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Showing posts from October, 2013

US drones in Pakistan may be war crime !

Lawyers for Pakistani man whose father was killed by drone strike seek to have sharing of UK intelligence declared unlawful. The British government's support for US drone operations over Pakistan may involve acts of assisting murder or even war crimes, the high court heard on Tuesday.

In the first serious legal challenge in the English courts to the drones campaign, lawyers for a young Pakistani man whose father was killed by a strike from an unmanned aircraft are seeking to have the sharing of UK locational intelligence declared unlawful.

Noor Khan, 27, is said to live in constant fear of a repeat of the attack in North Waziristan in March last year that killed more than 40 other people, who are said to have gathered to discuss a local mining dispute.

The British government has declined to state whether or not its signals intelligence agency GCHQ passes information in support of the CIA drone operations over Pakistan, although the court heard that media reports suggest that it d…

US shutdown: what does it mean for markets and the global economy?

How have financial markets reacted to news of the shutdown? US markets were closed by the time the formal notices started going out late on Monday night ordering government agencies to suspend their activities – the so-called shutdown.
But on international markets overnight and on Tuesday morning, the dollar has lost around half a percent of its value, pushing the pound up to $1.6238 – the highest level since 3 January 2013. The euro has risen to $1.357, the highest level since early February.
However, international stock markets were largely unmoved by the crisis – French and German shares, for example, were up around 0.5% – with most investors expecting the shutdown to be short-lived, and the impact largely confined to the US.
Some analysts said investors may also be reasoning that the crisis could delay the so-called "tapering" of the Federal Reserve's recession-busting policy of quantitative easing, which helps inflate share prices by pumping cheap money i…