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Peru’s Humala Prepares to Take Power

Posted July 27th, 2011 at 5:25 pm (UTC-5)
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Peruvian President-elect Ollanta Humala takes office Thursday, succeeding outgoing President Alan Garcia. Mr. Humala was elected this past June in a runoff, defeating Keiko Fujimori, the daughter of imprisoned former President Alberto Fujimori. Much of the campaign focused on continuing Peru’s rapid economic growth of recent years, while ensuring that the poor also see some […]

Tags: , , , Posted in Americas

Washington Wrangles Over Debt As Deadline Grows Near

Posted July 27th, 2011 at 5:05 pm (UTC-5)
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U.S. President Barack Obama, his Democratic party allies in Congress and opposition Republicans are still haggling over competing plans to raise the government borrowing limit, as an August 2 deadline draws closer. Without an agreement, Washington could default on some of its obligations. White House spokesman Jay Carney told reporters if the deadline is not […]

Tags: , , , , Posted in US

Suicide Bomber Kills Mayor of Afghanistan’s Kandahar City

Posted July 27th, 2011 at 4:55 pm (UTC-5)
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A suicide bomber has killed the mayor of Afghanistan’s southern city of Kandahar, the latest in a series of high-profile assassinations of key allies of President Hamid Karzai. Witnesses say Mayor Ghulam Haider Hamidi was meeting with constituents about the land dispute Wednesday when the bomber blew himself up near his office. Local authorities have […]

Tags: , , Posted in South Asia

US: Mexican Soldiers Crossed into Texas

Posted July 27th, 2011 at 4:40 pm (UTC-5)
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U.S. officials say nearly three dozen Mexican soldiers in four military vehicles crossed the border into the United States in an incident being described as inadvertent. U.S. Customs and Border Protection officials say the 33 soldiers crossed the new Donna-Rio Bravo International Bridge into southern Texas on Tuesday after being unable to turn around on […]

Tags: , , Posted in US

Belgian Lawmaker Says Received Email From Norwegian Killer

Posted July 27th, 2011 at 4:40 pm (UTC-5)
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A Belgian nationalist lawmaker says he received an email from the alleged Norwegian perpetrator of last week’s massacre in Norway shortly before the attacks. Tanguy Veys of Belgium’s anti-immigration Vlaams Belang party said Wednesday confessed killer Anders Behring Breivik emailed a manifesto to him and about 1,000 other people last Friday. Veys says he received […]

Tags: , , , , Posted in Europe

Report: Burma Tops Internet Attacks List

Posted July 27th, 2011 at 4:40 pm (UTC-5)
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A U.S.-based Internet tracking company says Burma was the top source of global Internet attacks during the first quarter of this year. Akamai Technologies issued a report Wednesday saying the southeast Asian nation accounted for 13 percent of all Internet attacks between January 1 and March 31. The United States was second with 10 percent […]

US Stocks Fall

Posted July 27th, 2011 at 4:10 pm (UTC-5)
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U.S. stock market indexes fell sharply in Wednesday’s trading as investors worried that partisan bickering in Washington might eventually result in a default on U.S. obligations. The Dow Jones Industrial Average retreated 1.6 percent to finish at 12,303. The S&P 500 fell 2 percent to end at 1,305 and the NASDAQ lost 2.7 percent to […]

Tags: , , , Posted in Economy

US Credit Rating Could Drop Even if Debt Deal is Made

Posted July 27th, 2011 at 4:05 pm (UTC-5)
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Financial analysts say the United States faces the loss of its top AAA credit rating even if President Barack Obama and Congress reach a deal in the next few days to raise the nation’s borrowing limit. Most analysts say the president and lawmakers will craft a last-minute deal to raise the country’s $14.3 trillion debt […]

Tags: , , , , Posted in US

Oil Prices Ease

Posted July 27th, 2011 at 3:45 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: Crude oil prices fell $2.19 to settle at $97.40 a barrel. Coffee prices were down 4 cents to end at $2.41 per pound. Copper prices lost 3 cents to close at $4.44 per pound. Cocoa futures were up $21 to end […]

Tags: Posted in Economy

Clashes Erupt at Yemen Rallies

Posted July 27th, 2011 at 3:40 pm (UTC-5)
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Government loyalists and anti-government protesters have clashed in Yemen where rallies unfolded across the country on Wednesday. Witnesses say several people were injured in the southern town of Ibb when pro-government gunmen opened fire on demonstrators. The Associated Press says security forces and loyalists with sticks attacked a group of female protesters as they rallied […]

Tags: , , Posted in Middle East