European Commission President Jose Manuel Barroso said privatization and fiscal consolidation are indispensable for Greece. He also called for measures to stimulate jobs and growth in the country. The austerity measure reforms will include cuts in social benefits and the privatization of state-owned enterprises. Greek unions on Thursday called for a two-day general strike next […]
Greece Wins Aid Deal Contingent on Austerity Measures
Posted June 24th, 2011 at 5:35 pm (UTC-5)
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Four Dead in Violence in Southern Yemen
Posted June 24th, 2011 at 5:25 pm (UTC-5)
At least three Yemeni soldiers were killed on Friday after an explosion in the southern port city of Aden. The blast in Aden’s free-trade zone came after Yemeni security forces opened fire on thousands of people gathered nearby for a funeral, killing at least one person. The violence wounded at least six other people Friday. […]
Hezbollah Chief: CIA Recruited Spies for Israel
Posted June 24th, 2011 at 4:45 pm (UTC-5)
The leader of the Lebanese militant group Hezbollah says the CIA has recruited at least two low-level members of the group to spy for Israel. In a televised speech Friday, Hassan Nasrallah said two members of his Shi’ite movement had confessed to being CIA agents and the group was investigating whether a third member had […]
US Markets Decline
Posted June 24th, 2011 at 4:15 pm (UTC-5)
U.S. stock market indexes fell sharply in Friday’s trading. The Dow Jones Industrial Average fell nine-tenths of a percent to close at 11,937. The S&P 500 dropped 1.2 percent to hit 1,269, while the NASDAQ lost 1.3 percent to end at 2,653. European stock markets were mixed at the close of trading. London’s Financial Times […]
Oil Prices Fall
Posted June 24th, 2011 at 4:15 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Friday: Crude oil prices gained 14 cents to close at $91.16 a barrel. Coffee futures rose 1 cent to finish at $2.49 per pound. Copper prices advanced 6 cents to end at $4.10 a pound. Cocoa futures lost $28 to end the […]
UN Panel: Overly Harsh Justice in Georgia
Posted June 24th, 2011 at 3:55 pm (UTC-5)
A United Nations expert panel says Georgia’s justice system is far too skewed toward prosecutors, leaving little chance for a defendant to have a balanced and fair trial. El Hadji Malick Sow, head of a U.N. working group on arbitrary detention, said Friday it is “alarming” that almost 90% of court cases resort to plea […]
Pakistan’s Military Rejects Phone Report on Bin Laden’s Links
Posted June 24th, 2011 at 3:50 pm (UTC-5)
Pakistan’s military has rejected a U.S. media report that says a cell phone found during the raid that killed al-Qaida leader Osama bin Laden in Pakistan contained contacts to a militant group that has “strong ties” to Pakistan’s intelligence agency. A military spokesman called The New York Times news report Friday part of a “smear […]
Oil Prices Rise
Posted June 24th, 2011 at 3:50 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Friday: Crude oil prices gained 14 cents to close at $91.16 a barrel. Coffee futures rose 1 cent to finish at $2.49 per pound. Copper prices advanced 6 cents to end at $4.10 a pound. Cocoa futures lost $28 to end the […]
US Extends Emergency Order in Western Balkans
Posted June 24th, 2011 at 3:45 pm (UTC-5)
U.S. President Barack Obama has extended by one year a state of national emergency with respect to the western Balkan region. The executive order bans financial transfers to persons engaged in or supporting extremist violence in Macedonia and the rest of the Western Balkan region and those obstructing peace in Bosnia-Herzegovina and Kosovo. Almost 200 […]
Watchdog Group Divided Over Approval of Zimbabwe Diamond Exports
Posted June 24th, 2011 at 3:30 pm (UTC-5)
A global diamond monitoring group has found itself divided over a decision to allow Zimbabwe to sell diamonds from one of its controversial fields. The Kimberley Process, which aims to prevent so-called “conflict diamonds” from entering the market, has approved the sale of the Zimbabwe gems from its Marange field. However, the watchdog group is […]
