World news: Drones enjoy powerful political backing, IMF says Fe...

 
 
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Wednesday October 09 2013
 
 
World News
 
Drones enjoy powerful political backing
 
With the help of the powerful drone lobby, sales of unmanned defence systems have filled some of the gap left by US aerospace cuts made a decade ago
 
 
 
IMF says Fed taper risks $2.3tn hit to bonds
 
 
Warm welcome to Yellen nomination
 
 
Gaza gas project poised for approval
 
 
India moves to internationalise rupee
 
 
S Korea pays heavy price for education
 
 
OECD adds climate scores to surveys
 
 
Nobel Prize for experiments in cyberspace
 
 
Tea Party unmoved by US default threat
 
 
Maduro seeks to rule Venezuela by decree
 
 
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The World
 
Smart Reads October 9, 2013
 

♦ The value of the drone market has soared to more than $5bn in just a few years, helped by Pentagon and CIA reliance. However, privacy worries are threatening the burgeoning domestic market.
♦ The fourth-largest auction house in the world is run by Wang Yannan, the daughter of former Chinese leader Zhao Ziyang and child of the cultural revolution. Its success has come from Chinese collectors and investors seeking art that might have destroyed lives during the cultural revolution.
♦ The “Death to America” slogan has been a feature of public life in Iran for more than three decades, but Hassan Rouhani’s push for moderation has prompted calls for the slogan to be dropped.
♦ Some Republicans are sceptical that a default would actually be a catastrophe for the US.
♦ David Gardner thinks Bashar al-Assad’s diplomatic luck could run out as the “killing machine grinds forward”.
♦ Islamists entering Syria are starting to prefer transit towns, with good food and video games, to the fighting front.
♦ Gulf states are going to test people to “detect” homosexuals entering their countries.

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