Thursday, May 21, 2015
Germany's nearly 1,800 banks are being forced to rethink their business models in the face of persistently low level of interest rates and weak profitability.
If the U.S. doesn't write the rules of international trade, President Barack Obama warns, China will. In fact, China is already helping write those rules, and in some ways has jumped ahead of the game.
Wednesday, May 20, 2015
Sino-American relations are poised to worsen despite another summit meeting between the two leaders being planned for September, with Xi Jinping having accepted Barak Obama's invitation of a state visit.
With its refugee reception facilities bursting at the seams, Italy is starting to show the strains created by thousands of people washing up every week on its southern shores.
U.S. Secretary of State John Kerry took a risky gamble facing derision and much skepticism when he flew to Russia last week for the first time in two years to meet President Vladimir Putin.
The Islamic State group's capture of Ramadi is a serious setback to the U.S. strategy to defeat the jihadists and raises fresh doubts about the competence of its Iraqi partners.
Tuesday, May 19, 2015
A dozen years later, American politics has reached a rough consensus about the Iraq War: It was a mistake. Politicians hoping to be president rarely run ahead of public opinion. So it's a revealing moment when the major contenders for president in both parties find it best to say that 4,491 Americans and countless Iraqis lost their lives in a war that shouldn't have been waged.
A comedy club owner, an ex-motorcycle expedition leader and a politics student are just some of the 56 new Scottish nationalist MPs set to be sworn in at Britain's parliament this week.
A move to write new war powers to authorize the Obama administration's 9-month-old battle against Islamic State militants has stalled in Congress and might even be dead.
Society has been seduced to enter a world in which wealth, and the status attached to it, are equated with success and happiness. If we consider its toll on our natural environment and its longer term unsustainability, this very notion of universalizing affluence becomes highly suspect.