Weekday News Wrap: Tuesday, May 22, 2012
- Iraq is buying US-made drones in order to carry out surveillance over their oil fields.
- After a suicide bomber kills 90 people in Yemen, al-Qaeda vows more attacks until the US-backed campaign against militants stops.
- The US is apparently weighing their stance on secrecy of the drone program employed to carry out targeted killings, according to the Wall Street Journal.
- Former dictator of Guatemala, Efrain Rios Montt, will face a second genocide trial after a judge ordered he could be prosecuted for ordering a 1982 massacre that killed 201 people.
- As our own Kevin Jon Heller pointed out, Libya’s Abdullah al-Senussi has been indicted in Mauritania.
- Reuters reports that for the first time in history, the US Treasury is dealing directly with a foreign nation as China has been allowed to bypass Wall Street and go directly to the source to buy US debt.
- At least 12 Colombian soldiers have been killed during an ambush by FARC before the rebel group retreated across the border into Venezuela.
- In order to improve working conditions for crews and monitors, New Zealand is banning foreign-flagged fishing vessels within its waters; New Zealand has the fifth-largest exclusive economic zone in the world.
- Reuters has an analysis of what lies ahead for NATO with the end of operations in Afghanistan looming. The US Ambassador to NATO has said that the alliance has no plans for a military intervention in Syria.
- The NY Times Magazine has a column on The Syria Paradox, offering an explanation why the structure of the Syrian economy prevents the formation of a coalition against Assad.
- Reuters has an Insight on the EU’s Foreign Policy Chief Catherine Ashton, and her work outside the limelight.
- Australia and Malaysia have signed a Free Trade Agreement, Australia’s ABC News reports.
- The WSJ has reported on a few details emerging in the Chinese media on the Chinese fishermen who were held hostage by North Korea.
- In a twice-yearly report on the economic outlook, the OECD warns about the risks of eurozone spillovers to the global economic recovery. The IMF has, in its report on the UK, warned the UK about the threats to its recovery if the eurozone crisis escalates.
- Foreign Policy talks about the future of the eurozone and describes current problems as “Europe’s Big Fat Greek Heart Attack.”