Confidence in the U.S. dollar, long the world’s premier currency, has been weakening as a reflection of investor doubts about the shaky American economy and the ability of its government to deal with burgeoning long-term debt. For years, as economies around the globe teetered, investors looked to the U.S. dollar as a safe-haven investment, with […]
Amid World Economic Volatility, the U.S. Dollar Is Weakening
Posted August 9th, 2011 at 10:20 am (UTC-5)
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Libya Accuses NATO of Deadly Strike Near Zlitan
Posted August 9th, 2011 at 10:15 am (UTC-5)
The Libyan government is accusing NATO forces of killing dozens of civilians in a village near the western town of Zlitan. Authorities said Tuesday that 85 people were killed late Monday following allied airstrikes over the region. State-run television showed video of what it said were victims of the strikes, including women and small children. […]
Markets Await US Federal Reserve Meeting
Posted August 9th, 2011 at 9:55 am (UTC-5)
Gold, a traditional safe investment in troubled times, has hit a series of record high prices. The prices of most other commodities, including oil, fell as investors appeared to expect a slowdown that would cut demand for energy and materials. U.S. President Barack Obama said he disagrees with the downgrade by the Standard and Poor’s […]
At Least 30 Drown in Comoros Boat Sinking
Posted August 9th, 2011 at 9:45 am (UTC-5)
At least 30 people, including a number of children, drowned after a passenger boat sank off the Comoros islands early Tuesday. Officials say the death toll could rise, as more than 100 people were on the boat. It was not immediately clear what caused the sinking. Rescue and recovery operations were continuing in rough seas. […]
Turkey’s FM Visits Syria Amid Protest Crackdown
Posted August 9th, 2011 at 9:40 am (UTC-5)
Turkey’s foreign minister has met with Syrian President Bashar al-Assad in a bid to press Syria to end its violent crackdown on dissent. Turkish officials say Ahmet Davutoglu traveled to Syria on Tuesday to deliver a “decisive” message to the Syrian leadership. Turkey has said it was running out of patience with its neighbor. The […]
Corruption Scandals Spark New Clashes in India
Posted August 9th, 2011 at 9:35 am (UTC-5)
Police in India’s capital blasted protesters with water cannons and beat them back with batons outside parliament as they try to contain rising outrage over a series of corruption scandals. Thousands of opposition supporters took the streets in New Delhi Tuesday, while inside the parliament building, opposition lawmakers staged a protest of their own. India’s […]
Bodies of US Troops Killed in Afghan Helicopter Crash to Return Home
Posted August 9th, 2011 at 9:25 am (UTC-5)
The remains of 30 U.S. soldiers killed in a helicopter crash in Afghanistan in central Afghanistan are set to be returned to the United States. The bodies of the troops, including 22 members of the elite Navy SEALS, were due to arrive Tuesday at Dover Air Force Base, where the Defense Department says a ceremony […]
Iraq’s Al-Sadr Tells US Troops to Leave or Face Resistance
Posted August 9th, 2011 at 9:20 am (UTC-5)
The radical Iraqi Shi’ite cleric, Muqtada al-Sadr, is calling on U.S. troops to leave Iraq or face resistance. His warning comes as Iraqi leaders prepare to discuss a possible extension of the U.S. military presence in the country. The anti-American cleric issued the warning to U.S. forces in a statement published on his website Tuesday. […]
World Food Program Accelerates Horn of Africa Aid
Posted August 9th, 2011 at 9:10 am (UTC-5)
The World Food Program says it is speeding up aid deliveries to the Horn of Africa, where more than 12 million people need urgent help to deal with famine and drought. The group said Tuesday it is starting the first of nine airlifts to Mombasa, Kenya, with enough high-energy biscuits to feed 1.6 million people […]
Libya Accuses NATO of Killing Villagers
Posted August 9th, 2011 at 9:05 am (UTC-5)
The Libyan government is accusing NATO forces of killing dozens of civilians in a village near the western town of Zlitan. Authorities said Tuesday that villagers were killed late Monday, following allied airstrikes over the region. The government said the victims included children. NATO says its warplanes hit targets in the Zlitan area on Monday […]
