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"Germany is a high-tech country and it's incredible this software bug could have happened here," Manfred Westphal, head of the financial-services department of the German Consumers' Association, tells TIME. "It's a lousy mistake - obviously the banks didn't test the software properly beforehand." Consumer groups say...

Author: /time Magazine | Title: The Year 2010 Bug Strikes German Bank Cards | 1/7/2010 | See Source »

Last week, Russian Prime Minister Vladimir Putin added another irritant to the disarmament talks by claiming that America's planned missile-defense system was holding up the new treaty. Russia has long claimed that the missile-defense system, components of which Obama agreed to remove from Europe last year, would...

Author: /time Magazine | Title: Obama's Nuclear Arms Pledge Hits Stumbling Block | 1/7/2010 | See Source »

Israeli Prime Minister Benjamin Netanyahu told a meeting of his Likud parliamentary faction on Monday that he sensed a "change in the atmosphere" that would bring his Palestinian counterpart, Mahmoud Abbas, to the table despite Israel's having refused to meet Abbas' - and President Obama's - demand for a freeze...

Author: /time Magazine | Title: New Mideast Peace Talks: Back to the Treadmill? | 1/6/2010 | See Source »

No black humor was intended in Monday's statement by the Egyptians that, after two decades of talks between Israel and the Palestinians, the peace process ought not be rushed. Cairo was simply cooling expectations. "This is a protracted process and needs patience, clarity and prudence so that the Palestinians...

Author: /time Magazine | Title: New Mideast Peace Talks: Back to the Treadmill? | 1/6/2010 | See Source »

The incident at Westergaard's home came two months after another young Danish-Somali man detonated a suicide bomb at a graduation ceremony in Mogadishu, killing 24 people, including four ministers. According to news reports, the man had spent 20 years in Denmark before returning to Somalia - and may also...

Author: /time Magazine | Title: Denmark's Somali Community: Breeding Ground for Extremists? | 1/6/2010 | See Source »

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