Showing Archived Posts

Egyptian Court Orders Dissolution of Mubarak-Era Local Councils

Posted June 28th, 2011 at 11:55 am (UTC-5)
Leave a comment

An Egyptian court has ordered the dissolution of the country’s municipal councils, which were elected under ousted President Hosni Mubarak and dominated by his supporters. The Cairo administrative court issued the ruling Tuesday in response to complaints by citizens who accuse the councils of being corrupt. Mr. Mubarak’s now-dissolved National Democratic Party won more than […]

Tags: , Posted in Middle East

Somali Parliament Approves New Prime Minister

Posted June 28th, 2011 at 11:35 am (UTC-5)
Leave a comment

Somali lawmakers have approved Abdiweli Mohamed Ali, a Somali-American economist, as the country’s new prime minister. Parliamentary Speaker Sharif Hassan Sheik Aden says lawmakers approved Ali on Tuesday by a vote of 437 to four, with two abstentions. Ali, who was immediately sworn in after the approval, said he will focus on fighting terrorism and […]

Tags: , , , Posted in Africa

US Housing Prices Rise

Posted June 28th, 2011 at 11:30 am (UTC-5)
Leave a comment

Economic reports Tuesday show U.S. housing prices going up, and consumer confidence falling. The S & P / Case-Shiller home price index showed a gain in April, the first monthly increase in nine months. While prices were better than the prior month, they remain below the same period a year ago. Severe problems in the […]

Tags: , Posted in Economy

Greek Police Clash with Protesters as Workers Strike

Posted June 28th, 2011 at 11:25 am (UTC-5)
Leave a comment

Greek police are clashing with youths hurling rocks and fire bombs in Athens at the start of a two-day general strike protesting a new round of national austerity reforms. At least 4,000 police converged on central Athens Tuesday as about 20,000 people rallied in the square in front of parliament where lawmakers are considering Prime […]

Tags: , , , Posted in Europe

US Stocks Rise

Posted June 28th, 2011 at 11:05 am (UTC-5)
Leave a comment

U.S. stock market indexes rose in Tuesday’s early trading. The Dow Jones Industrial Average, the S&P 500, and the NASDAQ all gained around nine-tenths of a percent. European stock markets were higher in afternoon trading. London’s Financial Times 100 index gained 1.1 percent, the CAC-40 in Paris jumped 1.7 percent, and the DAX in Frankfurt […]

Tags: , , , Posted in Economy

Russia Successfully Tests Ballistic Missile

Posted June 28th, 2011 at 11:00 am (UTC-5)
Leave a comment

Russia has successfully test launched its new ballistic missile from a nuclear submarine, after several previous failed attempts. Defense Ministry spokesman Igor Konashenkov said Tuesday the latest underwater launch of the Bulava missile had met all parameters. The missile was fired from Russia’s northern White Sea and reached the Kura testing area on Kamchatka in […]

Tags: , Posted in Europe

NATO Says Not Scaling Down Libya Operation

Posted June 28th, 2011 at 10:55 am (UTC-5)
Leave a comment

NATO’s commander for the Libya operation says the allied force is not scaling down its airstrikes despite calls from some nations for a pause in the operation. Canadian Lieutenant General Charles Bouchard said the mission, entering its fourth month, has made “significant progress” and that attacks on civilians by Libyan government forces have lessened. The […]

Tags: , , Posted in Middle East

Afghan, NATO Forces Capture Militant Dressed as Woman

Posted June 28th, 2011 at 10:50 am (UTC-5)
Leave a comment

More and more male militants are dressing as women to escape capture from security forces in Afghanistan. NATO says in the latest instance, an Afghan and coalition force detained a senior militant leader who attempted to disguise himself as a female wearing a burqa . The coalition says the Islamic Movement of Uzbekistan leader was […]

Tags: , , , Posted in South Asia

Washington Backs Lagarde To Head IMF

Posted June 28th, 2011 at 10:40 am (UTC-5)
Leave a comment

The United States is supporting French Finance Minister Christine Lagarde in her bid to be the next head of the International Monetary Fund. Russia also publicly endorsed her on Tuesday. In a note to journalists, U.S. Treasury Secretary Timothy Geithner cited Lagarde’s “exceptional talent and broad experience.” Geithner also commended her rival for the post, […]

Tags: , , Posted in Economy

Reports: Chinese Artist Ordered to Pay nearly $2 Million in Back Taxes

Posted June 28th, 2011 at 10:40 am (UTC-5)
Leave a comment

A close friend of celebrated Chinese artist Ai Weiwei says the artist-activist, who was released by police last week after nearly three months in confinement, has been ordered to pay nearly $2 million in back taxes and fines. Chinese authorities said Ai confessed to tax evasion. But his family denies he evaded any taxes and […]

Tags: , , Posted in East Asia Pacific