INTERNATIONAL. The return to gold is unmistakably the product of a strategic, not merely a tactical, shift in global central banking policy. Central banks in the developed world have now altogether stopped selling bullion.
INTERNATIONAL. Economic crime in financial services outpaces other industries; Increased spending on compliance fails to reduce economic crime; 10% of economic crime reported by UK respondents was perpetrated internally.
INTERNATIONAL. Iran received its first delivery of Russian-made S-300 air defense systems in May; Satellite imagery shows intensive construction underway at an air base near Tehran to accommodate the systems.