Europe

An economic expert has warned that the European Union is on the brink of breaking up, thus ending the entire European project.  Ian Williams, an economist from New York, told Press TV what he thought of a warning made by European Council President Donald Tusk on the imminent collapse of Europe. Presstv.ir reports: Press TV: Tusk says that European leaders failed to notice that ordinary people, the citizens of Europe, do not share their Euro-enthusiasm. And he also said instead, the masses are pushing towards more of a ‘Euro-skepticism’, your thoughts as to why?

Back in mid-April, when Iran was desperate to start exporting the millions of barrels it was pumping each day out of the ground, it found it has an unexpected problem: not only did it not have enough spare tankers, but few if any shipping companies were willing to move the cargo.

There were two key reasons for this.

A decade ago, futurist Daniel Bodanis said his “dangerous idea” is that the “hyper-Islamicist” critique of the West as a spent and declining force is true. Excerpt:

With the plunge in rate-hike odds and fears over Brexit, it appears the safety of global developed market bonds is sought after as Bloomberg's Developed World Bond yield slumps to just 62bps - a record low. Yields are moving opposite to what economist expected (and have been expecting since the fall of 2011 when Ben Bernanke broke the capital markets).

Record low global bond yields...

The USS Porter has entered the Black Sea in what the Sixth Fleet says is a routine deployment to help promote peace and stability. However, the US Navy destroyer has just been outfitted with a new missile system due to what the Navy called a “Russian threat.” RT reports: Turkish observers spotted the Porter sailing through the Bosporus on Monday, the first US Navy ship to enter the Black Sea this year.