CANADA

Severe Solar Storms Could Disrupt Earth This Decade: NOAA

Spectacular Photos of Solar Flares Detected by NASA
The National Oceanic and Atmospheric Administration, a federal agency that focuses on the condition of the oceans and atmosphere, said that a severe solar storm could cause global chaos, wreck satellite communications and take down the most important power grids in the world for a period of years.
Silvio Berlusconi

ECB backs Italy, Spain as policymakers pledge action

The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.
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President Barack Obama speaks in a prime-time address to the nation from the East Room of the White House in Washington

S&P Justifies US Downgrade, Says More Action Could Follow

Rating agency standard & Poor's has staunchly defended the decision to downgrade the creditworthiness of the U.S. government and warned that further action was possible. "The debacle over the debt ceiling continued until almost the midnight hour," S&P's Sovereign Ratings Committee Chairman John Chambers said.
Solar Storm

Solar Storm Watch: Could This be Armageddon?

Solar storms are brewing some 93 million miles away, and if one of them hits Earth, it has the potential to bring serious electrical and communication failures. Could this be Armageddon? The U.S. government is warning users of satellite, telecommunications, and electric equipment to prepare for possible disruptions over the next few days.
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Power companies prepare as solar storms set to hit Earth

Three large explosions from the Sun over the past few days have prompted U.S. government scientists to caution users of satellite, telecommunications and electric equipment to prepare for possible disruptions over the next few days.
A Canadian five-dollar bill is seen in a posed photograph in Montreal.

Will Canada Intervene To Stem CAD Strength?

Following Japanese and Swiss authorities? intervention in the currency markets to weaken the sharp appreciation in their domestic currencies, now the market focus turns to Canada, where the Bank of Canada (BoC) expressed concerns over the persistent strength of Canadian dollar (CAD).
Louis Oosthuizen of South Africa putts on the tenth green during the second round of the British Open golf championship at Royal St George's in Sandwich

Oosthuizen eyes Firestone boost after car crash

Former British Open champion Louis Oosthuizen is looking for a spark to reignite his game at this week's WGC-Bridgestone Invitational after escaping injury in a traffic accident while preparing for the tournament.

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