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Obama Invites Lawmakers for Debt Negotiations

Posted July 5th, 2011 at 5:50 pm (UTC-5)
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U.S. President Barack Obama has invited the leaders of both political parties to the White House to continue negotiations on an increase to the nation’s borrowing limit, as a key deadline looms. Mr. Obama announced the meeting will be on Thursday. He was speaking Tuesday to reporters during a rare appearance at a regularly scheduled […]

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Obama Invites Lawmakers for Debt Negotiations

Posted July 5th, 2011 at 5:40 pm (UTC-5)
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U.S. President Barack Obama has invited the leaders of both political parties to the White House to continue negotiations on an increase to the nation’s borrowing limit, as a key deadline looms. Mr. Obama announced the meeting will be on Thursday. He was speaking Tuesday to reporters during a rare appearance at a regularly scheduled […]

Tags: , , Posted in US

Mexico Searches for 7 Missing in Boat Accident

Posted July 5th, 2011 at 5:40 pm (UTC-5)
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Mexican authorities are continuing the search for seven American tourists whose fishing boat capsized and sank during a storm off Mexico’s Baja California peninsula. The incident happened Sunday after the 35-meter vessel, the Erik, with 43 people on board, left the port of San Felipe for a fishing trip on the Sea of Cortez. One […]

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197 African Migrants Feared Drowned Off Sudan

Posted July 5th, 2011 at 5:25 pm (UTC-5)
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Sudanese media say a boat packed with migrants bound for Saudi Arabia has sunk, leaving 197 people feared dead. The state-linked news agency, Sudanese Media Center, says three people were rescued from the vessel and that authorities are still searching for possible survivors. It says the boat caught fire off the Sudanese coast. The report […]

Tags: , , Posted in Africa

Moody’s Cuts Portuguese Credit Rating to Junk Status

Posted July 5th, 2011 at 5:05 pm (UTC-5)
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Moody’s credit rating service has cut Portugal’s rating to junk status and says the outlook for the country is negative. This means that according to Moody’s, Portuguese government bonds are a high-risk investment. The agency says there are heightened concerns that Portugal may not be able to fully achieve the spending cuts, tax hikes and […]

Tags: , , Posted in Europe

At Least 35 Killed in Iraq Bombings

Posted July 5th, 2011 at 5:05 pm (UTC-5)
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Two bombs have exploded outside a government building north of Baghdad, killing at least 35 people. Iraqi officials say a car bomb and another explosive went off Tuesday in the town of Taji, about 20 kilometers north of the capital. They say more than two dozen people were wounded in the blasts. There was no […]

Tags: , , Posted in Middle East

4 Militants, 7 Soldiers Killed in Pakistan

Posted July 5th, 2011 at 4:55 pm (UTC-5)
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Pakistani officials say a U.S. drone strike killed at least four militants in the lawless tribal belt Tuesday, while seven soldiers died in attacks in different parts of the country. Officials in North Waziristan tribal district said the drone strike completely destroyed a house near the region’s main town of Miranshah. North Waziristan is a […]

Tags: , , , Posted in South Asia

American Artist Cy Twombly Dies at 83

Posted July 5th, 2011 at 4:55 pm (UTC-5)
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Cy Twombly, an American painter, known for his giant scribbles and graffiti-styled art, has died at a hospital in Rome. A spokesman for the Gagosian Gallery, which represented Twombly’s work, said the artist died Tuesday at the age of 83. The spokesman did not specify a cause of death, but Twombly had suffered from cancer […]

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Chinese Vice Premier to Visit North Korea

Posted July 5th, 2011 at 4:55 pm (UTC-5)
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China’s foreign ministry says a high-ranking official will pay a four-day visit to North Korea next week. A spokesman for the ministry, Hong Lei, told reporters Tuesday that Vice Premier Zhang Dejiang will lead a Chinese delegation to North Korea for a visit starting July 10. Chinese news media quote Hong as saying the delegation […]

Tags: , , Posted in East Asia Pacific

US Stocks Close Mixed

Posted July 5th, 2011 at 4:45 pm (UTC-5)
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U.S. stocks were mixed at closing Tuesday. The Dow Jones Industrial Average fell one tenth of one percent to 12,570. The S&P 500 was also down one-tenth of one percent to 1,338, while the Nasdaq Composite index rose nearly four-tenths of one percent to 2,826. European stock prices closed mixed. London’s Financial Times index rose […]

Tags: , , , Posted in Economy