LONDON (Reuters) – Whether the euro lives or dies, the chaotic way Europe has tackled the crisis could undermine the region’s geopolitical clout for years to come and leave it at a distinct disadvantage in a rapidly changing world.
With an apparently never-ending series of last-minute summits and telephone calls, Europe’s leaders and finance ministers have held the bloc together in the face of growing strains between states, a rising political backlash and market alarm.
LONDON (Reuters) – With the United States accusing Russia of providing attack helicopters and ethnic violence spiraling out of control, Syria’s conflict is pulling world and regional powers into a mounting proxy confrontation.
While Washington, Moscow and Beijing as well as European and Middle Eastern capitals have all endorsed Kofi Annan’s peace plan, analysts say it has become increasingly obvious that they have also been taking sides.
LONDON (Reuters) – Despite an escalating conflict in Syria and mounting civil unrest in Europe, the world became a more peaceful place in the last year, a study showed on Tuesday, highlighting particular improvement in Africa.
The Global Peace Index, produced by the Australia and U.S.-based Institute for Economics and Peace, showed its first improvement in two years. For the first time, sub-Saharan Africa was no longer the world’s least peaceful region, losing that dubious distinction to the Middle East and North Africa in the aftermath of the “Arab Spring”.
LONDON (Reuters)- U.S. policymakers might talk down “boots on the ground” in Yemen but with an estimated several hundred military advisers already deployed, Washington and its allies are already being drawn ever deeper into the country.
Western security and intelligence officials have long seen Yemen as central to their fight against Islamist militancy, viewing local franchise Al Qaeda on the Arabic Peninsula (AQAP) as the most dangerous single foreign group plotting attacks against the West. U.S. officials say the group was behind a thwarted airline attack plot last month, the latest of several such schemes.
WASHINGTON (Reuters) – For decades, Western navies have built ever larger, more expensive warships. Those vessels now look increasingly vulnerable to thousands of small, fast Iranian attack boats that could dominate the Gulf in the event conflict there.
In response, the U.S. Navy has sent almost its entire fleet of small patrol boats and minesweepers to the region, hastily refitting some to dramatically increase their firepower
WASHINGTON (Reuters) – If or when policymakers finally decide Greece should leave the euro, the exit could happen so quickly that “new drachma” currency notes might not be printed in time.
In principle, some of the long-term consequences of Athens leaving the currency bloc are not unappealing. The euro zone would no longer have to worry about what has always been its weakest link. While a new Greek currency would almost certainly immediately crash in value as soon as it was issued, in doing so it would make the Greek economy much more competitive.
NAVARRE, Ohio/WASHINGTON (Reuters) – The busy shop floor at Miller Weldmaster Corp could make a great location for an Obama campaign ad.
As workers assemble the family-owned company’s hot-air fabric welders, used to manufacture everything from inflatable rafts to truck tarps, it’s hard to know the recession of 2007-2009 ever happened.
NAVARRE, Ohio/WASHINGTON, May 17 (Reuters) – The busy shop
floor at Miller Weldmaster Corp could make a great location for
an Obama campaign ad.
As workers assemble the family-owned company’s hot-air
fabric welders, used to manufacture everything from inflatable
rafts to truck tarps, it’s hard to know the recession of
2007-2009 ever happened.
WASHINGTON (Reuters) – Despite quietly dropping the phrase “war on terror”, when it comes to battling worldwide militant networks the success of the United States and its allies goes well beyond the killing of Osama bin Laden.
With Britain deploying surface to air missiles, fighter jets and warships around London ahead of the Olympic Games, the threat of devastating attacks on Western nations has not gone away — and few believe it can ever be eliminated.
WASHINGTON (Reuters) – Former Liberian President Charles Taylor’s war crimes conviction may be seen in some quarters as a victory for global justice, but a backlash against costly, lengthy international tribunals is also underway.
Found guilty of aiding and abetting a host of crimes including murder, rape and torture as well as arming brutal Sierra Leonean rebels, Taylor became the first head of state to be convicted by an international tribunal since the Nuremberg Trials after World War Two. He will be sentenced on May 30.