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Russia Loses Contact With Newly-Launched Satellite

Posted August 18th, 2011 at 10:45 am (UTC-5)
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Russia’s federal space agency says it has lost contact with a major communications satellite shortly after its launch. The Express AM-4 satellite was launched atop a booster rocket from the Baikonur cosmodrome in Kazakhstan Thursday, on a mission to provide digital communications across Russia. The space agency said the satellite’s booster initially worked fine, but […]

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US & European Stocks Plunge

Posted August 18th, 2011 at 10:40 am (UTC-5)
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Stock prices plunged on U.S. and European exchanges Thursday, as the DAX index in Germany fell almost 7 percent and the U.S. benchmark Dow index was off more than 4 percent. The sell-off followed reports showing inflation and layoffs rose in the United States recently. Investors may have also been disappointed by a fall in […]

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U.S., World Powers Call for Syrian President’s Resignation

Posted August 18th, 2011 at 10:35 am (UTC-5)
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The United States and other world powers are calling for the resignation of Syrian President Bashar al-Assad because of his deadly crackdown on political protesters. U.S. President Barack Obama issued a statement Thursday saying the time had come for Mr. Assad to “step aside.” He released an executive order announcing “unprecedented sanctions” on Syria, in […]

Tags: , , Posted in Middle East

US Stocks Plunge in Early Trading Thursday

Posted August 18th, 2011 at 10:20 am (UTC-5)
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U.S. stock indexes plunged in early trading Thursday, echoing losses on European and Asian markets. The Dow Jones Industrial Average of 30 key stocks is off 3 percent, with the broader S & P 500 down 3.2 percent. The technology-heavy NASDAQ index is down 3.8 percent. In afternoon trading in Europe, London’s Financial Times index […]

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US: Report Says Credit Rating Company Under Investigation

Posted August 18th, 2011 at 10:15 am (UTC-5)
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A major American newspaper says the U.S. is investigating the financial services company that downgraded the U.S. credit rating for its faulty rating of mortgage securities that played a major role in the country’s 2008 recession. The New York Times reported that the Justice Department is looking at dozens of securities that Standard & Poor’s […]

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UN Pushes for Measures to End Hunger Cycle in Horn of Africa

Posted August 18th, 2011 at 9:55 am (UTC-5)
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A United Nations official says the world must help build “sustainable livelihoods” in the Horn of Africa to end cycles of hunger in the region. The head of the U.N. Food and Agriculture Organization, Jacques Diouf, said Thursday it is “unacceptable” that more than 12 million people in the region are at risk of starvation […]

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Obama Calls for Resignation of Syria’s President

Posted August 18th, 2011 at 9:50 am (UTC-5)
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U.S. President Barack Obama has called for the resignation of Syrian President Bashar al-Assad because of his deadly crackdown on anti-government protesters. In a written statement issued a short time ago , Mr. Obama said he strongly condemns what he called the “disgraceful attacks on Syrian civilians” by the Assad government. He said it is […]

Tags: , , , Posted in Middle East

Pope Scolds Profit Driven Economies

Posted August 18th, 2011 at 9:45 am (UTC-5)
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Pope Benedict is blaming Europe’s economic woes on economies driven solely by profit. The pope spoke to reporters on his papal plane shortly before arriving in Madrid Thursday to attend a four-day Catholic youth festival. He said economies needed to be guided by ethics and serve the common good, instead of being based on “the […]

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Lawyer: Mladic Well After Surgery

Posted August 18th, 2011 at 9:25 am (UTC-5)
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HEAD: Lawyer: Former Bosnian Serb Army Chief Mladic Well After Surgery DATE: 08/18/11 NUMBER: 1271215 TYPE: CN )) The lawyer for former Bosnian Serb military chief Ratko Mladic says his client is “well” after undergoing surgery in the Netherlands, where he is awaiting trial on war crimes charges. There are conflicting reports about the nature […]

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China Transfers Embattled Railway Official to Poland

Posted August 18th, 2011 at 9:25 am (UTC-5)
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China’s official Xinhua news agency says the spokesman for Beijing’s embattled railways ministry has been transferred to Poland, just weeks after a high speed crash of two bullet trains that killed 40 people in eastern China. Xinhua says spokesman Wang Yongping will be assigned to a Warsaw-based international railway cooperative organization. Wang sparked widespread outrage […]

Tags: , Posted in East Asia Pacific