Reuters

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China Set To Establish No-Fly Zone Over Islands After Successful Test Flight





"The next step will be, once they've tested it with several flights, they will bring down some of their fighter air power - SU-27s and SU-33's - and they will station them there permanently. That's what they're likely to do."

 
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Islamic State's New "Jihadi John" Was Bouncy Castle Salesman, Nirvana Fan, Aspiring Dentist





"He stopped studying and rented bouncy castles for children's parties while supporting banned militant group Al-Muhajiroun and running 'roadshows' aimed at attracting troubled youngsters in inner-cities"...

 
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Brave New World of Bank Bail-Ins As Of January 1st





EU countries join the UK, the U.S., Canada, Australia and New Zealand in having plans for bail-ins in the event of banks and other large financial institutions getting into difficulty.

 
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"It's Time For You To Leave": Oregon Sheriff Demands Militiamen "Peacefully" Depart





"You said you were here to help the citizens of Harney County. It is time for you to leave our community, go home to your families, and end this peacefully,”

 
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Frontrunning: January 5





  • Global share market settles after stormy start to year (Reuters)
  • Stocks Extend Losses as Yen, Gold Rise on Lingering China Unease (BBG)
  • China battles to shore up stocks, yuan after globe-shaking slide (Reuters)
  • Volkswagen faces billions in penalties as U.S. sues for environment violations (Reuters)
  • Obama tightens gun rules, requires more background checks (Reuters)
 
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Stocks Resume Rout After Massive Chinese Intervention Fails To Lift Shanghai, Calm Traders





After yesterday's historic -6.9% rout in the Shanghai Composite, which saw the first new marketwide circuit breaker trading halt applied to Chinese stocks (on its first day of operation), many were wondering if the Chinese government would intervene in both the once again imploding stock market, as well as China's plunging and rapidly devaluing currency. And, after the SHCOMP opened down -3%, the government did not disappoint and promptly intervened in both the Yuan as well as the stock market, however with very mixed results which global stocks took a sign that the "national team" is no longer focused solely on stocks, and have resumed selling for a second consecutive day. 

 
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Iraq Says Mosque Bombings Were False Flag ISIS Attacks





When a pair of Sunni mosques were bombed in Iraq on Sunday, the assumption was that the attacks were carried out by angry Shiites protesting the execution of Sheikh Nimr al-Nimr. Iraqi officials on the other hand, blame ISIS. If Islamic State is behind the attacks, the question becomes this: were they instructed to carry out the bombings by a handler or a benefactor with a hidden agenda?

 
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Saudi Arabia Bans Flights, Travel To Iran





This morning, the headlines surrounding what's quickly mushroomed into a Mid-East melee are coming fast and furious and in the latest escalation, the Saudi foreign ministry says the kingdom will now cut all commercial ties with Iran.

 
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Mid-East Melee: Sectarian Showdown Looms As Bahrain Cuts Ties With Iran, UAE Recalls Ambassador





What began with the execution of a prominent Shiite cleric in Saudi Arabia has devolved into a full blown sectarian showdown with Bahrain cutting diplomatic ties with Iran, the UAE recalling its ambassador, Sudan expelling the Iranian mission, and Iraqi Shiites attacking Sunni mosques. In short: tinder box meet spark.

 
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Frontrunning: January 4





  • China stocks tank, triggers circuit breaker (Reuters)
  • Stocks Slump Across Europe and Asia Following Shanghai's 7% Crash (BBG)
  • China Halts Stock Trading After 7% Rout Triggers Circuit Breaker (BBG)
  • Iran says Riyadh thrives on tension after relations cut (Reuters)
  • Saudis and Bahrain Face Off With Iran in Worst Clash Since 1980s (BBG)
  • Syrian rebel group backs Saudi move to cut ties with Iran (Reuters)
 
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It's On: Saudi Arabia Severs Diplomatic Ties With Iran, "Does Not Care" If It Has Angered White House





Earlier today, as Iranian police struggled to disperse protesters gathered outside the Saudi consulate in Mashhad, we said that Saudi Arabia and Iran may be on the verge of a historic diplomatic crisis after demonstrators burned the Saudi embassy in Tehran on Saturday evening. Sure enough, just hours later, Saudi Foreign Minister Adel Al-Ahmad Al-Jubeir announced that Riyadh has cut diplomatic ties with Tehran

 
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Saudi Arabia "Doesn't Care" If White House Angered As US Urges 'Ally' To Ease Tensions





"We believe that diplomatic engagement and direct conversations remain essential in working through differences and we will continue to urge leaders across the region to take affirmative steps to calm tensions," US officials said on Sunday on the heels of Saudi Arabia's decision to cut diplomatic ties with Iran following the execution of a prominent Shiite cleric and the firebombing of the Saudi embassy in Tehran. The response from Riyadh: "enough is enough."

 
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"Divine Vengeance Will Befall Saudi Arabia," Iran Warns, As Global Outcry Over Execution Grows





The flames of sectarian violence have been thorougly fanned in the Mid-East after Saudi Arabia killed a prominent Shiite cleric in the largest mass execution carried out by Riyadh in a quarter century. As protesters torched the Saudi embassy in Tehran, the Ayatollah warned that "the Almighty God shall not ignore the innocents’ blood and the unjustly spilled blood will backfire on the politicians and the executives of this regime very quickly."

 
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Saudi Arabia Carries Out Largest Mass Execution In 25 Years After Beheadings Soar In 2015





Saudi Arabia - that Western-backed bastion of human rights - executed 47 people on Saturday, including a top Shiite cleric whose death sparked protests in Eastern Province and inflamed sectarian tensions across the region.

 
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