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Cold War 2.0 : The Russians did it again over Cornwall

“ British RAF Typhoon fighter jets have been scrambled in response to two Russian Bear long-range bombers spotted off the coast of Cornwall, the Ministry of Defence (MoD) has said. The Russian bombers were in international airspace.” “ Thursday’s interception follows a similar event in January when two Russian Bear bombers flying close to UK airspace were intercepted by RAF Typhoons. The British fighter jets were scrambled from bases at Lossiemouth in Scotland and Coningsby in eastern England, according to the MoD.” “ The UK Foreign Office summoned the Russian ambassador to lodge a complaint about the flight of Russian military jets over the English Channel, which authorities claimed posed a danger to passenger aircraft. [...] Russia's Air Force spokesman said the air patrol flights were carried out according to an approved plan, and conducted in strict compliance with international regulations of the use of airspace above neutral waters, without v

Merkel discuss with Tsipras a European summit next week

globinfo freexchange According to some latest information about a telephone conversation between Angela Merkel and Alexis Tsipras, the German chancellor discussed with the Greek PM the possibility of a conduction of a European summit next week about the Greek issue. It is worth to notice that the Greek side stated that in case that the negotiations will head towards a dead end in eurogoup this week, the Greek government will ask for a European summit to discuss the Greek debt problem in the highest level. According to the information, Alexis Tsipras discussed this issue also with the Italian PM Matteo Renzi in a telephone conversation.  Smells like German retreat as the Greek side insist that the problem can be solved mostly politically, not only financially. 

India lifts ban on bank gold Imports: Gold can again be used as loan collateral

“ One week ago we reported that central bank purchases of gold in 2014 were the second highest in the past 50 years, driven by purchases out of Iraq, Kazakhstan and - most of all - Russia, with no offsetting selling. But what about other more conventional sources of demand? Take jewelry, which while very strong in the beginning of the century, dropped off after the Great Financial Crisis, and then tumbled again after India imposed numerous restrictions on gold imports, which however merely forced the local population to find novel ways of smuggling gold into the country.” “ In short, even with extended draconian measures created by India to prevent capital account outflows as a result of uncontrolled gold imports (which still take place only 'under the table'), a whopping 1000 tons of gold ended up in the form of gold trinkets in 2014 mostly in India, and to a lesser extend in China.” “ All of that is about to change: earlier today India's Economic Times re

India testfires nuclear-capable missile

“ India on Thursday successfully testfired its home-made, nuclear-capable Prithvi-II missile from a test range in the eastern state of Odisha, sources said. 'The surface-to-surface missile, which has a strike range of 350 km, was testfired from the Integrated Test Range in Chandipur as part of an user trial by the Indian Army. The testfiring at 9: 20 p.m. (local time) was successful,' the sources said.” “ The missile, which was inducted in 2003 after being developed by the Indian Defense Research and Development Organization, can carry nuclear warheads up to 1,000 kg.” “ The last testfiring of the missile was held in November 2014 and that was also successful, proving that the indigenous missile is now a proven technology, the sources said.” http://www.china.org.cn/world/2015-02/19/content_34858721.htm