USA - Secretary of State John F Kerry on Tuesday delivered a firm counterpunch to a wave of antagonistic rhetoric and nuclear threats by North Korean leader Kim Jong-un, vowing that the US is prepared to “do what is necessary” to defend itself and its longtime allies South Korea and Japan. “The bottom line is very simply that what Kim Jong-un has been choosing to do is provocative. It is dangerous, reckless, and the United States will not accept [North Korea] as a nuclear state,” said Mr Kerry, who appeared at the State Department after private talks with South Korea’s foreign minister.
NORTH KOREA - North Korea has suspended access to the Kaesong industrial zone shared with the South – the latest move amid escalating tensions on the peninsula. South Korea’s defense minister warned that all options will be considered if worker safety is at risk.
GERMANY - Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together.
USA - The US economy is in a bubble inflated by “phony money” from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan.
CHINA - China has placed military forces on heightened alert in the northeastern part of the country as tensions mount on the Korean peninsula following recent threats by Pyongyang to attack, US officials said. Reports from the region reveal the Chinese People’s Liberation Army (PLA) recently increased its military posture in response to the heightened tensions, specifically North Korea’s declaration of a “state of war” and threats to conduct missile attacks against the United States and South Korea. According to the officials, the PLA has stepped up military mobilization in the border region with North Korea since mid-March, including troop movements and warplane activity.
UK - More than half of top executives at some of the world’s largest companies think their banks are still taking too many risks five years on from the financial crisis, according to a survey by Ernst & Young.
UK - Justin Welby has warned against "pinning hopes on individuals" to solve all of society's problems. In his first sermon as Archbishop of Canterbury, he warned against the "hero leader culture" or putting our trust in one person as this can lead to false hope. Archbishop Welby delivered his Easter Day sermon at Canterbury Cathedral. He said if we ignore "complexity and humanity" we end up "unreasonably disappointed" with everyone.
UK - Coutts, the high-end private bank, has warned its clients against exposing their fortunes to a potential collapse of the high-yield debt market amid growing concerns of a new global credit bubble. Senior managers at the private bank, whose customers include a "who’s who" of British society, are being discreetly advised to reduce their holdings of high-yield bonds, according to an internal warning seen by The Daily Telegraph. Sales of high-yield debt have exploded this year as investors chase returns in an environment of historically low interest rates and rising inflation. In both Europe and Asia, high-yield sales have reached all-time highs.
CANADA - The politicians of the western world are coming after your bank accounts. In fact, Cyprus-style “bail-ins” are actually proposed in the new Canadian government budget.
CYPRUS - Savers in Cyprus' largest bank face losing a far worse-than-expected 60 percent of their deposits over €100,000 as part of a €10 billion EU bail-out deal struck this week.
EUROPE - Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets.
LUXEMBOURG - The debate over this week's "bail in" of bank account holders in Cyprus as part of the country's debt crisis bailout is continuing to simmer in Europe.
VATICAN CITY - Pope Francis has won over many hearts and minds with his simple style and focus on serving the world's poorest, but he has devastated traditionalist Catholics who adored his predecessor, Benedict XVI, for restoring much of the traditional pomp to the papacy.
BOCA RATON, USA - The professor embroiled in a educational firestorm over his classroom practices has been placed on administrative leave.
NORTH KOREA - Analysis Charles Scanlon BBC News: Bluff has long played a fundamental role in North Korean strategy. The regime in Pyongyang needs its much more powerful neighbours and antagonists to take its threats seriously.