Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices gained 39 cents to settle at $99.59 a barrel. Coffee prices climbed 2 cents to end at $2.45 per pound. Copper prices rose 7 cents to close at $4.47 per pound. Cocoa futures were up $19 to end […]
Nigerian President Proposes Longer, Single Terms for Leaders
Posted July 26th, 2011 at 4:15 pm (UTC-5)
Nigeria’s president is proposing a constitutional amendment to limit presidents and state governors to a single, longer term. President Goodluck Jonathan announced his plan Tuesday, saying he hopes it will allow politicians to focus less on getting re-elected. The president said it also would save money to hold elections less frequently. His statement did not […]
US Drug Arrests Link Trafficking to Terrorism
Posted July 26th, 2011 at 4:05 pm (UTC-5)
The U.S. Drug Enforcement Administration has unveiled several indictments it says demonstrate a “growing nexus” between drug trafficking and terrorism. The DEA and a U.S. attorney in New York City Tuesday announced the arrests of four people charged with involvement in deals to sell illegal drugs in order to buy weapons for Hezbollah and for […]
US Representative to Resign Amid Scandal
Posted July 26th, 2011 at 3:55 pm (UTC-5)
A U.S. lawmaker from Oregon has announced he is resigning, becoming the third House representative this year to step down after being embroiled in a scandal. Representative David Wu, a Democrat, issued a statement Tuesday saying he will resign after the debt ceiling issue is resolved. Lawmakers are in negotiations to reach an agreement on […]
Israeli Orchestra Gives Unprecedented Wagner Performance in Germany
Posted July 26th, 2011 at 3:45 pm (UTC-5)
An Israeli orchestra visiting Germany has given an unprecedented performance of a piece by Richard Wagner, a 19th-century composer whose music was used in Nazi propaganda before and during World War Two. The Israel Chamber Orchestra performed Wagner’s “Siegfried Idyll” on Tuesday, at the end of a two-hour concert in the southeastern German town of […]
US Report Calls Government Sting Operation ‘Reckless’
Posted July 26th, 2011 at 3:40 pm (UTC-5)
A U.S. congressional committee has reported that officials failed to inform diplomats at the U.S. embassy in Mexico about a “reckless” sting operation that allowed hundreds of guns to be smuggled into Mexico. Tuesday’s report said officials with the Bureau of Alcohol, Tobacco, Firearms and Explosives jeopardized U.S. relations with Mexico by not telling Mexico-based […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 3:25 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remain deadlocked about plans to raise the nation’s debt limit as a possible default looms in one week. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August 2 […]
CDC: Mexican Papayas Sicken 99 in US
Posted July 26th, 2011 at 3:20 pm (UTC-5)
U.S. health officials say Mexican papayas tainted with salmonella have sickened 99 people in the United States. The Centers for Disease Control and Prevention said Tuesday that the outbreak was reported in 23 states between January 1 and July 22. Most of those cases are in Texas. No deaths have been reported. Officials say the […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 2:55 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remained deadlocked Tuesday on plans to raise the nation’s debt limit as a possible default looms a week away. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August […]
Suspected Militant Killed in Indian Kashmir
Posted July 26th, 2011 at 2:50 pm (UTC-5)
The Indian army says it killed a top commander with the Hizb-ul-Mujahideen militant group early Tuesday during a gunfight in Indian Kashmir. Officials say Sajjad Ahmed was killed after soldiers shot back at militants who opened fire on them in a forested area of Kishtwar district. However, locals expressed doubts about the identity of the […]
