The United States and Britain are calling for a tougher stance over Syria’s bloody crackdown on protesters, demanding tough new international sanctions to force President Bashar Assad from office. U.S. Secretary of State Hillary Clinton said Thursday the world community should escalate pressure on Syrian President Bashar al-Assad by targeting the country’s oil and gas […]
US, Britain Call for Tougher Sanctions on Syria
12 Killed in NW Pakistan
Pakistani authorities say at least 12 people were killed Thursday in two separate attacks in the country’s volatile northwest. Local police said that in the first attack in the Lakki Marwat district of Khyber-Pakhtunkhwa province, a suicide car bomber blew himself up as he approached a police station. The blast killed the bomber and at […]
Oil Companies Evacuate Gulf Workers Under Storm Threat
Oil companies are evacuating workers in the Gulf of Mexico ahead of what U.S. forecasters say could become a powerful storm. The National Hurricane Center says a low pressure system over the Gulf could develop into a tropical cyclone in the next two days. The potential threat to oil and gas platforms off the southern […]
Ukraine Gives Russia Ultimatum on Gas Deal
Ukraine has given Russia a final chance to resolve a dispute over exporting less natural gas to Ukraine. Ukrainian Prime Minister Mykola Azarov said in a speech Thursday that his government will make one more attempt with Russian officials to reach a long-term agreement. He said if this does not happen, the responsibility for the […]
White House: Unemployment to Stay High Through 2012
The White House has released new figures indicating the U.S. economy will grow by about 1.7 percent this year and that the nation’s unemployment rate might still be as high as 9 percent next year. Officials predict the jobless rate will average 9.1 percent this year. The Office of Management and Budget released the report […]
Obama to Participate in UN General Assembly Later This Month
U.S. President Barack Obama will travel to New York city on September 19 to attend the annual meeting of the United Nations General Assembly. The White House says while in New York, Mr. Obama will also attend bilateral and multilateral meetings on the sidelines of the annual event. President Obama is to also speak at […]
Oil Price Edges Up
Here are the prices of some key commodities traded in New York on Thursday: Crude oil edged up 12 cents to close at $88.93 a barrel. Coffee increased more than a penny to end at $2.91 per pound. Copper fell more than 4 cents to finish at $4.14 a pound. Cocoa futures dropped $38 to […]
US Stocks Fall
U.S. stocks declined in Thursday’s trading. The Dow Jones Industrial Average lost one percent to end at 11,494. The S&P 500 was off 1.2 percent to close at 1,204 while the NASDAQ dropped 1.3 percent to hit 2,546. European stocks were mixed at the close of trading. London’s Financial Times index rose half a percent […]
World Powers Line Up Behind Libya’s Provisional Government
World powers have pledged to give Libya’s provisional authority billions of dollars in financial and humanitarian support. They announced the assistance plans on Thursday at the end of a Paris conference that included representatives of 60 nations and Libya’s National Transitional Council . U.S. Secretary of State Hillary Clinton told delegates that the U.N. should […]
Ukraine Gives Russia Ultimatum on Gas Deal
Ukraine has given Russia a final chance to resolve a dispute over exporting less natural gas to Ukraine. Ukrainian Prime Minister Mykola Azarov said in a speech Thursday that his government will make one more attempt with Russian officials to find a long-term agreement. He said if this does not happen, then responsibility for the […]