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White House, Congress Reach Debt Ceiling Deal

Posted August 1st, 2011 at 4:30 am (UTC-5)
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U.S. President Barack Obama has reached an agreement with congressional leaders on a compromise deal to raise the nation’s limit on borrowing and keep the government from unprecedented default. Mr. Obama told reporters at the White House Sunday night the proposed deal cuts $1 trillion in spending over 10 years and sets up a bipartisan […]

Tags: , , Posted in US

3 Militants Killed in Pakistan Drone Strike

Posted August 1st, 2011 at 4:30 am (UTC-5)
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Pakistan intelligence officials say U.S. drone-fired missiles have killed three suspected militants near the Afghan border. They say the missiles hit a vehicle Monday in the South Waziristan tribal region, known to be the home of al-Qaida and Taliban insurgents. The U.S. routinely stages drone attacks into Pakistan, but does not publicly acknowledge the program. […]

Tags: , Posted in South Asia

China Offers Emergency Flood Aid to North Korea

Posted August 1st, 2011 at 4:05 am (UTC-5)
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North Korea says Beijing and the Red Cross Society of China have offered emergency relief materials to Pyongyang in response to severe flooding last week. In a brief announcement Sunday, the North’s official Korean Central News Agency said the relief would greatly encourage people in their recovery efforts. The announcement did not mention the amount […]

Tags: , , Posted in East Asia Pacific

South Korea Enforces Entry Ban Against 3 Japanese Legislators.

Posted August 1st, 2011 at 3:45 am (UTC-5)
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South Korean immigration officials say they stopped three members of Japan’s opposition Liberal Democratic Party when they arrived at Seoul’s Gimpo airport Monday in hopes of visiting a disputed island chain. The three legislators were ordered to return home without traveling to the island of Ulleungdo, which serves as Seoul’s administrative and military base for […]

Pakistan-Trained Extremists Are Blamed for Latest Xinjiang Violence

Posted August 1st, 2011 at 3:20 am (UTC-5)
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Local Chinese officials are blaming Muslim extremists trained in Pakistan for the latest mayhem in China’s restive Xinjiang region. Authorities in Kashgar city said Monday that a group of what they called “armed terrorists” stormed a city restaurant Sunday, killing the owner and a waiter before setting the building on fire. The local authorities said […]

Tags: , Posted in East Asia Pacific

US, UN, EU Condemn Syria After Raid Kills at least 80

Posted August 1st, 2011 at 3:10 am (UTC-5)
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The United States, United Nations and European Union have condemned violence by Syrian security forces against civilians, after rights activists said an attack on the central city of Hama killed at least 80 people. U.S. President Barack Obama said Sunday he is “appalled” by Syria’s use of violence against its own people, and that the […]

Tags: Posted in Middle East

Argentine Police Investigate Death of French Tourists

Posted August 1st, 2011 at 3:05 am (UTC-5)
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Argentine police are investigating the shooting death of two French tourists. The two female victims, both 30 years old, were found Friday in a tourist area in northern Argentina’s Salta province. Officials told the state-run Telam news agency that one of the women may have been sexually assaulted. A Salta official said the pair were […]

Tags: , Posted in Americas

Australia’s Rudd Undergoes Successful Heart Surgery

Posted August 1st, 2011 at 2:55 am (UTC-5)
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An Australian cardiologist says that Foreign Minister Kevin Rudd is doing well after heart surgery Monday that replaced a failing heart valve with one from a cow. Dr. Malcolm Davison told reporters in Rudd’s hometown of Brisbane that the 53-year-old former prime minister was expected to recover in about eight weeks. Rudd had similar surgery […]

Tags: , Posted in East Asia Pacific

Tokyo Stocks Rise on News of US Debt Deal

Posted August 1st, 2011 at 2:40 am (UTC-5)
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Asian stock markets surged Monday on news that U.S. President Barack Obama and congressional leaders had reached a deal to avert a debt default. Tokyo’s Nikkei Index closed up 1.34 percent, snapping a three-day losing streak, while the dollar climbed nine-tenths of a percent against the yen. Hong Kong markets maintained a 1.4 percent jump […]

Tags: , , , Posted in Economy

Thai Parliament Opens Amid Hopes for Stability

Posted August 1st, 2011 at 2:30 am (UTC-5)
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Thailand’s parliament opens its new session Monday amid hopes that prospective prime minister Yingluck Shinawatra can restore stability to the country after five years of political turmoil. Crown Prince Maha Vajiralongkorn was to preside over the ceremonial opening late Monday, with the 500-member assembly expected to select a speaker as early as Tuesday. The selection […]