USA - The 2007 West Point Combating Terrorism Center (CTC) report examining the demographics of foreign fighters caught in Iraq fighting US troops has been cited by alarmed analysts as proof that the current NATO-backed rebellion in Libya is literally handing an entire nation over to Al Qaeda linked terrorists, namely those of the Libyan Islamic Fighting Group (LIFG) listed by both the US State Department and UK Home Office as a foreign terrorist organization.
EUROPE - When the euro zone was created, it was widely accepted that the combination of integrated monetary and independent financial political scenery was an explosive mixture. Consolidation of budgets of all of Member States of the euro zone was seen as a form of political integration and one step before the creation of a United States of Europe.
GERMANY - A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout. The comments, by the deputy parliamentary leader of Merkel's Christian Democrats (CDU) Michael Fuchs, are a sign that frustration with Greece among ruling party lawmakers is nearing the breaking point.
USA - With the state's heat wave expected to continue through the week, the California Independent System Operator has once again issued a flex alert, a call for customers to conserve power to avoid outages.
ISRAEL - For Israel to carry out a long-threatened strike on Iranian nuclear sites, it would have to overcome dissent within its governing coalition reflecting public fear of igniting an unprecedented missile war.
CHINA - China on Tuesday promised to help major firms invest in impoverished neighbor North Korea, signaling strong support for the North's untried young leader just as he is believed to be planning reforms to his country's broken economy. Vice Commerce Minister Chen Jian, writing in Communist Party mouthpiece the People's Daily, said priority would be given to two economic zones China and North Korea set up just over a year ago and which would represent a rare major foray by isolated Pyongyang into international commerce.
UK - Many of Tuesday's newspapers continue to reflect on the success of the London 2012 Olympics, with more than a little sadness that it is at an end. For all of the papers, the departure of the athletes is a reminder that - in the words of the Daily Express - the party is well and truly over. The Daily Mail says the Olympics provided 17 days of joyously welcome distraction from our economic woes. But all good things must come to an end, says the Independent. It is, the Guardian sighs, BACK TO GRIM REALITY.
JAPAN - The reactors at crippled Fukushima nuclear power plant are not stable, says its former head. He urged for international expertise to be called in to make the site of one of world’s worst nuclear disasters safe. "People won't come back to Fukushima until the plant is stabilized and we still need to find a way to do that," Masao Yoshida said as cited by The Australian newspaper. "We have to bring people in from around the world. It will require people, technology and wisdom from all corners."
GERMANY - Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar's structure isn't in doubt. Banks, investors and companies are bracing themselves for the possibility that the euro will break up - and are thus increasing the likelihood that precisely this will happen.
INDIA - Armed with the latest monsoon rainfall data, weather experts finally conceded this month that India is facing a drought, confirming what millions of livestock farmers around the country had known for weeks.
ISRAEL - Israel on Sunday began testing an SMS system for warning the public of an imminent missile attack as chatter over a possible strike on Iran dominated the Israeli press headlines.
BRUSSELS, EUROPE - German foreign minister Guido Westerwelle on Sunday (12 August) became the latest in a line of politicians calling for a referendum on handing over more powers to Brussels as part of a new EU constitution.
LONDON, UK - Tony Blair has said he is 'deeply worried' that Britain will choose to leave the EU. The former British Prime Minister told a German newspaper that he was concerned that Britain would call for a referendum on the EU and that the country would choose to opt out.
UK - Five years into the Long Slump it almost seems as if we are back to square one. China is sufficiently alarmed by the flint hardness of its "soft-landing" to talk up trillions of fresh stimulus.
EGYPT - Egyptian President Mohammed Mursi has said his move to order the retirement of two of the country's top generals was for "the benefit of this nation". He was speaking after replacing the powerful head of the armed forces, Field Marshal Mohammed Hussein Tantawi, and the chief-of-staff, General Sami Annan.