USA - Goldman Sachs made billions of dollars at the expense of its clients during the collapse of the housing market, a US Senate investigation has found. The investigation - which obtained Goldman emails - said bank executives had misled investors over mortgage-related investments that turned sour.
VATICAN - The Pope's visit to Britain has been plunged into jeopardy by 'dark forces' within the Foreign Office, Vatican officials declared yesterday. They were furious at a 'seriously offensive' memo by Whitehall officials containing suggestions of what Benedict XVI might do during the trip - including opening an abortion clinic.
WASHINGTON, USA - Rich countries may not be able to resharpen their crisis-fighting tools fast enough to get them ready for the next downturn, leaving them increasingly reliant on cash-rich emerging powerhouses to ensure stability. Before the latest upheaval struck, advanced economies had enjoyed a relatively peaceful stretch dating back to the early 1990s. Aside from the 2001 recession, which proved to be mild, the financial trauma was largely centered in emerging markets.
USA - President Barack Obama launches a new effort on Monday to build business and social ties to the Muslim world, but analysts say the need for progress on big issues like Middle East peace will overshadow the initiative.
USA - Palestinian President Mahmoud Abbas has accepted an invitation to visit the White House for a meeting with President Obama, senior Palestinian officials told Fox News.
TAIPEI, TAIWAN - A 6.5 magnitude earthquake struck off the southeast coast of Taiwan on Monday, the US Geological Survey said. The quake swayed buildings in the capital, but there were no immediate reports of casualties or damage and no tsunami alert was issued.
USA - US President Barack Obama and the Democratic party face a grassroots rebellion in mid-term Congressional elections this November, according to a new study by the Pew Research Center for the People and the Press. Popular dissatisfaction with government interference and Big Brother is at record highs, and a growing number of Americans distrust politicians.
UK - The Mail on Sunday can today reveal the full extent of the shambles behind the great airspace shutdown that cost the airlines 1.3 billion pounds and left 150,000 Britons stranded - all for a supposed volcanic ash cloud that for most of the five-day flights ban was so thin it was invisible.
USA - Noted commentator, Noam Chomsky highlights that disenchantment with the government and politicians has grown to unprecedented levels in recent times according to research. There is growing anger, uncertainty, pessimism and distrust in Washington, and the fruit of popular frustration is being harvested by rightists.
UK - The aliens are out there and Earth had better watch out, at least according to Stephen Hawking. He has suggested that extraterrestrials are almost certain to exist - but that instead of seeking them out, humanity should be doing all it that can to avoid any contact.
YAZOO CITY, MISSISSIPPI, USA - Mississippi official say the death toll has risen to nine from a devastating tornado that flattened homes and businesses in the state. More than a dozen others have been injured.
UK - A petition protesting against Pope Benedict XVI's visit to Britain later this year is to be handed in to Downing Street by the National Secular Society. It calls on the prime minister to exempt taxpayers from funding the visit. It will be the first papal visit to the UK since John Paul II in 1982.
UK - Well, was it worth it? The six-day shutdown of most of Europe's and all Britain's airports is estimated to have cost the airline industry at least 1.2 billion pounds. Millions of people have suffered expense, inconvenience and even distress rescuing themselves from faraway places. But doubt persists about whether the danger posed by Iceland's volcanic ash cloud justified the drastic response.
UK - Google was asked by British authorities almost 1,200 times for information about the internet activites of individuals and companies in just six months, the search engine has disclosed. Britons are among the most spied upon on the web, according to the figures which show only Brazil and the United States asked for more information.
UK - Nick Clegg has claimed that the British people have 'a more insidious cross to bear' than Germany over the Second World War. In an astonishing attack on our national pride, the Liberal Democrat leader said we suffered from 'delusions of grandeur' and a 'misplaced sense of superiority' over having defeated the horrors of Nazism.