crisis

After the devaluation of the yuan, the international financial markets started trembling. Washington accused Peking of taking advantage of the market. As China wants to incorporate the yuan into the Special Drawing Rights, it is inconvenient to prolong the devaluation. Furthermore, if a currency war broke out, China would risk increasing the economic and geopolitical tensions between countries in the Asian-Pacific region. That way, the United States would have more possibilities to disrupt regional co-operation initiatives and thereby undermine China’s rise as a world power.

Brazilian President Dilma Rousseff, acknowledged today that there is an "economic problem" in the country, although she hopes that the recovery will come later this year thanks to fiscal adjustments, made by the government.

"Without a shadow of doubt, there is an economic problem in the country. We had a very difficult economic situation," said Rousseff during a meeting with bloggers and journalists from several Brazilian news portals.

The European Commissioner for Justice, Vera Jourova, estimates that between 5,000 and 6,000 Europeans have gone to Syria to join jihadist groups, and even admits that these figures could be "highly underestimated".

Of these, 1,450 have left France, Jourova explains in an interview published by the French newspaper "Le Figaro", which justifies the relevance for the European Union to establish judicial cooperation agreements with third countries.

Although there are bilateral agreements between EU countries and others such as Morocco, Tunisia, Turkey and Egypt.

The UN Special Rapporteur on the human rights of internally displaced persons, Chaloka Beyani, today urged the international community “to prepare for massive displacement and humanitarian crisis as conflict torn Yemen further descends into chaos and civilians flee the fighting.”

Defence secretary expected to announce reinforcements of troops and equipment after Argentina said to be buying long-range bombers from Russia

Britain is to “beef up” the defence of the Falkland Islands the government has confirmed, amid reports of an increased risk of invasion by Argentina.

The defence secretary, Michael Fallon, is expected to announce reinforcements of troops and equipment in parliament later on Tuesday after a defence ministry review suggested an attack on the south Atlantic archipelago was more likely.

The Secretary General of the United Nations (UN), Ban Ki-moon said today that 8400 million dollars are needed to meet the humanitarian needs in Syria.

During the Third International Donors Conference for this Arab country, held in Kuwait with the participation of 67 countries and numerous humanitarian organizations, Ban Ki-moon warned that "the Syrians are victims of the worst humanitarian crisis of our time".

Deputy Secretary General of the UN, Jan Eliasson, warned that the world is experiencing a "crisis of employment" with the youth as the main victim and warned of the consequences of failing to address that problem.

"It is essential to do more to create jobs for young people. Their frustration is understandable and undermines the belief in government and national institutions," Eliasson said in a speech to the United Nations Economic and Social Council (ECOSOC).

More than three million Venezuelans have signed up against a decree of the President of the United States (US), Barack Obama, which sees Venezuela as "a threat," said leader of the United Socialist Party of Venezuela (PSUV) and mayor of the Libertador municipality of Caracas Jorge Rodriguez.

Faced with the collapse of the Ukrainian economy, the West only offers promises, says US expert.

"We have lost a quarter of the national economy," said Yatseniuk at a meeting with governors.

He further stated that hundreds of companies had to close, although Ukraine has collected more in taxes this year than in 2014 and there were no delays in social payments.

Not exactly known for truthfulness, U.S. neocons have been trying to reassure the American people that sinking a negotiated deal with Iran to limit its nuclear program would be a painless proposition, but at least one prominent neocon, Joshua Muravchik, acknowledges that the alternative will be war – and he likes the idea.