The United States says is it considering if war crimes charges can be brought against Syria’s president as part of a larger diplomatic effort to get his government to end its crackdown on dissent. In a telephone conference with reporters Thursday, two senior White House officials said the U.S. is also considering economic sanctions against […]
U.S. Mulls War Crimes Charges Against Syrian President
Posted June 17th, 2011 at 5:30 pm (UTC-5)
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Moroccan King Vows to Reduce His Powers in Reform Effort
Posted June 17th, 2011 at 4:40 pm (UTC-5)
Moroccan King Mohammed VI on Friday promised reforms that will limit his political and religious powers in a series of constitutional changes. The king announced the proposals in a televised nighttime address to the nation. Moroccans will be able to vote next month in a referendum on the changes, which would strengthen the office of […]
Man in Custody in Pentagon Threat Investigation
Posted June 17th, 2011 at 4:30 pm (UTC-5)
U.S. authorities say a man, detained near the Defense Department headquarters with a backpack of suspicious items, is a member of the Marine Corps Reserve. The man has been identified as Lance Corporal Yonathan Melaku, a 22-year-old U.S. citizen originally from Ethiopia. A U.S. Park Police spokesman told reporters Friday that Mr. Melaku was discovered […]
US Stock Indexes Finish Mixed Friday
Posted June 17th, 2011 at 4:30 pm (UTC-5)
Major U.S. stock market indexes finished mixed in Friday’s trading. The Dow Jones Industrial Average rose nearly four tenths of one percent to finish at 12,004, while the S&P 500 increased three-tenths of a percent to end the day at 1,272. The NASDAQ fell nearly three-tenths of a percent to finish at 2,616. European stock […]
IMF: World Economic Outlook ‘Not Reassuring’
Posted June 17th, 2011 at 4:00 pm (UTC-5)
The International Monetary Fund says recent trends in the world’s major economies are “not reassuring,” and it warns there is a growing chance the global economy could stumble. The IMF’s World Economic Outlook, released Friday, says the global economy expanded at a rate of 4.3 percent for the first three months of the year. But […]
Greece Crisis Sends Oil Prices Plunging
Posted June 17th, 2011 at 3:40 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Friday: Crude oil prices slid almost $2 to close at $93.01 a barrel, on concerns about the potential fallout from the Greek financial crisis. Investors are worried that Greece’s internal political arguments over austerity measures could allow its financial woes to spread, […]
Rush is On to Save Greece
Posted June 17th, 2011 at 3:20 pm (UTC-5)
Politicians both inside and outside Greece are scrambling to rescue the debt-ridden country, hoping to make sure it does not drag Europe into an even larger economic crisis. France and Germany set aside key differences Friday, promising a new rescue package would be completed as soon as possible. Their agreement came as Greek Prime Minister […]
UN Seeks High-Level Push at Climate Talks
Posted June 17th, 2011 at 3:10 pm (UTC-5)
The U.N. official in charge of international talks on climate change says world leaders must step in to save the meetings from an impasse. Summing up two weeks of talks in Germany that appeared to have made little or no progress, the U.N. meeting’s executive secretary, Christiana Figueres, said Friday that “high-level political guidance” is […]
US Drops Criminal Charges Against bin Laden
Posted June 17th, 2011 at 2:55 pm (UTC-5)
U.S. authorities have dropped criminal charges against Osama bin Laden following his death in a U.S. raid last month. Federal prosecutors filed court papers Friday to dismiss a 1998 indictment that charged bin Laden in the bombings that year of two U.S. embassies in East Africa. The attacks in Tanzania and Kenya killed 224 people. […]
IMF Rejects Afghan Plans to Resolve Bank Crisis
Posted June 17th, 2011 at 2:30 pm (UTC-5)
Afghan and Western officials say the International Monetary Fund has rejected the Afghan government’s plans to resolve the Kabul Bank crisis and that a $70 million reconstruction payment will be withheld. Kabul Bank nearly collapsed last year when allegations of mismanagement, cronyism and questionable lending first surfaced. The bank’s executives and shareholders are accused of […]
