VATICAN – This was a farewell, but without a funeral. The sight of a living Pope here in St Peter's Square taking his leave of the faithful reinforces the sense of the Catholic Church at an unprecedented moment in its extraordinary history.
VATICAN - Pope Benedict XVI's resignation on Thursday - the first by a Pope for more than 600 years - is forcing the Vatican to consider some unusual questions. Here are 10 answers.
ISRAEL - A day after a Hamas official called on terrorists to kidnap IDF soldiers in order to force Israel to release their fellow terrorists from Israeli prisons, another Hamas official called on PA Arabs on Tuesday to start an intifada (violent uprising). The official, Izzat al-Rishq, said in a statement he released, “Our Palestinian people will not abandon the intifada and the resistance, and they live their lives in constant conflict with the Israeli enemy.” He added that the Israeli "aggression" which, he claimed, consists of the ongoing violation of human rights of the “Palestinian people”, the “Judaization” of Jerusalem and “defilement” of the Al-Aqsa mosque brings PA Arabs to a state of daily confrontation with the Jewish residents of Judea and Samaria who, he claimed, are protected by the IDF.
IRAN - Iran is developing a second path to a nuclear weapons capability by operating a plant that could produce plutonium, satellite images show for the first time. The Telegraph can disclose details of activity at a heavily-guarded Iranian facility from which international inspectors have been barred for 18 months.
USA - Federal Reserve Chairman Ben S Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels. That sum is the difference between the value of securities in the Fed’s portfolio on December 31 and what they may fetch in three years, according to data compiled by MSCI Inc of New York for Bloomberg News. MSCI applied scenarios devised by the Fed itself for stress-testing the nation’s 19 largest banks.
USA - Guntersville (Alabama) Mayor Leigh Dollar is working with city officials to pass an ordinance that would give police the power to “disarm individuals” during a disaster, a chilling example of how the second amendment is being assaulted via the back door. The new rule would allow authorities to confiscate guns of “unruly” people during an extreme weather event such as the April 2011 tornadoes or any other emergency. The ordinance states officers could disarm individuals, if necessary, reports ABC 31. “Dollar says the proposal is just a way to give officers more authority to protect themselves.”
UK - While the British pound slides on the currency markets in reaction to a downgrade of the UK's triple-A credit rating, examination of its purchasing power shows it has had an even more dramatic decline over the last three decades. A survey by Lloyds TSB Private Banking shows that over the past 30 years the British pound’s value has fallen by almost two thirds. In other words one would need £299 today to have the equivalent spending power of £100 in 1982.
USA - The White House escalated a campaign on Monday to convince Americans dire consequences await if government spending cuts go ahead on March 1, warning of a slow down in global trade, a stalled fight against cancer and Alzheimer's disease and compromised security at US borders.
KAZAKHSTAN - A new round of talks between world powers and Iran over its controversial nuclear programme has opened in the Kazakh city of Almaty. The discussions are the first since talks in July 2012 ended without a breakthrough. Negotiators from Iran are meeting counterparts from the US, UK, France, China, Russia and Germany - the P5+1. International powers suspect Iran of seeking to develop nuclear weapons - a charge Iran strongly denies. Iran insists its purposes are purely civilian, asserting it needs enriched uranium to make medical isotopes.
ITALY - Italy faced political deadlock on Tuesday after a stunning election that saw the anti-establishment 5-Star Movement of comic Beppe Grillo become the strongest party in the country but left no group with a clear majority in parliament. "The 'non-party' has become the largest party in the country," said Massimo Giannini, commentator for the Rome newspaper La Repubblica. World financial markets reacted nervously to the prospect of a government stalemate in the euro zone's third-largest economy with memories still fresh of the financial crisis that took the 17-member currency bloc to the brink of collapse in 2011. A first indication of investors' reaction to the results will come later on Tuesday when the Treasury auctions 8.75 billion euros in 6-month bonds.
EUROPE - “Welcome back to the euro-zone crisis,” said Citigroup in a note to its clients early Tuesday, and it’s easy to see why. Italian government bonds are plunging in early European trading, with investors balking at the worst-of-all-possible-worlds result of the Italian elections. Early indicative prices show the yield on the country’s 10-year bonds has jumped by 0.42 percentage point – an enormous move for this market and the highest level since late November. These are easily the ugliest scenes in euro-zone government bond trading since European Central Bank President Mario Draghi pledged to support this market last summer.
ITALY - Amid the see-sawing results coming out of Rome on Monday, one thing was quickly very clear: against a backdrop of declining wages and pensions and a sharp rise in unemployment, a majority of Italians issued a clear basta to austerity. In the final weeks of his campaign Mario Monti, the country’s technocrat prime minister, tried to soften his austerity message, promising “reasonable” tax cuts and admitting that his policies, although necessary to restore market confidence in Italy, had exacerbated the recession. “The result is the absolute majority of Italians have voted against austerity measures, the euro and Europe,” said Enrico Letta, deputy leader of the Democrat party. “This sends a very clear signal to Brussels and Frankfurt.”
USA - What does Hollywood have against the British? Once again on Oscar night, Tinsel Town gave warmly to us with one hand — while cynically taking away with the other. Argo — the movie that won Best Film — is yet another piece of Hollywood’s Brit-bashing junk history that casts us in a poor light.
BERLIN, GERMANY - The new US secretary of state is visiting Berlin on Monday. He's promising grand things - and he has a soft spot for Europe. But John Kerry has little room for maneuver.
LONDON, UK - Mr Kerry refused to support next month’s referendum among the Falklanders on whether they want to remain British. The issue is thought to have been raised by Foreign Secretary William Hague after Mr Kerry held talks at Number 10 with David Cameron.