Negative interest rates put world on course for biggest mass default in history

With the advent of European Central Bank quantitative easing, what began four months ago when 10-year Swiss yields turned negative for the first time has snowballed into a veritable avalanche of negative rates across European government bond markets. In the hunt for apparently “safe assets”, investors have thrown caution to the wind, and collectively determined to pay governments for the privilege of lending to them.

Massive Earthquake Hits Nepal

Nearly 1,000 are known to have died in a powerful earthquake in Nepal, with many more feared trapped under rubble.

Syria’s Civil War Is Reaching Tipping Point

Rebels led by the Al-Nusra Front have launched a blistering three-pronged offensive aimed at consolidating their Idlib victory and rolling back the regime in northwest Syria.

US Official: Iranian Ships Moving Away from Yemen

A U.S. military official said Thursday Iranian cargo ships which may be carrying weapons for Houthi rebels in war-torn Yemen are moving away from that country, VOA News reported.

Declassified: Iran ‘At Most’ 2-3 Months from Bomb

The Obama administration says Iran is “at most” two to three months away from enriching enough nuclear fuel for an atomic bomb, an estimate that’s been known for years but kept classified until now.

Iranian Warships Arrive Near Yemen

A fleet of Iranian warships arrived near the southern coast of Yemen on Wednesday in a move likely to add greater tension in a developing U.S.-Iranian standoff in the region, according Iranian military leaders.

Iran Marks Army Day with Chants of ‘Death to America, Death to Israel’

Iran on Saturday marked Army Day with a military parade featuring new weapons systems, as well as a truck carrying a massive banner reading “Death to Israel”. The televised broadcast of the parade was punctuated by repeated cries of “Death to America” and “Death to Israel”, the Times of Israel reported.

Secret Files Reveal the Structure of Islamic State

Samir Abd Muhammad al-Khlifawi was the real name of the Iraqi, former colonel in the intelligence service of Saddam Hussein’s air defense force had been secretly pulling the strings at IS for years until his death. DER SPIEGEL recovered the blueprint for the Islamic State from al-Khlifawi’s files details how the terrorist organization infiltrated, and took control of large parts of Syria and Iraq.

Al Qaida Consolidating Power in Yemen

Al-Qaida’s branch in Yemen consolidated control over much of the country’s largest province on Thursday, capturing a major airport, an oil terminal and the area’s main military base, and striking an alliance with local tribal leaders to administer the region.

Obama holds historic meeting with Cuba’s Castro

President Obama held a historic formal meeting with Cuban President Raul Castro Saturday, the first between US and Cuban leaders in over half a century, pledging to ‘turn the page’ and develop a new relationship between the two countries.

Obama: In future, Iran could build nuclear bomb almost immediately

U.S. President Barack Obama is persisting with his effort to rally support for the framework nuclear agreement reached between six world powers and Iran last week, but on Tuesday he admitted that Iran could have the capability to build a nuclear bomb almost immediately after the first 13 years of the deal, if it is finalized.

Kenya says it destroys two al Shabaab camps in Somalia

The Kenyan air force has destroyed two al Shabaab camps in Somalia, it said on Monday, in the first major military response since the Islamist group massacred students at a Kenyan university last week, Reuters reported.

Netanyahu: Iran’s Development of ICBMs Aim at US, Not Israel (Video)

Prime Minister Benjamin Netanyahu warned Sunday that the political framework for a nuclear deal with Iran reached Thursday in Switzerland would keep Tehran’s vast nuclear program in place, and that its inter-continental ballistic missile system (ICBM) — an issue not addressed in the deal — was more of a threat to the US than to Israel.

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