Finance ministers over the weekend agreed to lend a hand to Spain — up to $125 billion, specifically — to save it from collapse. Before this move, there was widespread fear that Spain's banking crisis could have a devastating impact on the global economy. But is the nightmare over?
The attempt to reel in departmental spending on things like hotel space and foreign travel may seem like window dressing, but voters see government largesse as a right. Analysts say the efforts are unlikely to make much of a dent in India's $91 billion deficit.
The Israeli court upheld a government plan to deport South Sudanese illegally living in the country. Human rights groups say the government isn't differentiating between economic migrants and genuine asylum-seekers.
Moammar Gadhafi dominated the country for decades, and replacing his idiosyncratic rule is still a work in progress. It involves everything from removing exhibits at the national museum to revamping the way the oil industry is run.
Restaurants and caterers will perform their own feats of strength and endurance when the Summer Olympics get started in London next month. They'll serve about 14 million meals, but critics are already panning the menu.
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