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Global
economy
Fitch
credit agency has downgraded 18 Spanish banks less than a week after
downgrading the country’s credit ratings. This comes amid
discrepancies regarding the rescue package EU is to provide for
Spain.
The
interest rate on Spain’s 10-year bonds sets a eurozone-era
record high, raising investors’ fears despite approval of a
massive bailout for Spanish banks.
US
stocks have bounced back, reversing the previous day's losses while
shrugging off the spectre of more turmoil in Europe.
Spain's
benchmark borrowing rate hit its highest level Tuesday since the
country adopted the euro currency, after ratings agency Fitch
downgraded 18 banks on Tuesday and investors continued to find more
questions than answers in the country's decision to seek help
for its ailing bank sector by tapping a €100 billion eurozone
bailout fund.
European
finance officials have discussed limiting the size of withdrawals
from ATM machines, imposing border checks and introducing euro zone
capital controls as a worst-case scenario should Athens decide to
leave the euro
Military/intelligence
LESS
than three weeks before stringent US sanctions intended to
reduce Iran’s oil exports take effect, the Obama
administration has exempted seven major importers of Iranian oil
— but not China — from the measures because these countries
had ‘‘significantly reduced’’ their oil purchases from
Iran.
Washington
has granted waivers to sanctions on Iranian oil imports to several
countries, leaving China the only major oil importer subject to US
penalties. Chinese oil giant Sinopec announced it will not raise
imports in an effort to allay sanctions.
The
US has accused Russia of escalating the Syrian conflict by sending
attack helicopters to President Bashar Assad's regime as UN observers
were attacked with stones, metal rods and gunfire that blocked
them from a besieged, rebel-held town where civilians were feared
trapped by government shelling.
A
top United Nations official has declared that Syria is now in a
full-scale civil war, as the regime ramped up its attacks on
opposition rebels.
UN
peacekeeping chief says government has lost "large chunks of
territory" as witnesses describe heavy shelling in Homs.
Spokesman
for special UN envoy fails to specify participants and venue of
meeting; 'contact group' meeting has been in doubt because of U.S.
opposition to Iran's involvement.
Cutting
Iran's link to the Mediterranean Sea is a strategic prize worth the
risk.
There
it is in black and white -- RLW
Israeli
authorities are prepared to completely evacuate Tel Aviv in the event
of a missile attack, especially one deploying “unconventional”
warheads, a commander heading the country’s central region has
said.
Detection
of radioactive materials improved as concern grows over instability
in Syria
Environmental/disasters
Civil
unrest/revolution
MOSCOW:
THOUSANDS of protesters took to the streets of Moscow yesterday,
marching to a rally to demand fresh elections and a the removal
of Vladimir Putin as president.
The
Russian opposition has held a mass anti-government rally in the
country's capital. It was the first so-called “March of Millions”
demonstration since mass protests on May 6 were marred by violence
and hundreds of arrests.
AUTHORITIES
in Bahrain were forced to release an 11-year-old boy they have
held in custody for nearly a month
Egypt
protesters rally outside the headquarters of the Presidential
Election Commission in Cairo, demanding the body to guarantee a
fair election.
Saudi
Arabia is concerned about a revolution in the country because it
is experiencing a unique power vacuum, an analyst tells Press
TV.
Overnight
curfews imposed in eight areas including Tunis after riots blamed on
Salafis leave dozens of police injured.
Food/water
Water
grab in Kansas oil boom - America's Boomtown
In
the farm country of southern Kansas, water is a precious
commodity. And not just for farming -- for fracking.
Europe
The
European Commission has been providing legal advice to
others who are considering possible scenarios should Greece
leave the euro, a European Union spokesman said
The
leader of Greece's leftist SYRIZA party today ruled out forming
a government with pro-bailout parties after a June 17 election
that could decide the nation's future in the euro zone
European
finance officials have discussed limiting the size of
withdrawals from ATM machines, imposing border checks
and introducing euro zone capital controls as a worst-case
scenario should Athens decide to leave the euro.
France
said today it would support taking steps towards budgetary
integration in Europe, as Berlin wants, but the first
priority must be to agree urgent measures to solve the euro
zone's debt crisis.
Trying
to predict how Greeks will vote on June 17 in the midst of the
turmoil created by the country’s grueling economic crisis and the
disorientating political transition is a thankless task, but the
latest Public Issue poll for Kathimerini indicates we might get a
clear result.
China
USA
THE
recession shrank Americans' wealth so much that in 2010 median
family net worth was no more than it had been in 1992 after
adjusting for inflation, the US Federal Reserve says.
Australia/NZ
Australia
looks set to experience the same weather conditions this year that
were responsible for the nation's last devastating drought in
the summer of 2009.
Media/internet
Lawyers
for WikiLeaks founder Julian Assange have asked the British Supreme
Court to reopen the appeal against his extradition to Sweden.
British
internet users may soon have an opportunity of meeting those who
‘troll’ them face to face. The parliament is considering a
legislation making website operators to identify users posting
defamatory comments.
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