The dollar’s position as the world’s leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said. A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the […]
By: Kenneth R. Timmerman Thursday’s meeting in Geneva between the great powers and Iran delivered a big win for Iran, whose President Mahmoud Ahmadinejad could go to bed that night once again truly believing “America can do nothing” — a phrase his mentor, Islamic revolutionary leader Ayatollah Ruhollah Khomeini, loved to repeat. The buildup on […]
By: Kenneth R. Timmerman As Undersecretary of State William Burns prepares to sit down with Iranian officials in Europe, the ranking Republican on the House Intelligence Committee expect no breakthroughs to come out of this latest round of talks with Iran. “The president thought he was going to change a lot of things simply by […]
The State Department last week successfully convinced the U.N. Human Rights Council (HRC) to defer a vote on the Goldstone Report, which accuses Israel of war crimes for defending itself against Hamas rocket attacks. The HRC’s vote could have led to the United Nations taking punitive action against Israel. Top State Department officials noted that […]
ISLAMABAD | Taliban Islamic militants claimed responsibility Tuesday for the deadly suicide bombing at the U.N. food agency’s heavily fortified compound in Islamabad, saying international relief work in Pakistan was not in “the interest of Muslims.” The attack, which killed five workers for the World Food Program on Monday, pushed the U.N. to temporarily close […]
Iran has the know-how to produce a nuclear bomb and may already have tested a detonation system small enough to fit into the warhead of a medium-range missile, according to confidential papers. The “secret annexe” to this year’s International Atomic Energy Agency (IAEA) report on Iran summarises information submitted by intelligence agencies about the country’s […]
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President Barack Obama faces the sternest test of his international leadership this week when he attends the United Nations and chairs a G20 summit, amid growing doubts about his grandiose vision for US foreign policy. When he addresses the 64th UN General Assembly, which opens tomorrow, Mr Obama will tell his global audience that “everybody […]
The urgency of dealing with the Iranian nuclear threat was underscored today when a leaked report revealed that the UN inspection agency believes the Islamic republic has “sufficient information” to make a nuclear weapon and has “probably tested” a key component. A day after Barack Obama scrapped plans to deploy missile defence technology in eastern […]
