A trend toward gay and lesbian sex in Pakistani society is rapidly emerging among teenage boys and girls.

History is set to be made in Southern Sudan as its people are widely expected to vote for independence from the North in a referendum that is now ongoing. But tensions are intensifying along the proposed border, which runs through some of the most fertile land in the country.

Even as the European Union is bankrupting itself with bailouts, the EU’s top Monetary Affairs Commissioner Olli Rehn said on Wednesday that the €440 billion ($570 billion) bailout fund for struggling European nations should not only be increased but given more powers. According to Rehn, the eurozone governments are currently considering the proposal to increase the size of the funds.

The European Union announced today that they would be reinstating a travel ban against Belarusian President Alexander Lukashenko and 40 of his close associates, following his crackdown on political opponents in the country’s elections, which were held on December 19, 2010. 

The outlook for the sale today of three- and nine-year bonds by the government of Portugal is still cloudy, but late-breaking news that Japan has committed to buy bonds from the European bailout fund and that the Portuguese deficit has actually declined in the face of self-imposed austerity measures may betoken a turnaround for Europe’s southwesternmost country.