Global News Journal
Beyond the World news headlines
Balancing powers in the Malacca Strait
Singapore’s warning of a terrorist threat in the Malacca Straits has again highighted the issue of who is in charge of security in one of the world’s busiest shipping lanes.
Singapore, Malaysia and Indonesia have stepped up sea patrols in the strait after Singapore’s navy said on Thursday it had received indications a terrorist group was planning attacks on oil tankers.
A Police Coast Guard vessel patrols shipping lanes near freight ships off the coast of Singapore March 4, 2010. ( REUTERS/Vivek Prakash)
The 900-km long (550 miles) Malacca Strait, linking Europe and the Middle East with the Asia-Pacific, carries about 40 percent of the world’s trade. More than 50,000 merchant ships ply the waterway every year.
Cattle Rustling, Pythons and Boogie Angola Style …. the best reads of May
Climate health costs: bug-borne ills, killer heat
Tree-munching beetles, malaria-carrying mosquitoes and deer ticks that spread Lyme disease are three living signs that climate change is likely to exact a heavy toll on human health. These pests and others are expanding their ranges in a warming world, which means people who never had to worry about them will have to start.
Spain rearranges furniture as economy sinks
Moving a 17-metre high monument to Christopher Columbus 100 metres down the road is how the Spanish government is interpreting the advice of John Maynard Keynes. The economist once argued it would be preferable to pay workers to dig holes and fill them in again, rather than allowing them to stand idle and deprive the economy of the multiplier effect of their wages.
Trying to deconstruct Chinese oil policy
China’s surprise decision late on Thursday to slash subsidies on fuel prices has been welcomed as a sign that Beijing is intent on reducing the pace of oil demand growth in the world’s second biggest energy consumer.
That, in theory, should help contain the upward spiral in world oil prices that took crude to a high of nearly $140 a barrel last week. Nine out of 10 analysts polled by Reuters immediately after the news took that line. But there is a contrarian view.
