Leaders of the 17 nations that use the euro are making another effort to work out an aid package for the Greek economy. Greece has already gotten about $160 billion in emergency loans, and needs another dose of aid of about the same size. Eurozone officials have been called to Brussels next Thursday, where they […]
Another Round of Talks Set On Greek Bailout
Posted July 15th, 2011 at 2:15 pm (UTC-5)
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Some European Banks Flunk Stress Tests
Posted July 15th, 2011 at 1:50 pm (UTC-5)
European regulators say eight banks have failed a “stress test” showing they need to build a bigger financial cushion in case of another recession or other problems. Most of the banks are in Spain, while others are in Greece and Austria. The European Banking Authority says the institutions need to have readily available capital equivalent […]
Chavez May Head to Brazil for Cancer Treatment
Posted July 15th, 2011 at 1:40 pm (UTC-5)
Venezuelan President Hugo Chavez could soon be traveling to Brazil as part of his ongoing battle against cancer. Brazil’s official news agency said Friday the Venezuelan leader is expected to arrive in the coming days after working out details of the visit with the staff of Brazilian President Dilma Rousseff. Mr. Chavez is expected to […]
Obama Calls Space Station Astronauts
Posted July 15th, 2011 at 1:35 pm (UTC-5)
U.S. President Barack Obama called astronauts at the International Space Station Friday to thank them for their work on the last mission of the 30-year U.S. space shuttle program. President Obama spoke with the combined 10-person crew of the shuttle Atlantis and the space station. He jokingly told the crew that he was trying to […]
US Stocks Advancing at Midday
Posted July 15th, 2011 at 12:55 pm (UTC-5)
U.S. stock market indexes were higher in Friday’s midday trading. The Dow Jones Industrial Average rose one-tenth of a percent. The S&P 500 gained three-tenths of a percent. And the NASDAQ jumped seven-tenths of a percent. European stock markets were mixed at the close of trading. London’s Financial Times 100 index slipped less than one-tenth […]
At Least 19 Dead Following Protests in Syria
Posted July 15th, 2011 at 12:45 pm (UTC-5)
At least 19 people have been killed after Syrian security forces opened fire on demonstrators during some of the largest protests to date against President Bashar al-Assad’s government. Tens of thousands of demonstrators rallied across the country, where some waved large Syrian flags and chanted anti-government slogans. Witnesses and activists say police responded with live […]
Italian Parliament Approves Austerity Measures
Posted July 15th, 2011 at 12:40 pm (UTC-5)
The Italian parliament has given final approval to sharp budget cuts aimed at calming fears that Europe’s third largest economy could be consumed by the continent’s debt crisis. The parliament’s lower house, the Chamber of Deputies, voted 316 to 284 on Friday in favor of a four-year austerity plan worth at least $68 billion. The […]
Indian Authorities Examine Evidence in Mumbai Attacks
Posted July 15th, 2011 at 12:30 pm (UTC-5)
India’s home secretary says detectives are examining forensic evidence and surveillance video, as they hunt for clues into the deadly bomb blasts that hit Mumbai earlier this week. R.K. Singh said Friday authorities have identified a scooter which they said contained one of the bombs. A total of three blasts occurred within 20 minutes of […]
Tunisian Forces Disperse Protesters
Posted July 15th, 2011 at 12:25 pm (UTC-5)
Tunisian police fired tear gas Friday at demonstrators protesting what they view as a slow pace of government reforms. Some of the protesters in the capital Tunis demanded the resignations of interim government leaders. Tunisians have kept up calls for reforms since the uprising that led to the January ouster of former leader Zine al-Abidine […]
Kenya to Reopen Unused Refugee Camp in Dadaab
Posted July 15th, 2011 at 12:25 pm (UTC-5)
Kenya has agreed to reopen an unused refugee camp in eastern Dadaab, as starving Somalis affected by a severe drought pour in from across the border. The United Nations praised the move on Friday, saying it will ease rapidly growing pressure on existing camp sites at the sprawling refugee complex. The United Nations says the […]
