BEIJING, CHINA - China took a modest step into Middle East diplomacy this week, hosting back-to-back visits from Mahmoud Abbas, the leader of the Palestinian Authority, and Prime Minister Benjamin Netanyahu of Israel.
BERLIN, GERMANY - Europe inched closer Wednesday to establishing a European banking union for the Continent’s largest lenders after the German cabinet approved legislation that would grant to the European Central Bank oversight of such institutions.
TEMPLE MOUNT, JERUSALEM, ISRAEL - The United States on Wednesday called for both Israel and the Palestinian Authority to exercise restraint amid tensions over a disturbance at the Al-Aqsa mosque compound in Jerusalem.
WASHINGTON, USA - It was an attitude problem, Air Force commanders insisted, not a matter of competence. And besides, they contended, security was never at risk in spite of what one commander called "rot" in the crew force.
USA - The Benghazi scandal is unquestionably the lowest point of American foreign policy in the last 50 years. It sends a message to all foreign service workers that their government will no longer rescue them when experiencing hostile situations; this flies in the face of historical military coda where all available resources are brought to bear to rescue and protect the wounded, trapped or endangered.
USA - An international protest planned for later this month against biotechnology company Monsanto is slated to span six continents and include demonstrations in dozens of countries around the globe.
GREECE - Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country's crippling recession after years of austerity under its international bailout. Greece's jobless rate has almost tripled since the country's debt crisis emerged in 2009 and was more than twice the euro zone's average unemployment reading of 12.1 percent in March. While the overall unemployment rate rose to 27 per cent, according to statistics service data released on Thursday, joblessness among those aged between 15 and 24 jumped to 64.2 percent in February from 59.3 percent in January.
EUROPE - The eurozone's financial sector will “drown” in “self-defeating” regulation, which will eventually “destroy” the healthy banks, as the single-currency bloc breaks apart, says the boss of Denmark’s Saxo Bank.
USA - The Benghazi scandal could be the final “hinge point” that brings down the Obama administration, former UN Ambassador John R Bolton said. “This could be the hinge point,” he said to Newsmax. “It’s that serious for them.”
USA - The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate.
EUROPE - Europe is gearing up for a fresh trade war with China with plans to impose a levy on billions of pounds worth of imports of cheap solar panels.
GERMANY - The number of employees at German security firms with ties to neo-Nazis is on the rise, posing a risk to public safety. For the time being, background checks on applicants in the sector are woefully inadequate. But calls for tighter controls are getting louder. Uniforms, male camaraderie and the opportunity to wield power tend to exert a magical pull on neo-Nazis and other far-right extremists. Moreover, it is all too easy to get hired in a sector which is in fact a highly sensitive one.
MIDDLE EAST - Growing security risks in the Middle East are giving oil companies the jitters. French supermajor Total said recently that it was spending more on security since the January attack on the In Amenas gas facility in Algeria.
BRUSSELS, EUROPE - The president of the European Commission has fanned the flames of British debate over EU membership by insisting that fiscal union in the eurozone will lead to "intensified political union" for all 27 member states.
MIDDLE EAST - Christians are being displaced from one end of the Islamic world to the other. We are reliving the true history of how the Islamic world, much of which prior to the Islamic conquests was almost entirely Christian, came into being.