Showing Archived Posts

US to Offer $100 Million in New Famine Aid for East Africa

Posted August 8th, 2011 at 11:35 am (UTC-5)
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The United States is set to offer $100 million in new drought and famine aid to East Africa, as a high-level U.S. team visits the region. U.S. officials say the new aid will be announced Monday. The United States has previously contributed more than $450 million to combat the regional drought. The U.S. delegation led […]

Tags: , , , , Posted in Africa

NATO Probes Cause of Deadly Helicopter Crash in Afghanistan

Posted August 8th, 2011 at 11:35 am (UTC-5)
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NATO is working to secure the site of a helicopter crash in central Afghanistan, where 38 people, including nearly two dozen members of the elite U.S. Navy SEALS, were killed when their aircraft was reportedly shot down by insurgents. Saturday’s crash in Wardak province was the deadliest incident for U.S. forces since the start of […]

Tags: , , Posted in South Asia

New Thai PM Takes Office

Posted August 8th, 2011 at 11:10 am (UTC-5)
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Thailand’s new Prime Minister Yingluck Shinawatra took office Monday, vowing to work for peace and national reconciliation. Ms. Yingluck won a landslide victory in July 3 elections and was officially made the country’s first female prime minister by a parliamentary vote on Friday. This had to be certified by Thailand’s King Bhumibol Adulyadej before she […]

Poland Opens Investigation Into Death of Former Deputy PM

Posted August 8th, 2011 at 11:10 am (UTC-5)
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Polish authorities have opened an investigation into the death of former deputy prime minister Andrzej Lepper, who was found hanged last week. Police suspect his death was a suicide. A spokesman said Monday there is no evidence that anyone else was involved but that an investigation is necessary to confirm this. Police officials say Lepper’s […]

Tags: , , Posted in Europe

India Pays Part of What it Owes Iran for Crude

Posted August 8th, 2011 at 11:10 am (UTC-5)
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Iran has received $1.4 billion from India in the past 10 days, a portion of overdue payments for Iranian oil. Iran’s central bank says India owes it nearly $5 billion for oil deliveries in recent months. India suspended payments for Iranian crude since December, in response to U.S. sanctions on banks doing business with Iran. […]

Tags: , , Posted in Economy, South Asia

Markets Drop; S&P Defends US Rating Cut

Posted August 8th, 2011 at 11:00 am (UTC-5)
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Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government’s credit rating and continued concerns about government debt problems in Europe. U.S. stock markets dropped more than 3 percent in the first hours of trading Monday. Major indexes across Asia closed between 2 percent and nearly 4 percent lower, […]

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

Chavez Says Second Chemotherapy Treatment to Start

Posted August 8th, 2011 at 10:50 am (UTC-5)
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Venezuelan President Hugo Chavez says he is to begin a second round of chemotherapy in Havana in the coming hours. Mr. Chavez said in a phone call to state media Monday that he has gained weight and recent blood and organ tests went well. The 57-year-old president is in Cuba for cancer treatment. He has […]

Tags: , Posted in Americas

Factors Cited by S&P in New US Rating

Posted August 8th, 2011 at 10:45 am (UTC-5)
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The international credit rating agency Standard & Poor’s says its decision to drop the status of U.S. government debt from “AAA” one level to “AA+” was based on an analysis of the same five “pillars” in the sovereign rating framework used to determine the creditworthiness of the 126 countries that S&P evaluates. The agency said […]

Tags: , , Posted in Economy, US

Bahrain, Kuwait Join Saudi Arabia in Recalling Envoys from Syria

Posted August 8th, 2011 at 10:35 am (UTC-5)
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Bahrain and Kuwait have joined Saudi Arabia in recalling their ambassadors from Damascus to protest Syria’s deadly crackdown on political dissidents who began protesting against the government almost five months ago. The foreign ministers of Bahrain and Kuwait said Monday they were recalling their envoys in the Syrian capital for consultations. Saudi Arabia became the […]

Tags: , , Posted in Middle East

NATO Secures Site of Helicopter Crash in Afghanistan

Posted August 8th, 2011 at 10:30 am (UTC-5)
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International forces are working to recover parts of a military helicopter that crashed in central Afghanistan, in the deadliest incident for U.S. forces since the start of the decade-long war. The Chinook helicopter went down Saturday during an anti-Taliban operation in Wardak province. Thirty U.S. troops, seven Afghan soldiers and an Afghan interpreter were killed. […]

Tags: , , Posted in South Asia