GERMANY - The German Constitutional Court yesterday held its first day of hearings over whether the Lisbon Treaty violates the German Constitution. According to EUobserver, four out of eight judges expressed reservations about the Treaty.
UK - Lloyds Banking Group sent the markets into a frenzy when it issued a shock warning that HBOS is likely to record a loss of as much as £11bn for 2008. Lloyds shares went plummeting by 40% upon the news, which comes two weeks before the group is due to report its earnings.
UK - A baby-faced 13-year-old schoolboy has fathered a child with his 15-year-old girlfriend, making him one of the youngest parents ever in Britain, a report said Friday. Alfie Patten, whose voice has not yet broken, admitted he had not thought about how he and girlfriend Chantelle Steadman would support baby daughter Maisie Roxanne, as "I don't really get pocket money."
GERMANY - German anti-immigrant, skinhead and neo-Nazi groups in the eastern city of Dresden staged one of their biggest demonstrations since German reunification in 1990 today, as 6,000 extremists marched through the streets, police said.
USA - The American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
UK - Pride, avarice, lust, anger, gluttony, envy and sloth: sometimes it feels as if Britain is in the grip of the seven deadly sins. There are arrogant politicians, greedy bankers, lecherous television presenters, furious trade unionists, obese children, competitive shoppers and an underclass of people who do not work. To the doom-mongers, British society is not broken, it is shattered.
UK - Married couples are in a minority for the first time since records began as fewer people choose to tie the knot, new figures indicate. They showed that couples are less likely to get married now than ever before, with the number of weddings at a 100-year low. The marriage rate, a more accurate guide to the long-term trend, also fell sharply to a record low in 2007.
EUROPE - The WSJ reports that EU Finance Ministers yesterday agreed to guidelines for handling 'bad' assets on banks' balance sheets, amid concerns of economic nationalism sparked by the global financial crisis. The range of remedies includes creating a so-called bad bank or series of bad banks to hold troubled assets.
UK - A school receptionist has said she is facing the sack after asking a church for prayer support when HER DAUGHTER WAS TOLD OFF FOR EXPRESSING RELIGIOUS BELIEFS DURING A LESSON. Jennie Cain said her five-year-old daughter Jasmine was in tears after being told off for talking about God and heaven.
EUROPE - Le Monde reports that the Czech Presidency of the EU has called for a European summit to be held in Brussels to "coordinate" stimulus packages introduced across the continent.
ISRAEL - Hamas deputy leader Moussa Abu Marzouk said on Thursday that his organization supports an 18-month truce with Israel. Abu Marzouk, in Cairo for truce talks with Egyptian intelligence chief Omar Suleiman, told Al-Jazeera that Hamas was waiting for Israel to approve the details of the emerging agreement.
JAKARTA, INDONESIA - A powerful earthquake off eastern Indonesia damaged dozens of buildings and sent panicked residents fleeing to higher ground Thursday, some climbing trees to escape a feared tsunami, officials and witnesses said. At least 17 people were injured.
EUROPE - New statistics released on Thursday show that Europe's industrial woes are even worse than expected. Many are concerned that the bad economy could lead to more protectionism.
USA - This week Treasury Secretary Tim Geithner unveiled a financial stabilization plan that could cost $2 trillion, in addition to the $790 billion that Congress plans to spend on economic stabilization. ALL THIS WITHOUT ANY CONSULTATION WITH CONGRESS. That's financial stability?
USA - US officials are publicly taking a wait-and-see approach to the formation of a new Israeli government, but privately many have expressed concern that Likud leader Binyamin Netanyahu might preside over a right-wing coalition.