How the world sees Greece
Austrians less willing to spend due to Greek... The borders between Greece and Turkey must close and the refugees caught trying to cross over into Europe should be sent back to Turkey, Austria’s Interior Minister Johanna Mikl-Leitner was reported as ...
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Sure, each nation has its own style. But some militaries have introduced dress uniforms so surprising, they’d stop you in your tracks if you saw them in person. 1. FRENCH FOREIGN LEGION PIONEERS [French Foreign Legion Sapper]Davric/Wikimedia Commons This engineering unit works like America’s sappers, clearing the way through enemy obstacles so other forces can attack behind them. In their dress uniforms, the pioneers carry ceremonial axes and wear large, leather aprons. 2. GREEK EVZONES [Greek Evsones]Davric/Wikimedia Commons These light infantry soldiers are a primarily ceremonial unit whose members are pulled from the standard army’s infantry, artillery, and armored corps. The uniform they wear harkens back to the klephts, anti-Ottoman insurgents who fought for Greek independence from the 1400s to 1800s. 3. INDIA BORDER SECURITY FORCE [India Border Security Force]Davric/Wikimedia Commons Formed in response to a failure by the State Armed Police to prevent incursions by Pakistan during the Indo-Pakistani War of 1965, this young force has grown from a few battalions to over 186 battalions in its 50 years. The headdress is surprising to many visitors to the country, but it’s a common uniform item in the Indian military. Like the U.S. military’s berets, different colors and patterns of headdress indicate different units. 4. INDIA BORDER SECURITY FORCE, CAMEL CONTINGENT [India Border Security Force Camels]Davric/Wikimedia Commons India’s BSF is tasked with guarding a desert border with Pakistan, and so they have camel units which operate in sensitive areas. The camel contingent wears a separate uniform from the rest of the BSF and bedecks its camels in colorful harnesses. 5. FIJI’S PRESIDENTIAL GUARD [Fiji Palace Guard]Davric/Wikimedia Commons The sulu is a skirt that is part of Fiji’s national dress, but it can still be surprising for tourists the first time they see ceremonial guards wearing it. 6. MONGOLIAN ARMY [Mongolian Traditional]Davric/Wikimedia Commons The uniforms are meant to harken back to the days of the Mongol Empire, as is the white staff with yak hair. The staffs are called tug banners and are white during times of peace, black during times of war. Large processions like this are typically done before Nadaam, the Mongolian independence celebration. 7. SOUTH KOREAN ROYAL GUARD [South Korean royal guard]Davric/Wikimedia Commons In 1996, the guards at the main palace of South Korea, Gyeongbokgung, reenacted the changing of the guard conducted during ancient times. The display was popular, so the guard unit protecting the palace has conducted the ceremony for tourists ever since, continuing to wear traditional clothing and carrying traditional weapons throughout the ceremony and their guard shift. 8. THE VATICAN SWISS GUARD [Swiss guard]Davric/Wikimedia Commons The famed guards of the Vatican are partially known for their bright uniforms. Each uniform weighs 8 pounds and consists of 154 pieces before you count both the traditional and modern weaponry they carry. The uniform was redesigned in 1914, but it was created to match the uniforms the unit wore in the 1500s when they were formed. NOW WATCH: Watch these giant container ships collide near the Suez Canal
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Little Greek Fresh Grill is growing a bigger presence in Central Florida. The Tampa-based fast-casual Greek restaurant chain will open new locations this spring in Kissimmee and in Celebration, the restaurant announced Feb. 8. Little Greek Fresh Grill will ...
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Mass protests, political uncertainty, and delays in the review of the new bailout program sent the country’s stock market tumbling below 465 points today. Waves of liquidation led to General Index losses of 7.17%, with the banking index recording losses ...
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[middle age reenactment] Here is what you need to know. EUROPEAN STOCKS ARE GETTING SMOKED. Heavy selling has European stock markets under pressure. Greece's ASX is down 5.7%. Financials are being hit especially hard, off 20%. Other European markets are lower, with Germany's DAX weaker by 2.4%. In the US, S&P 500 futures are down 21.25 points at 1,854.00. BOND YIELDS ARE RISING IN EUROPE. A 33-basis-point spike (prices fall when yields rise) has Greece's 10-year yield up to 9.66% and flirting with its highest levels since August. The selling has spread into the rest of peripheral Europe, with Portugal's 10-year yield higher by 14 basis points at 3.25% and at a level last seen in November 2014. The 10-year yields of Italy and Spain are each up 5 basis points at 1.60% and 1.69%. THERE'S A FLIGHT TO SAFETY INTO GERMAN DEBT. Safe-haven buying has pushed the German two-year yield to a record-low -51.4 basis points. Elsewhere along the curve, Germany's 10-year yield is down 4.3 basis points at 25.1 but still has some ways to go before reaching the record low of 7.3 set in April. DEUTSCHE BANK'S CDS IS SURGING. Shares of Deutsche Bank are down 3.3% in Frankfurt and at a record low. The cost of insuring Deutsche Bank's debt is also surging. After beginning 2016 at about 95 basis points, Deutsche Bank's credit default swap spread has surged to 207 basis points on Monday, hitting its highest level since July 2012. MARKETS ACROSS MUCH OF ASIA WERE CLOSED. Overnight, Japan's Nikkei (+1.1%) and Australia's ASX (unchanged) were the only major averages open. The rest of the region was closed in celebration of the Lunar New Year. Markets in China are closed for the entire week as the country brings in the Year of the Monkey. CHINA'S CURRENCY RESERVES ARE SHRINKING. China's foreign-exchange reserves fell by $99.5 billion in January to $3.23 trillion. The total was above the $3.2 trillion that was expected by a Reuters poll. Rajiv Biswas, Asia-Pacific chief economist for IHS Global Insight, told Business Insider in an emailed statement, "In such a downside risk scenario where the PBOC capitulates due to further rapid erosion of FX reserves and there is significant further yuan devaluation, this could also cause shocks in China's corporate debt markets, as Chinese non-bank borrowers hold a large amount of USD debt, estimated at USD 1.2 trillion in mid-2015." RUSSIA IS RETURNING TO THE BOND MARKET. Both Bloomberg and FT are reporting that Russia has asked 25 banks from nine countries to tender for its first bonds issue since September 2013. The West imposed sanctions on Russia, locking it out of the bond market, after Russian forces entered Ukraine; Russia annexed the Crimean peninsula in 2014. Russia has also considered partial privatization of some of its biggest state-owned companies as a way to raise cash. OIL COMPANIES ARE BEING FORCED TO SLASH THEIR BUDGETS. The prolonged oil slump has already caused numerous US shale companies to cut their 2016 budgets for a second time. Reuters reports that 18 of 30 US shale companies have released their 2016 budgets, and on average they are reducing spending by 40%. Last year these companies reduced spending by 70%, according to Reuters analysis. EARNINGS REPORTS CONTINUE TO FLOW. CNA Financial, Cognizant Technology, Hasbro, and Loews are among the names reporting ahead of the opening bell. 21st Century Fox and Yelp highlight the names releasing their quarterly results after markets close. ECONOMIC DATA IS ABSENT. This week is relatively slow for data. Data begins to flow Tuesday with the release of wholesale inventories. Wednesday's semiannual Humphrey Hawkins testimony by Fed Chair Janet Yellen will garner attention. The US 10-year yield is lower by 2 basis points at 1.81%. Join the conversation about this story » NOW WATCH: We did a blind taste test of Pizza Hut, Domino's, and Papa John's pizza — here's the verdict
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Worries over the world economy have sent global stock markets tumbling again * 3.00 pm update: FTSE 100 down 143 points, or 2.4% * European markets hit by growth fears * Greek stock market plunges * Oil falling again * Global economy ‘on the brink’ as investor sentiment shrinks * Deutsche Bank being hit hard 4.16pm GMT The way Deutsche Bank $DB is trading, Germany will soon be asking Greece for a bailout... 4.08pm GMT With China’s markets closed for the new year holiday, it is a worrying sign that share prices elsewhere continue to tumble, says Chris Beauchamp, senior market analyst at IG: The selling that began this morning has gathered pace across the globe this afternoon, as the US joins in the one-way move. Chinese investors will feel relieved that their market has taken the week off, but the absence of the volatility provided by Shanghai sends a worrying message – investors in the US and Europe are worried by many things, not least the current interest rate outlook in the US. Recent surveys of fund managers may indicate rising cash balances, but so far these appear to be remaining on the side lines, pulling the rug from under what remains of this bull market. Banking shares across Europe buckled under the pressure of global growth concerns in concert with the ugly spectre of negative interest rates. Weak earnings from European banks, notably that of Deutsche Bank have seen investors significantly reassess the chance of an earnings turnaround after years of regulatory fines for past misdeeds. The disappointing earnings across the sector from the big US firms to Credit Suisse whose chief executive asked to have his bonus cut by as much as 50% is refocusing investor attention on bad loan books which have not been addressed since the European crisis. In the days after Deutsche Bank issued a surprise profit warning, credit default swap spreads ballooned as investors started to question the bank’s ability to fund itself. The CDS jump has caused a sharp drop in Deutsche Bank shares. Continue reading...
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Tirana, 8 February 2016/Independent Balkan News Agency The Albanian government will look into the possibility of establishing joint businesses in the domain of agriculture especially on the border with Greece. This was declared by minister of Agriculture, Edmond Panariti during a meeting held in his office with the governor of the Region of Epirus, Aleksandros […]
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