- Beijing Is Caught In A 'Trap' Over Dollar
Despite expecting the dollar to continue falling, China is still buying records amounts of U.S. bonds. Financial Times said that China might be caught in a dollar trap.
- World Economy Stabilizing: Krugman
Paul Krugman believes that industrialized economies may see growth by the end of the year, reported Reuters. "In some sense we may be past the worst but there is a big difference between stabilizing and actually making up the lost ground," Krugman said.
- U.S. Jobless Rate Likely To Pass Europe's
Unemployment in U.S. may surpass that of Western Europe, reported The New York Times. The U.S. unemployment rate of 8.5%, in March, matched that of 15 European Union members.
- Iran Sends Warships To Gulf Of Aden- Navy
Iran has moved six warships to international waters including the Gulf of Aden. Reuters reported Iranian Admiral Sayyari as saying that the move "is indicative of the country's high military capability in confronting any foreign threat on the country's shores."
- World Outraged By North Korea's Latest Nuke Test
The UN Security Council met on Monday to discuss a response to North Korea's latest nuclear test, reported CNN. The White House said, "North Korea is directly and recklessly challenging the international community."
