Police raid German president’s ex-advisor’s house

Police have raided the home of President Christian Wulff’s former spokesman Olaf Glaeseker as well as the offices of an event manager who was closely connected to the president when he was state premier of Lower Saxony.  Investigators looking at corruption allegations against the two men raided Glaeseker’s house near the Lower Saxony capital of Hannover as well as Manfred Schmidt’s offices in Berlin and Switzerland, removing computers... [more]

Rick Perry to drop out of presidential race, US media report

Texas Gov. Rick Perry plans to announce an end to his presidential campaign Thursday, Yahoo News has confirmed. The announcement was first reported by CNN. Perry will make the announcement at a press conference in Charleston, South Carolina at 11 a.m. and will endorse former House Speaker Newt Gingrich, Politico reports. Perry, who was at the top of the polls when he first announced his candidacy last summer, placed a disappointing fifth... [more]

France shrugs off downgrade with successful bond sale

France and Spain successfully raised funds at lower rates on the markets despite a raft of eurozone credit downgrades, while Greece got the prospect of more rescue loans from the IMF. In their first bond auctions since Standard & Poor’s downgraded their credit ratings last week, both Paris and Madrid demonstrated they can still borrow at affordable rates. Despite S&P having dropped Spain’s rating two notches from AA-... [more]

Murdoch company settles for $200,000 with Jude Law

Rupert Murdoch’s British newspaper companyhas agreed to pay actor Jude Law 130,000 pounds (about $200,000) to settle claims against the News of the World and The Sun tabloids. News Group Newspapers accepted that 16 articles about Law published in the now-defunct News of the World tabloid between 2003 and 2006 had been obtained by phone hacking, and that the actor had also been placed under “repeated and sustained physical... [more]

Romanian riots reveal growing gloom in region

Romanian cities are gripped by the worst street violence in over a decade. Slovaks seem poised to re-elect a confrontational and divisive populist. Hungary alarms the European Union with laws that erode democratic rights. In former Soviet bloc nations now part of the EU, frustration is mounting due to economic stagnation and worrisome governance, encouraging street protests and unpredictability that could further jeopardize growth... [more]

IMF seeks $600 billion in new funds, G20 to discuss

The IMF is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the plan faces roadblocks from the United States and other countries. The United States and Canada said on Wednesday Europe must put up more of its own money to resolve its sovereign debt crisis, raising doubts G20 talks in Mexico this week can lay the ground for a deal... [more]

Speak Dutch to get social welfare in Holland

The larger of the two parties in the minority coalition, the conservative VVD, has said that only people who speak Dutch should be eligible for social welfare assistance. MP Cora van Nieuwenhuizen hopes to adopt a proposal from the governing VVD into legislation from 1 January 2013, Dutch newspaper de Volkskrant reports. The VVD announced in 2010 that it intended reforming the social welfare system. It can rely on support from its smaller... [more]

Pakistan wants answers on Norwegian agents

Norway’s ambassador in Islamabad has been summoned to a meeting with Pakistani authorities after outgoing domestic security chief Janne Kristiansen said Norway has intelligence agents posted in Pakistan. The meeting was set to take place at 12pm on Thursday, newspaper Aftenposten reports. Kristiansen resigned on Wednesday night after coming under fire for a presumed breach of confidentiality when she exposed details of Norway’s... [more]

Norway Intelligence chief resigns over secrecy blunder

Janne Kristiansen, the head of Norway’s domestic intelligence service, has resigned over an alleged breach of confidentiality after she told parliament that Norway had agents operating in Pakistan. Kristiansen, who took over as chief of the Police Security Service (PTS) in 2009, informed Justice Minister Grete Faremo (Labour Party) of her decision on Wednesday night. Speaking on Wednesday at an open parliamentary hearing on the July 22nd... [more]

Job summit ends with €429 spending commitment in France

A four-hour crisis jobs summit chaired by President Nicolas Sarkozy on Wednesday ended with a series of measures as well as plenty of criticism. The summit, held as France’s unemployment remains stubbornly at twelve-year highs, brought together union leaders, business representatives and ministers. “The gravity of the crisis obliges us to make decisions,” Sarkozy told them, according to a text provided by his office. A... [more]

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