion at the end of June.
USA - Even though the United States has the highest incarceration rate and the largest total prison population in the world by a very wide margin, hundreds of communities all over America are being overwhelmed by crime and violence.
USA - The Pentagon is looking to bolster its military options for Syria's civil war by sending $2.7 billion in weapons to Iraq, despite the country being on the verge of civil war.
USA - Score one for the techno-optimists. Dutch researchers, funded by Google gazillionaire Sergey Brin, have managed to move lab meat from the test tube to a taste test — a high-profile one in London. Two intrepid critics, a food scientist and the author of a book on food's techy future, found it, well, almost meat-like.
DETROIT, USA - The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally.