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North Sudan Proposes Solution to Abyei Crisis

Posted June 1st, 2011 at 5:35 pm (UTC-5)
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North Sudan’s government has laid out proposals for resolving its dispute with the south over the oil-rich Abyei region. North Sudanese forces occupied Abyei on May 21, prompting tens of thousands of residents to flee the area, and raising fears the north and south could return to civil war. The northern government suggested setting up […]

Tags: , , , Posted in Africa

Mladic to Face War Crimes Charges in UN Court

Posted June 1st, 2011 at 5:20 pm (UTC-5)
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Former Bosnian Serb military chief Ratko Mladic will make his first appearance before a war crimes tribunal Friday, following his capture after 16 years on the run. The United Nations tribunal in The Hague will ask the former general to identify himself and enter a plea to 11 counts of the indictment for war crimes […]

Tags: , , , , Posted in Europe

Oil Prices Plunge on Economic Data

Posted June 1st, 2011 at 4:35 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: The price of crude oil slid $2.41 to close at $100.29 a barrel after a series of reports on jobs and manufacturing sparked concerns that the U.S. economic recovery may be starting to stagnate. Coffee prices fell almost 9 cents to […]

Tags: , , Posted in Economy

Pakistani General Rules Out North Waziristan Offensive

Posted June 1st, 2011 at 4:30 pm (UTC-5)
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A top Pakistani army commander says the military has no plans to launch an offensive against Taliban and al-Qaida-linked militants in the North Waziristan tribal region. Lieutenant General Asif Yasin Malik refuted media reports earlier this week that said the military was planning such an operation at the request of the United States. He said […]

Tags: , , Posted in South Asia

US Vice President Praises Italy as ‘Important’ US Ally

Posted June 1st, 2011 at 4:30 pm (UTC-5)
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U.S. Vice President Joe Biden has praised Italy as an important partner of the United States during talks with Italian President Giorgio Napolitano in Rome. Mr. Biden and Mr. Napolitano also discussed the situation in Libya during Wednesday’s meeting at the Quirinale presidential palace. The United States and Italy both have participated in two months […]

Tags: , , , Posted in Europe

Economic Worries Pummel US Stocks

Posted June 1st, 2011 at 4:30 pm (UTC-5)
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Weak economic data is sparking new concerns the U.S. economic recovery is stalling, sending the major stock indexes sharply lower Wednesday. The Dow Jones Industrial Average dropped 2.2 percent to close at 12,290. The S&P 500 index plunged 2.3 percent to end at 1,315. And the NASDAQ dropped 2.3 percent to finish at 2,769. European […]

Tags: , , , Posted in Economy

Bosnian Serb Lawmakers Scrap Controversial Referendum

Posted June 1st, 2011 at 4:25 pm (UTC-5)
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Bosnia’s Serb Republic parliament has voted against holding a disputed referendum on the region’s future. Bosnian Serb officials had planned to hold the referendum this month, asking people in the region whether they accepted the federal judiciary and an international envoy overseeing Bosnia’s fragile peace. The Bosnian Serb Assembly shelved the planned referendum Wednesday following […]

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Shaq Announces Retirement After 19 NBA Seasons

Posted June 1st, 2011 at 4:20 pm (UTC-5)
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National Basketball Association superstar Shaquille O’Neal has announced his retirement after 19 seasons in the league. He posted a video with the announcement on his Twitter account Wednesday. The No.1 draft pick in 1992 is known around the world as “Shaq.” While playing for five NBA teams he won four championship rings, one Most Valuable […]

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Turkish PM Blames Opposition for Pre-election Violence

Posted June 1st, 2011 at 4:15 pm (UTC-5)
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Turkish Prime Minister Recep Tayyip Erdogan has blamed the opposition for provoking clashes in Turkey ahead of June 12 parliamentary elections. In a speech in Istanbul Wednesday, Mr. Erdogan said the provocations were a ploy to drag his ruling Justice and Development Party into what he called a “trap,” and vowed to steer clear of […]

Tags: , , , Posted in Europe

Mexican IMF Contender Visits Brazil

Posted June 1st, 2011 at 4:15 pm (UTC-5)
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The head of Mexico’s central bank says Latin American countries deserve greater representation at the International Monetary Fund. Agustin Carstens made the comments Wednesday in Brazil, where he is seeking support for his bid to become the next managing director of the IMF. Carstens met with Brazilian Finance Minister Guido Mantega in Brazil’s capital, Brasilia, […]

Tags: , Posted in Americas