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Iran Fires Missiles At Sea Near Strait of Hormuz

Posted July 6th, 2011 at 10:55 am (UTC-5)
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Iran announced Wednesday it had successfully test-fired several anti-ship missiles at sea as part of a 10-day military exercise that began last week. State news reports say the country’s elite Revolutionary Guards fired two missiles capable of hitting targets at a distance of 300 kilometers and a third “land-to-sea” missile with a range of up […]

Tags: , Posted in Middle East

Lagarde Pledges to Move Forward with IMF Reforms

Posted July 6th, 2011 at 10:55 am (UTC-5)
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The new head of the International Monetary Fund, Christine Lagarde, has pledged to move forward with reforms to give emerging economies more influence at the lending organization. Speaking Wednesday in her first news conference as IMF chief, the former French finance minister said the world economy is rebounding from the financial crisis, but unevenly, with […]

Tags: , Posted in Americas, Economy, Europe, US

New Blast Shakes Northeast Nigeria

Posted July 6th, 2011 at 10:45 am (UTC-5)
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Suspected Islamic militants attacked a police patrol in northeastern Nigeria, wounding at least three officers. Major General Jack Nwachukwu Nwaogbo said the attackers threw a bomb at the patrol in the city of Maiduguri Wednesday. Witnesses report the blast was followed by sporadic bursts of gunfire. Officials are blaming the Boko Haram sect for Wednesday’s […]

Tags: , Posted in Africa

Romania Favors Two-State Solution to Israeli-Palestinian Conflict

Posted July 6th, 2011 at 10:35 am (UTC-5)
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Romanian Prime Minister Emil Boc has told his visiting Israeli counterpart that Bucharest opposes unilateral solutions to the Israeli-Palestinian conflict. He said Romania supports a negotiated two-state solution to the Israeli-Palestinian conflict, rather than unilateral steps – a position backed by Mr. Netanyahu. Mr. Boc spoke at a joint news conference Wednesday with Israeli Prime […]

Tags: , Posted in Europe

Opposition-led Strike Cripples Bangladesh

Posted July 6th, 2011 at 10:30 am (UTC-5)
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An anti-government strike shut down much of Bangladesh Wednesday, as opposition members protested a constitutional amendment they say will allow the ruling party to cling to power. Schools and businesses were closed throughout the country, and operations at Bangladesh’s main port in Chittagong were suspended. At least 20 people were injured Wednesday as security personnel […]

Tags: , , Posted in South Asia

New Clashes Between Al Qaida and Mauritanian Army

Posted July 6th, 2011 at 10:25 am (UTC-5)
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Al-Qaida in the Islamic Maghreb is claiming responsibility for an attack on a Mauritanian army base near the border with Mali. An al-Qaida spokesman told the private Nouakchott news agency Wednesday two of the group’s fighters died in Tuesday’s attack – one from Algeria and another from Mali. The Mauritanian army confirmed the attack near […]

Tags: , Posted in Africa

Cargo Plane Crashes North of Afghan Capital; 9 Feared Dead

Posted July 6th, 2011 at 10:10 am (UTC-5)
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Officials in Afghanistan say an Azerbaijani cargo plane with nine crew members on board has crashed into a mountain in eastern Afghanistan. The crash happened late Tuesday in the Sayagred area of Parwan province, north of the capital, Kabul, as the plane was traveling to Bagram air base. Local sources say the bodies of eight […]

Tags: , , , , Posted in South Asia

Bahrain Sentences 3 for Spying, Reportedly for Iran

Posted July 6th, 2011 at 10:00 am (UTC-5)
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A Bahraini criminal court has sentenced three people to prison for spying — foreign news reports say the spying was on behalf of Iran. The state-run Bahrain News Agency reported Tuesday that one Bahraini and two foreigners were given ten-year sentences and fined for collecting information on military and economic facilities. It said the two […]

Tags: Posted in Middle East

US Stocks Lower at Market Open

Posted July 6th, 2011 at 9:55 am (UTC-5)
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U.S. stock market indexes were down slightly in Wednesday’s early trading. The Dow Jones Industrial Average was down a fraction, the S&P 500 dropped one-quarter of one percent and the NASDAQ was down nearly one-tenth of a percent. European stock markets were also lower in afternoon trading. London’s Financial Times index was down nearly three-quarters […]

Tags: , , , Posted in Economy

Vietnam Jails Ex-Officials in Graft Scam

Posted July 6th, 2011 at 9:50 am (UTC-5)
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A Vietnamese court has sentenced a former transport ministry chief and seven others to prison, after finding them guilty of involvement in a string of corruption scandals. The court in Hanoi found chief defendant Bui Tien Dung and his accused accomplices guilty of siphoning more than $160,000 from a bridge construction project funded with Japanese […]