News of Prince William’s engagement to Kate Middleton was quite a breath of fresh air at a time of austerity. Although this royal engagement and wedding comes at a very difficult time, it is a welcome announcement that will have profound repercussions not only on the Royal Family, but also on the City of London.
Life in the countries of Europe is becoming far less original that it used to be. This is due to globalisation that is leading to the gradual disappearance of differences in lifestyle among the numerous European peoples.
On 31 May, the same day as the Israeli raid on a Gaza-bound aid flotilla that killed nine Turkish citizens, the Kurdish Workers’ Party (PKK) carried out a rocket attack on a military vehicle near the Iskenderun Naval Base, killing seven Turkish sailors and injuring six others. This coincidence and the fact that it was not a conventional PKK attack, taking place outside its traditional area of operation, raised strong suspicions that the two incidents were related.
It has been a curious few months for Northern Ireland’s second largest city. Recent events have awkwardly highlighted past hurt, present hopes and future dangers; spotlighting the turbulent journey Northern Ireland has travelled since the 1998 Good Friday Agreement.
The war NATO is fighting in Afghanistan is a war of necessity and not of choice. In today’s world, globalization has rendered physical boundaries useless, making our safety dependant on the stability of faraway places.
On 12 September 2010, the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, announced an agreement on a new set of rules to govern capital requirements for global banks.