UK - Her wish for a morally great country shaped her political beliefs, says Charles Moore. Margaret Thatcher used to divide her education into three phases. In childhood, she said, at her father’s knee and in his Methodist church, she learnt the laws of God. As a scientist, she learnt the laws of nature. As a barrister, she learnt the laws of man.
UK - Baroness Thatcher’s death unleashed a wave of vitriol and hatred from the Left. The first of several planned ‘Thatcher death parties’ across the country began last night with more than 200 revellers gathering in Brixton, south London. They danced the conga, drank champagne and chanted: ‘Maggie, Maggie, Maggie – Dead, Dead, Dead.’
UK - David Cameron will this week begin his attempt to win over European leaders to his reform agenda for the EU, which will involve meetings with Mariano Rajoy, the Spanish Prime Minister, Francois Hollande, the French President, and finally Angela Merkel, the German Chancellor.
GERMANY - In an interview with the Sunday Telegraph, Bernd Lucke, the head of Germany’s new anti-euro Alternative für Deutschland party, argues that “the euro is not a currency under which the European project can prosper. There is a division of Europe now and this is going to become bigger in the future.”
CHINA - Many of China's top economists are livid at what they view as an effective currency devaluation by Japan and are calling on the People's Bank of China to retaliate by weakening the yuan to defend itself in what they see as a new currency war.
EUROPE - From the Cypriot crisis, four lessons should be learnt in my view to continue to build our future and give a meaning to the European project :
LJUBLJANA, SLOVENIA - Successive Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the euro zone debt crisis.
CHINA - China is moving towards a gold backed yuan that will be very powerful in the international arena. Recently Australia, which is already completely dependent on China, with 30% of its exports going there, is preparing direct convertibility between the yuan and the Australian dollar, meaning they will no longer use US dollar to finance bilateral trade. This means less US dollars are needed in its reserve currency role.
USA - When it comes to processed food, excessive amounts of sugar and hydrogenated fats is the rule rather than the exception. It is no secret anymore that there is a very distinct thread linking the increased consumption of such foods, coupled with relentless advertising campaigns and the epidemic proportions of diabetes and obesity in all age groups on a global scale.
USA - At a time when the Obama administration and the petroleum industry are advocating for expanding domestic oil production, it is worth pointing out that the nation’s largest refinery is not American owned.
UK - Former Prime Minister Baroness Thatcher has died "peacefully" at the age of 87 after suffering a stroke, her family has announced. Successor David Cameron called her a "great Briton" and the Queen spoke of her sadness at the death. Lady Thatcher was Conservative prime minister from 1979 to 1990. She was the first woman to hold the role.
USA - There are clear signs that China is losing patience with North Korea, America's former top diplomat in Asia has said. For several decades, China has been North Korea's closest ally, largest trade partner and primary source of aid.
UK - British Foreign Secretary William Hague has called for calm over the North Korean crisis. Despite the "paranoid rhetoric" from Pyongyang, it was important to remain "firm and united," he said, warning of the dangers of a "miscalculation" by North Korea. China's leader Xi Jinping said no country could be allowed to throw the region "into chaos for selfish gains". North Korea has made a series of direct threats against the US and South Korea.
SOUTH KOREA - First the US fanfared the placement of two F-22 Raptors in the Osan airbase of South Korea. Then it demonstratively launched a B-2 stealth bomber on a training mission over a South Korean gunnery range. Then it deployed an anti-ballistic missile defense system to Guam and positioned two guided-missile destroyers in the waters near Korea.
SOUTH KOREA - Contingency plans to evacuate more than 3,000 British nationals from South Korea have been drawn up by military leaders. Senior sources said Foreign Office ministers have seen the plans, as tensions in the Korean peninsula reach their highest pitch in five decades. Last night a former US government official put the seriousness of the North Korean threat for the Pentagon as eight out of 10, “where one is strategic patience and 10 is political freak out”. Britain has already sent a team of plain-clothes operators to South Korea from Joint Forces Headquarters in Northwood to make ground preparations for a mass evacuation.