Posts
Global
economy
Eurozone
officials to hold talks on possible rescue deal for banks but Madrid
says no decision on seeking aid yet taken.
Spain
set to ask EU for bailout: reports
There
is growing speculation Spain will ask for billions in bailout funds
for its ailing banks as early as this weekend.
UK
banks sitting on £40bn of undeclared losses
Britain's
banks are sitting on a £40bn black hole of undeclared losses that
are preventing them from making vital loans to businesses and
households.
Iceland
economy grows at fastest pace in four years
Iceland's
economy expanded in the first quarter at its fastest pace since its
near-meltdown, powered by a surge in exports, tourism and
domestic consumption.
Germany’s
exports & imports fall as EU economic crisis rages on
New
data show that Germany has experienced a sharp fall in exports
and imports in April as the country begins to feel the real
sting of the bloc’s prolonged economic stagnancy.
Airline
Death Spiral
Qantas
shares have slumped below AUD$1.00 (NZD$1.29) capping a
horror week in which AUD$1.1 billion was wiped off the
airline's market value.
Military/intelligence
Gun
battles rage in streets of Damascus
Syrian
army and opposition fighters clash in capital's Mezze neighbourhood,
as monitors reach al-Qubeyr massacre site
In
wide-ranging interview, Former ambassador Richard Williamson says
U.S. Republican candidate will make military threats against Tehran
credible, arm Syria's rebels, and visit Israel before going
anywhere else.
Comment
by top official at UN's nuclear watchdog comes mere weeks after IAEA
head Amano says framework deal to allow inspection of suspected
Iranian sites would be signed 'soon.'
THE
White House is battling claims that national security leaks to the US
media about drone strikes and cyber attacks authorised by Barack
Obama have been politically motivated to make the President look
strong in an election year.
A
bomb has exploded on a bus on the outskirts of the northwestern
Pakistani city of Peshawar , killing 19 people and wounding
several, police officials said
Deadly
Nigerian bomb blast kills 'many'
A
bomb blast at the entrance of the police headquarters of northeast
Nigeria's Borno state has killed many people, mostly police,
witnesses and security officials said.
Saudi-backed
Bahraini forces have attacked anti-government demonstrators demanding
the release of prominent human rights activist Nabeel Rajab.
Environmental/disasters
Experts
were shocked to find a thick, 60-mile-long “phytoplankton
mega-bloom” under Arctic sea ice, announcing in a study Thursday
that ice made thinner by warming temperatures has, for now at
least, created ideal conditions for the microscopic, single-cell
plants to flourish
Civil
unrest/revolution
Nudity
and violence: Canadian students strip in protest, clash with police
(PHOTOS, VIDEO)
Formula
1 fans attending a Grand Prix cocktail reception in Montreal
certainly got more than they bargained for, as riot police clashed
with semi-naked students in the city streets, arresting 39 people.
Protesters
rally against Shafiq in Cairo
Several
thousand gather in Tahrir Square to oppose Mubarak-era prime minister
Ahmed Shafiq's bid for presidency.
Energy/resources
An
op-ed written by two Woods Hole Oceanographic Institute, or WHOI,
scientistsin The Boston Globe this week is heating up
a debate about how chilly legal scrutiny can be when it comes to
ocean science
Europe
UK
govt. cuts hit homecare residents
British
government’s budget cuts have led vast majority of
council-funded residential homecare providers not to provide
quality care deliver the quality of service the public wants,
warns a Labour survey.
Crisis
takes toll on transport (Greece)
The
economic crisis has had a major impact on transport, according to
experts, who report a reduction of around 30 percent in the use of
cars as well as public transport.
Japan
Japanese
PM says no choice but nuclear
Yoshihiko
Noda angers anti-nuclear lobby with call for two reactors to be
restarted to head off energy crisis
USA
Wish
it away: US government ignores archipelago of Japanese debris heading
its way
The
United States is awaiting the arrival of a mass of debris three times
its own size from Japan. But despite new objects washing up daily on
the West Coast, Washington is hoping the problem will literally just
disappear.
Four
Major U.S. Heat Records Fall In Stunning NOAA Report
10,000
fish die from unknown cause in Missouri’s Blue Springs Lake
Missouri
conservationists are trying to solve a mystery in an area lake. What
started as a couple dozen dead carp turned into more than 10,000 in
Blue Springs Lake.
Australia/NZ
End
of debt binge and the glass is half full,
says RBA (Australia)
THE
Reserve Bank governor, Glenn Stevens, has issued a rousing call
to Australians to start seeing the glass as half full, while
also warning of slower house price growth ahead.
Record
mortgagee sales a 'genuine cause for concern'
(NZ)
A record number of property owners are being forced to
sell up as banks move to foreclose in mortgagee sales.
National
Australia Bank has joined the other big banks in lowering interest
rates after the Reserve Bank's cut to the official cash rate earlier
this week
Mainland
Australia rattled by 10th tremor in less than 7 days
An
earthquake with a magnitude of 4.2was recorded between Tamworth
and Gunnedah tonight
Media/internet
UN
to tax American Internet companies?
The
way the Internet operates as we know it could all soon change. A
recently leaked document reveals that a European-based lobby group
has asked the United Nations to tax American websites that provide
services abroad
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