Iran has signed a $10 billion deal with Iraq and Syria to export Iranian natural gas to Europe. Iran’s state-run Press TV says oil ministers from the three countries inked the deal Monday to build a 5,000-kilometer pipeline to carry natural gas from Iran’s South Pars gas field. The proposed pipeline will take three to […]
Iran Inks $10 Billion Gas Deal with Iraq, Syria
Egypt Postpones Trial of Former Interior Minister
An Egyptian court has postponed the trial of former Interior Minister Habib el-Adly so that it will coincide with the start of the trial of ousted Egyptian leader Hosni Mubarak. The former interior minister and Mr. Mubarak face charges of killing protesters during the revolution that ousted the president in February. The court has set […]
European Markets Lower at Midday
European stock markets were lower in midday trading Monday. London’s Financial Times 100 index was down three-tenths of a percent , to 5,918. The CAC-40 in Paris lost half a percent , to 3,824. And the DAX in Frankfurt dipped one-fourth of a percent , at 7,308. The S&P futures contract was down 11 points, […]
Aung San Suu Kyi Meets Burmese Official in Rangoon
Burmese democracy activist Aung San Suu Kyi visited a government guest house in Rangoon Monday for her first talks with a high-level government official since her release from house arrest in November. Later, in a joint statement, the Nobel laureate and Labor Minister Aung Kyi said they were satisfied with the meeting, which included issues […]
Report Says Burma Neglects Environmental Protection
A new report says Burma lacks any meaningful framework on environmental protection and sustainable development. The Burma Environmental Working Group says Burmese citizens are not able to take part in decision-making about their country’s development. The 100-page report released Monday says Burma has domestic laws and policies related to protecting people and the environment. But, […]
Venezuela’s Chavez Confirms Will Run Again in 2012
Venezuelan President Hugo Chavez says he will seek another six-year presidential term in 2012. In an interview published Monday in the state newspaper Correo del Orinoco, President Chavez said he will seek “with more strength than before” his reelection to the presidency, despite his recent surgery to remove a cancerous tumor followed by chemotherapy. Mr. […]
Judge Orders Closed Hearing for Norway Massacre Suspect
A judge in Norway has ruled the first court appearance for the suspect in Friday’s massacre will be held behind closed doors. The judge said Monday the public and media will be barred from the proceedings, which the suspect had requested to be open in order to explain his motives. Anders Behring Breivik faces terrorism […]
Asian Markets Mostly Lower
Asian stock markets closed mostly lower Monday. Tokyo’s Nikkei index dropped eight-tenths of a percent to close at 10,050. Hong Kong’s Hang Seng index fell seven-tenths of a percent to end at 22,293. Elsewhere, share prices were lower in Shanghai, Taipei, Seoul, Sydney, Singapore, Kuala Lumpur, Jakarta and Wellington. Markets ended higher in Mumbai, Bangkok […]
Taiwan General Gets Life Term in ‘Honey Trap’ Spy Case
A Taiwan general who sold classified information to a female Chinese agent has been sentenced to life in prison for spying. Officials said Major General Lo Hsien-che can appeal the sentence, which was handed down Monday. Lo was reportedly drawn into a “honey trap” operation by a female agent while stationed in Thailand between 2002 […]
Japan Passes Second of Three Quake Recovery Budgets
Japan’s parliament approved a $25 billion extra budget Monday to help pay for disaster relief and rebuilding after the devastating March 11 earthquake and tsunami. The budget is seen as a stop-gap measure between an initial $51 billion package passed in May and a third extra budget estimated to be around $127 billion. It was […]