China and Russia: the world's new superpower axis?
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China and Russia: the world's new superpower axis?
The White House is crafting a Middle East strategy for the remaining 18 months of President Barack Obama’s term that would more forcefully address conflicts in Iraq, Yemen and Syria amid tensions over the conclusion of talks with Iran.
The Continent’s most powerful country is grappling with its leadership role—and other nations are, too.
At a Mass in Guayaquil, Ecuador’s largest city, Pope Francis praised the family as being society’s primary haven and school of virtue but said its joys still elude many.
 Irish Independent |
OXI: Greece says emphatic No to EU bailout austerity
Irish Independent Anti-austerity 'No' voters celebrate the results of the first exit polls in Open Gallery 8 Anti-austerity 'No' voters celebrate the results of the first exit polls in front of the Greek parliament in Syntagma Square in Athens last night No voters kiss ... Why Grexit is now the default positionThe Australian Financial Review Yanis Varoufakis — Greece's 'erratic Marxist'DAWN.com New Greek Finance Minister Euclid Tsakalotos, right, speaks to Yanis ...The Australian The Globe and Mail -Sydney Morning Herald -BBC News all 1,655 news articles » |
 BBC News |
7 July London bombings: Blair says terror threat 'not going away'
BBC News Tony Blair has issued a stark warning that the threat from Islamist terrorism has now reached "the edges of Europe". The former prime minister, in an interview for the BBC News Channel on the 10th anniversary of the 7/7 attacks in London, said Islamist ... Britain remembers 7/7 victims 10 years after London bombingsYnetnews London holds service to mark 10th anniversary of 2005 terrorist attacksFinancial Express London remembers: 10 years on after 7/7 bombingseuronews Mirror.co.uk -RT -The Independent all 142 news articles » |
7/7 anniversary: How we remembered the London bombings - Metro
Metro Today Britain is remembering the lives of 52 people murdered in the July 7 bombings – ten years on from the devastating attacks. While David Cameron and Boris Johnson joined families of the victims at a memorial in Hyde Park, thousands joined the ... and more » |
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Blog: White House blames GOP for illegal alien murder in San Francisco
American Thinker (blog) The White House blamed congressional Republicans Monday for the death of a San Francisco woman allegedly shot by a repeat offender illegal immigrant, and for a spate of gun violence last weekend in President Obama's hometown of Chicago. Referring ... and more » |
The conversations between a young woman in rural Washington State and a British man with ties to radical Islam may provide clues about how ISIS recruits new members around the world.
Produced by: Poh Si Teng and Ben Laffin
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Flirting With ISIS: How the Islamic State Recruits | The New York Times
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 ABC News |
For workers at Trump's DC hotel, route to US wasn't always legal
Washington Post For weeks, dozens of construction workers from Latin America have streamed onto the site of the Old Post Office Pavilion in downtown Washington and taken pride in their work building one of the city's newest luxury hotels. But that job site is now ... Donald Trump cozies up to A-Rod at charity event after calling him a 'disgrace ...New York Daily News Republican infighting grows, and donors call for calmChristian Science Monitor Why it's a mistake to dismiss Donald TrumpThe Australian Los Angeles Times -CBS News -TheBlaze.com all 453 news articles » |
China shares resume their slide - FT.com
Financial Times China's benchmark stock index has resumed its decline, falling for its fourth session of the past five in spite of efforts by Beijing to prop up the market. The Shanghai Composite was 5 per cent lower shortly after 11am on Tuesday, while the tech-heavy ... and more » |
 CNN |
Greek crisis is nothing compared to China
CNN (File photo) Civilians march through Tiananmen to celebrate the 60th founding anniversary of the People's Republic of China. New York (CNNMoney) — The population of Greece is slightly less than the state of Ohio's, while its gross domestic product is ... Chinese stocks fall despite intervention, other Asian markets mixedCTV News Asia markets mostly up but Shanghai tumbles againTimes of India Euro Steady After Greek Austerity VoteNDTV Reuters-Politico all 717 news articles » |
 Telegraph.co.uk |
Are the Germans about to call the Greeks' bluff?
Telegraph.co.uk You have to admire the Greeks. They certainly don't like getting pushed around and their history is replete with tales of derring-do in the face of overwhelming opposition. Whether against the Persians at Thermopylae, or the Romans at Corinth, or the ... Nikkei up on bargain hunting but China worries cap riseReuters Greek Risk Seeps Through Currencies to Torment ECB's NeighborsBloomberg US and Japan increase pressure on Europe to reach a deal with GreeceThe Guardian Reuters Canada -Politico -CBC.ca all 2,490 news articles » |
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 New York Daily News |
Grizzly bear uses 50-pound, basketball-sized rock to shatter Minnesota Zoo ...
New York Daily News These zoo patrons barely escaped! A grizzly bear tossed a 50-pound rock against a floor-to-ceiling observation glass pane, repeatedly battering the zoo enclosure until it appeared to crack. No, this was not a scene from bestseller James Patterson's new ... Bear breaks glass at MN zoo by tossing 50 lb. rockWTVM Grizzly bear picks up 50lb rock and tries to smash glass of zoo enclosureMirror.co.uk Grizzly Bear Shatters Barrier at Minnesota Zoo - AM 1240 WJONiFreePress.com (blog) TwinCities.com-Pioneer Press-KTTC-Northland's NewsCenter all 74 news articles » |
Gay couple granted Texas marriage license after lawsuit - Brownsville Herald ...
Brownsville Herald DALLAS (AP) — A gay couple was granted a marriage license Monday shortly after filing a federal lawsuit against a county clerk in Texas who cited religious opposition when denying them a license last week. Jim Cato and Joe Stapleton filed the lawsuit ... and more » |
Telegraph.co.uk |
Germany refuses to let Greece off hook
Telegraph.co.uk The crisis in the eurozone was set to escalate on Monday night after the Germans said they could not write off Greek debts without offering financial assistance to Ireland, Spain and Portugal. George Osborne, the Chancellor, on Monday urged Angela ... Eurozone finance ministers urge Greece to make new proposalsFinancial Express Germany, France press Greece to make fast, credible proposalsReuters Germany's power polarises EuropeThe Australian all 712 news articles » |
Oligarch claims sanctions mean companies are surrendering infrastructure opportunities to China
"This will not be quick," President Obama told reporters at a Monday briefing in the Pentagon, referring to the ongoing U.S. air war against the Islamic State. "This is a long-term campaign. ISIL is opportunistic and it is nimble. . . . It will take time to root them out."Read full article >>
Greece readies new bailout bid ahead of summitby Michael Birnbaum, Griff Witte
ATHENS — European leaders faced a dilemma Tuesday over whether to back down in the face of a resounding Greek rejection of their austerity demands amid signs that Greece was preparing a more conciliatory bid for financial rescue just days before its banks face collapse.Read full article >>
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KABUL – A suicide bomber rammed a car into an armored vehicle in a NATO-led convoy of troops in Kabul Tuesday, the second such attack against the coalition in a week, amid rising violence in Afghanistan.Read full article >>
With their PM headed to Brussels for emergency talks, a large proportion of the Greek population is confident that an accord will be hammered out
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Amnesty Accuses Balkan Countries of Abusing Migrantsby webdesk@voanews.com (VOA News)
The human rights group Amnesty International accused Balkan countries of abusing migrants passing through their territories on the way to the European Union. In a report released Tuesday, Amnesty said refugees and migrants fleeing conflict in Syria, Afghanistan and other crisis zones endure beatings and extortion during the journey that takes them by sea from Turkey to Greece and then overland across Macedonia and Serbia into Hungary. Amnesty's report is based on four research...
France Says Will Not Sell Weapons to Chinaby webdesk@voanews.com (Li Bao)
France says there will be no weapons sales to China, following earlier speculation that France might consider selling two Mistral-class amphibious assault ships to Beijing. After a joint news conference with U.S. Secretary of Defense Ash Carter at the Pentagon on Monday, French Minister of Defense Jean-Yves Le Drian denied the wide spread speculation of possible arms sales to China. “There is an embargo on any sale of weapon to China, which we will respect,” Le Drian told VOA's...
Monitor: Syrian Kurds Retake Villages Near Raqqaby webdesk@voanews.com (Reuters)
Syrian Kurdish fighters have recaptured more than 10 villages seized by Islamic State north of its de facto capital of Raqqa city, aided by U.S.-led coalition air strikes, the Syrian Observatory for Human Rights reported on Tuesday. Fighters from the ultra-hardline Islamist group were, however, still in control of the town of Ain Issa, 50 kilometers (30 miles), north of Raqqa city, which the jihadists seized from the YPG militia in an attack Monday, the Observatory reported. That...
US Military Leaders to Discuss IS Strategyby webdesk@voanews.com (VOA News)
U.S. President Barack Obama's top military officials go before lawmakers Tuesday to discuss the strategy for fighting the Islamic State group, a day after Obama said that effort would be long, hard-fought and require more than American military might to win. Defense Secretary Ash Carter and Joint Chiefs of Staff Chairman General Martin Dempsey will testify before the Senate Armed Services Committee. They appeared at a similar hearing of the House Armed Services Committee last month...
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President Barack Obama made a rare visit to the Pentagon Monday to speak with national security advisers about refining the U.S. strategy to defeat Islamic State militants. VOA Pentagon correspondent Carla Babb reports.
Originally published at - http://www.voanews.com/media/video/2851682.html
(ATHENS, Greece) — Greek Prime Minister Alexis Tsipras heads Tuesday to Brussels, where he will try to use a bailout referendum victory to obtain a rescue deal with European leaders. Tsipras faces intense pressure from creditors abroad and banks at home who all demand what Greece lacks: money.
As the Greek leader readied proposals to restart bailout talks, the situation was complicated by the European Central Bank’s refusal late Monday to increase assistance for Greek banks desperately needing cash and facing imminent collapse unless a rescue deal is reached.
A hastily called meeting of eurozone finance ministers is slated for Tuesday afternoon, and a full summit of the leaders of the 19 euro countries was to be held that evening.
With Greece’s future in the European Union and its euro currency at stake, a Monday meeting between German Chancellor Angela Merkel and French President Francois Hollande in Paris set the tone for the Brussels talks.
“Time is of the essence,” Merkel said afterward. “(Greek) proposals have to be on the table this week.”
Tsipras scored a bigger than expected win in Sunday’s bailout referendum, with 61 percent of voters rejecting the economic measures creditors had proposed in exchange for loans Greece needs to remain afloat, including further cuts to pensions.
In a sign of compromise, Tsipras appointed a new finance minister to lead talks with creditors and replace Yanis Varoufakis, who clashed with his European counterparts.
Euclid Tsakalotos, a 55-year-old economist, has appeared more willing to engage with creditors. He will be tested as soon as Tuesday, in Brussels.
“I won’t hide from you that I am very nervous and very anxious. I am not taking over at the easiest moment in Greek history,” Tsakalotos said after being sworn in.
Greek banks are running out of cash even after the government placed limits on how much depositors can withdraw. The ECB has been providing emergency credit to the banks, but on Monday said it could not increase the amount offered because the banks’ collateral was weaker now, after the “no” vote.
Normal commerce is now impossible in Greece. Small businesses, lacking use of credit cards or money from bank accounts, were left to rely on cash coming from diminishing purchases from customers. But Greeks are holding tightly onto what cash they have. And suppliers are demanding that businesses pay cash up front.
In Paris, Merkel and Hollande both expressed respect for Greek voters, but urged swift action from Athens.
“I stress that there is not lots of time left. There is urgency for Greece. There is urgency for Europe,” Hollande said.
Spanish Prime Minister Mariano Rajoy said that if Greece is to remain part of the eurozone, it needs to enact reforms that will spur economic growth and pay off its debt.
“We’re inclined to help Greece but Greece must follow Europe’s rules,” he said in an interview on Spain’s Telecinco evening news program.
The ongoing Greek drama hurt stocks around the world, particularly in Europe. The losses were not as great as some had feared, however, suggesting investors think that a possible Greek exit from the euro would be manageable for the global economy, though devastating for Greece and destabilizing in Europe.
“The ‘no’ vote in Greece’s referendum on Sunday dramatically increases the risk of a slide toward a disorderly Greek exit from the eurozone,” ratings agency Fitch said. “An agreement between Greece and its official creditors remains possible, but time is short and the risk of policy missteps, or that the two sides simply cannot agree on a deal, is high.”
Tsipras has agreed to imposing more harsh austerity measures, but he wants eurozone lenders to grant the country better terms for bailout debt repayments.
“The prime minister is … committed to starting a fundamental debate on dealing with the problem of sustainability of the Greek national debt,” a statement signed by the government and three pro-European opposition parties said in a rare sign of solidarity.
Greece, after years of crippling recession and spiraling unemployment, has already been granted 240 billion euros in loans from other eurozone countries. But the spending restraint demanded as a condition for the loans hurt economic growth, and reforms to make Greece more business-friendly have been slower than hoped.
European officials remain split on Greece’s demand for easier debt repayment — with lead eurozone lender Germany still reluctant.
James Nixon, chief European economist at Oxford Economics, said there’s “a narrow trajectory from here that sees an emboldened Greek parliament accepting the need for reform in return for a debt write-down.”
“The next 48 hours will be crucial.”
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Charlton reported from Paris. Demetris Nellas, Gregory Katz and Menelaos Hadjicostis in Athens, Lori Hinnant in Paris, Raf Casert in Brussels and David Rising, Geir Moulson and Frank Jordans in Berlin, and David McHugh in Frankfurt, Germany, contributed to this report.
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· · · ·
Russia vows to help Greece overcome financial woesby The European Union Times
Russian President Vladimir Putin has assured Greeks that he will support them in the financial hardships they face after the Greek people overwhelmingly voted “No” to further restricting terms of an international bailout program.
In a phone conversation on Monday, Putin discussed the results of a Sunday referendum with Greek Prime Minister Alexis Tsipras, voicing his support for the Greek people in “overcoming the difficulties” they face, a statement by the Kremlin press service said.
In a hastily organized referendum on how the Greek government should deal with the rising demands of its international creditors for granting a bailout, more than 61 percent of the people said “No” to the conditions set by the lenders, ostensibly improving the ruling Syriza party’s position in ongoing negotiations with international creditors.
The Kremlin statement said the phone call was initiated from the Greek side in which Putin and Tsipras discussed the outcome of the referendum as well as “several issues of further development of Greek-Russian cooperation.”
However, the statement did not mention any potential assistance in finances from the side of Russia, which Greece dearly needs these days to help its economy.
Since rising to power in January, the euro-skeptic rulers of Greece have repeatedly shown their willingness to get closer to Moscow as the gaps with European creditors have kept widening. Since April, Tsipras has made two visits to Russia where he has finalized a deal on building a gas pipeline worth 2 billion euros (USD 2.2 billion).
Russia itself is entangled in a bitter standoff with the European Union over a crisis in east Ukraine.
Meanwhile, Greece’s economy minister insisted that his country wants to stay in the 19-nation euro currency despite the fact that the “No” vote prevailed in the Sunday referendum.
“We want to stay in the euro. We want a better deal. A more balanced deal,” Giorgos Stathakis said of the ongoing talks with Greece’s international lenders on the continuation of a bailout program, and added staying in the euro was among Syriza’s slogans before the elections earlier in 2014.
Stathakis said, however, that if the creditors want a deal to be reached, they should keep Greek banks afloat. The best-case scenario for the European Central Bank is to grant the banks in Greece a 3 billion euros (USD 3.3 billion) in liquidity assistance.
Tsipras names new finance minister
Also on Monday, Athens named a leading member of Greece’s bailout negotiating team as the new finance minister to replace outgoing Yanis Varoufakis who resigned hours after vote results surfaced.
Reports in the Greek media said that Euclid Tsakalotos is set to be officially confirmed as the new finance minister in the next few hours.
A graduate of Oxford and member of Syriza’s central committee, Tsakalotos is expected to mark a new thaw in the frosty relations between Greece and the creditors.
Varoufakis announced his resignation on Twitter Monday, saying he was told that some members of the eurozone considered him unwelcome at meetings of finance ministers.
Banks remain closed in Greece and restrictions are in place capping the daily amount of money people can withdraw from ATMs across the country. That came when the government tried to impose last week a series of measures to control the flow of capital out of fear that the banks may run dry of cash.
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· · ·
“Political Islam” is the Future of Europe – EU Security Headby The European Union Times
As the threat from ISIS extremists grows, the European Union’s head of foreign affairs and security policy Federica Mogherini has caused consternation by asserting that “political Islam” is a firm part of Europe’s future.
Responding to last month’s brutal Islamist terror attacks in Tunisia, Kuwait and France, Mogherini dismissed the idea of a clash of civilizations and shot back at critics of mass immigration.
“Islam belongs in Europe. It holds a place in Europe’s history, in our culture, in our food and – what matters most – in Europe’s present and future,” wrote Mogherini, before adding, “I am not afraid to say that political Islam should be part of the picture. Religion plays a role in politics – not always for good, not always for bad. Religion can be part of the process. What makes the difference is whether the process is democratic or not.”
In promoting “political Islam” as part of the future of Europe, Mogherini is violating the very notion that western democracy is supposed to be based on the fundamental principle of separation of church and state (or mosque and state in this case).
Since the zenith of “political Islam” is Sharia law, the legal system derived from the teachings of Islam, she is also promoting the imposition of a system that represents one of the most repressive forces on the planet, subjugating women and allowing for extra-judicial murder such as stoning and beheading, both of which are practiced in Saudi Arabia, a country which exemplifies “political Islam”.
“She was not referring to the Muslims who divide Europe into “us” and “them” by saying, “We will conquer your Rome,” writes Robert Spencer. “She was referring to those who say that such people should be resisted. For even though she says, “Da’esh is Islam’s worst enemy in today’s world,” she has no plan to distinguish its many, many thousands of adherents among Muslims in Europe from those who reject it. And so she and her ilk are heading Europe toward a future of chaos and bloodshed.”
Mogherini’s comments will do little to dispel concerns that world leaders are hesitant to fully acknowledge the threat posed by ISIS, and the fact the group’s campaign of terror is very much Islamic, for fear of appearing politically incorrect.
Indeed, the current debate about how to stop ISIS is not centered around combating the ideology (lifted straight from the Koran) that motivates ISIS’ thousands of fighters and its millions of supporters, but an obsession with not calling the group “Islamic”.
Last month, British Prime Minister David Cameron insisted that ISIS instead be referred to as “Da’esh” because “Islamic State” was offensive to Muslims.
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· · · ·
Is US Pledge to Be the World Leader Just Wishful Thinking?by The European Union Times
Is the American century over? Despite a growing economy, world-class university system, innovative society, and the best military in the world it seems the US may lose its global leadership.
Air Force Col. Robert S. Spalding and his co-author Dr. Adam B. Lowther, a Research Professor at the Air Force Research Institute (AFRI), believe that the American pessimism over the country’s gradual decline is unjustified, insisting that “things are not as bad as they seem.”
According to the experts, Washington’s popularity among its NATO allies and partners is growing. The US’ European partners are seeking Washington’s help in countering the “Russian threat,” while in Asia China’s neighbors want the United States “to be a part of the future so that it can play a central role in balancing Chinese power.”
On the other hand, the United States is still indispensable for the containment Islamic State’s growth in the Middle East, the experts deem.
“With a growing economy, world-class university system, innovative society, and the best military in the world, the United States is well placed to lead in the century ahead. It might not be called “the American century,” but the future will be one Americans can be proud of,” Rob Spalding and Adam Lowther asserted.
But what if that’s just wishful thinking?
While Pentagon chief Ashton Carter beat the war drums in Europe, urging the states to raise their defense spending in the face of Russia’s imaginary threat, major German and British energy corporations had signed a number of highly lucrative deals with Moscow. Thus far, they sent a clear signal to their governments that they do not view Russia as a threat and do not consider anti-Russian sanctions a hindrance to further cooperation with Russia, according to American-German economic researcher and historian F. William Engdahl.
On the other hand, in reality NATO member states are not only not increasing their military budgets, but in some cases are actually cutting them, Executive Director of the Ron Paul Institute for Peace and Prosperity Daniel McAdams highlights. Furthermore, those countries which are “most geographically vulnerable to the claimed Russian aggression,” fail to create interest among citizens in signing up for military service.
A recent survey, carried out by the Pew Research Center indicated clearly that European NATO member states are reluctant to defend their allies against Russia, while public support for NATO is declining in Germany and in the United States itself.
Meanwhile despite obvious frictions between Beijing and its Asian neighbors over disputed territories and maritime routes, most Asian states jumped at the opportunity to join the China-led New Silk Road initiative. Some experts even go so far as to assert that the 21st Century Maritime Silk Road project may facilitate the resolution of the longstanding South China Sea maritime disputes.
On the other hand Beijing’s Asian Infrastructure Investment Bank (AIIB) has brought together both China’s friends and “foes.” While the United States offers a military buildup in the region with the potential prospect of creating a direct conflict between the Asian tigers, China is developing its highly profitable project which is expected to bolster the economy of the Asian Pacific and modernize the infrastructure of the region.
Interestingly enough, Rob Spalding and Adam Lowther remained silent about the fact that US’ European allies did not miss the chance to become founding members of the China-led AIIB, leaving Washington in the cold and turning a deaf ear to its vocal displeasure. The China-led financial institutions are viewed by many as a potential substitute for the US-influenced World Bank and International Monetary Fund (IMF). Beijing’s initiatives may eventually facilitate the decline of the dollar and remove the US currency from its dominant position.
And that is not all. In the Middle East Washington still cannot boast any substantial progress in countering the ISIL threat, prompting growing discontent among Iraqi policy makers.
“The Iraqi government believes that international efforts to prevent ISIL’s penetration into the country are insufficient. The Iraqi government’s assessments show that the anti-ISIL coalition efforts have not been enough since the terrorists are still infiltrating Iraq and their number has not reduced,” Iraqi Prime Minister spokesman Saad Hadithi underscored in an interview with Iran’s Fars News Agency (FNA) in June 2015.
Remarkably, Rob Spalding and Adam Lowther admitted, that Washington can no longer handle all the challenges alone and needs assistance from its allies. “Not everything is possible through American power alone,” the authors noted, adding that “some regions have the capabilities required to address their own security challenges.”
“Accepting the mantle of leadership being placed on American shoulders, from Tokyo to Berlin, may not always be easy, but the security and prosperity enjoyed over the past seven decades is built upon its willingness to do so,” the experts underscored.
But it seems that not everything is so rosy in the garden as the experts describe.
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· · · ·
VIENNA (Reuters) - Iran and major powers will continue negotiations on an historic nuclear deal past a deadline for a long-term agreement, which is set to expire later on Tuesday, European Union foreign policy chief Federica Mogherini said.
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Some of the most compelling photographs from RFE/RL's broadcast region and beyond. For more photo galleries, see our "Picture This" archive by clicking on the banner above.
A forger sent a hoax letter to Russian media in an apparent bid to convince journalists that a senior U.S. lawmaker was trying to tell Ukrainian Prime Minister Arseniy Yatsenyuk how to run his government.
Iran Stalls Nuclear Talks With New Demands On Ballistic Missiles by support@pangea-cms.com (RFE/RL)
A dispute over United Nations sanctions on Iran's ballistic missile program emerged July 6, holding up a nuclear deal between Tehran and six world powers on the eve of a self-imposed deadline.
The Azerbaijan Foreign Ministry has blacklisted Russian opera singer Lyubov Kazarnovskaya because of her recent visit to Armenian-occupied Azerbaijani territories, Baku authorities said.
Afghanistan's Hekmatyar Announces Support For IS In Fight Against Talibanby support@pangea-cms.com (Joanna Paraszczuk)
Gulbuddin Hekmatyar, the leader of the Afghan Islamist organization Hezb-e Islami, has called on his followers to support the militant group Islamic State (IS) in the fight against the Taliban.
World Briefing: Spain: Madrid to Remove Reminders of Francoby THE ASSOCIATED PRESS
Madrid’s new leftist City Council says it will remove all references to the dictatorship of Gen. Francisco Franco from the names of streets and plazas.
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A panel appointed by Secretary General Ban Ki-moon reported new information suggesting that an attack had brought down the flight over southern Africa.
Op-Ed Contributor: Found in Translation by BENJAMIN MOSER
Bringing foreign language writers into the crowded realm of English only enriches the world of literature.
Jordon Begley, aged 23, was shot with the 50,000 volt stun gun and hit with distraction strikes while being restrained by three armed officers from Greater Manchester Police.
More than a million elderly people in Britain are forced to struggle on their own with getting out of bed, washing and preparing meals, even though they desperately need support.
As the manager of a local brothel said, when the Iran talks are in town, 'business is booming'. He declined to say who were his most frequent customers were, however.
A family visiting the Henry Doorly Zoo in Omaha, Nebraska came away with more than just happy memories when a Siberian tiger decided to cover them in its scent.
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The communist leadership is subsidising speculation as it tries to protect millions of small investors from being wiped out
Nervous about the Chinese stock market? You should be. First, it looks expensive, even after a dip. Second, the authorities in Beijing, by adopting increasingly desperate measures to prop up share prices, are sending an unmistakable message that they fear a crash is a possibility.
The latest official attempt to manipulate the stock market would be laughed out of court if it were attempted in the west. The central bank is shovelling cash towards a state-backed finance company that lends to individuals who would like to make bigger bets on the stock market than they can afford. That’s right, in today’s communist China, there are subsidies for stock market speculation.
Continue reading...China and Russia: the world's new superpower axis?by Emma Graham-Harrison in Beijing, Alec Luhn in Moscow, Shaun Walker in Moscow, Ami Sedghi and Mark Rice-Oxley
Countries are trade partners with a shared goal of challenging US hegemony, but past disputes and competing interests make the relationship more complex
Forget euro summits and G7 gatherings: for the countries that like to style themselves as the world’s rising powers, the real summitry takes place this week in central Russia, where Vladimir Putin will hold court.
Leaders of the Brics countries (Brazil, India, China and South Africa) will meet Putin in Ufa on Wednesday, then make way for the Asian powers grouped in the Shanghai Cooperation Organisation.
Continue reading...
Arrests follow plan to introduce anti-terrorism law that threatens press freedom
Four journalists have been arrested in Egypt over the past week, adding to 18 journalists already imprisoned, according to a survey conducted by the Committee to Protect Journalists (CPJ) on 1 June.
CPJ reports that Wagdy Khaled, a photographer for the weekly newspaper Al-Masriya, was arrested on Friday while taking photographs outside a Cairo mosque. He is being held on suspicion of belonging to the banned Muslim Brotherhood.
Continue reading...
Despite Alexis Tsipras’ rhetoric on social justice, the radical leader appears more intent on consolidating power than delivering a deal
“You tell me if there is any other country in Europe where they close the banks for a week and 61% of the people still say no?” This question was posed with immense pride by a schoolteacher as she wandered through the crowds celebrating in central Athens in the early hours of Monday morning. Tired from supporting her husband, laid off from the state broadcaster three years ago and their daughter on a single wage, she was exultant.
Certainly, it is hard to think of any other nation that faced with the collapse of its banks and empty supermarket shelves would place its trust in a 40-year-old with a gift for demagoguery but most of whose promises have proven empty.
Continue reading...
Bill Cosby has admitted to obtaining sedatives with the intent of giving them to women he wanted to have sex with according to court papers from 2005. Report by Lindsay Brown.
One of comedian's many accusers says with new revelation from 2005 suit, "now people will know we're not liars anymore"
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Pope Francis celebrates an open-air mass with hundreds of thousands of faithful under scorching heat in Ecuador on Monday, calling for more help for families on his return to his home region. Duration: 01:23
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A man in Calgary has been detained by police after a stunt, inspired by the film Danny Deckchair, went wrong
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Court documents show actor and comedian obtained sedatives to give to women he wanted to have sex with
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· ·
 Reuters |
Germany, France press Greece to make fast, credible proposals
Reuters PARIS/ATHENS France and Germany told Greece on Monday to come up with serious proposals in order to restart financial aid talks, a day after Greeks voted overwhelmingly to reject more austerity. German Chancellor Angela Merkel and French President ... After the Greek referendum: What will Merkel do?Los Angeles Times Sign our deal or quit euroThe Australian (blog) Paris and Berlin demand 'precise proposals' of Greek leaderIrish Times National Post -New York Times -The Globe and Mail all 831 news articles » |
Michele Coninsx, head of Eurojust has confirmed that intelligence has shown Islamic State fighters are being smuggled across the Mediterranean hidden among migrants.
Center for Research on Globalization |
US-NATO's Undeclared Proxy War “Inside Russia”? The Islamic State (ISIS ...
Center for Research on Globalization ISIS has been developing its presence in the Caucasus within the territory of the RussianFederation. On June 23, 2015 ISIS announced the creation of a new governorate, called Wilayat Qawqaz in Russia's North Caucasus, after several senior militants in ... |
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President Obama traveled to the Pentagon on Monday to meet with Defense Secretary Ash Carter and other top officials about the Islamic State group.
The president dismissed criticism that his veto threats are endangering troops' pay, promising they'll continue.
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