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Ukraine Pressures Russia for New Gas Agreement

Posted September 2nd, 2011 at 11:15 am (UTC-5)
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Ukraine says it must reach a new agreement on the price it pays Russia for natural gas because of its plans to break up its national energy company, voiding the previous contracts. Ukrainian Prime Minister Mykola Azarov said Friday that the Naftogaz company, which signed the 10-year agreement with Russia’s monopoly Gazprom in 2009, will […]

Tags: , , Posted in Economy, Europe

Napolitano: No 9/11 Anniversary al-Qaida Plot Detected

Posted September 2nd, 2011 at 11:01 am (UTC-5)
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U.S. Homeland Security Secretary Janet Napolitano says there is no “credible intelligence” that al-Qaida or its affiliates are plotting attacks in the United States to coincide with the tenth anniversary of the September 11, 2001 terrorist attacks. But Napolitano says officials remain at a heightened state of vigilance. Her statement Friday said security measures are […]

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Six Cities Will Vie for 2020 Olympics

Posted September 2nd, 2011 at 11:00 am (UTC-5)
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The International Olympic Committee says six cities submitted bids to host the 2020 Olympics by Thursday’s midnight deadline. There were no surprises, as all six cities representing Europe, Asia and the Middle East had previously announced their candidacies. They are Rome; Madrid; Tokyo; Istanbul; Doha, Qatar; and Baku, Azerbaijan. All six contenders have made previous […]

Tags: Posted in Europe

Turkey Expels Israeli Ambassador Over UN Report

Posted September 2nd, 2011 at 10:45 am (UTC-5)
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Turkey has expelled Israel’s ambassador to Ankara and suspended all military agreements after details emerged of a United Nations report into last year’s deadly Israeli raid on a Gaza-bound Turkish ship. Turkish Foreign Minister Ahmet Davutoglu said Friday his government is reducing its diplomatic presence in Israel to the level of second secretary. The decision […]

Tags: , , , , , Posted in Middle East

US Job Growth Stalls

Posted September 2nd, 2011 at 10:30 am (UTC-5)
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Job growth stalled in the U.S. economy in August, leaving the unemployment rate at a relatively high 9.1 percent. Friday’s report from the Labor Department shows no net gain of jobs in August, compared to an estimated net gain of 85,000 in July. Most economists had predicted the figures would show at least some gains […]

Tags: , , , Posted in Economy, US

Iraq Renews Probe Into Deadly US Raid

Posted September 2nd, 2011 at 10:15 am (UTC-5)
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Iraq has renewed an investigation into a U.S. raid in 2006 that resulted in the deaths of at least 10 civilians. An aide to Prime Minister Nouri al-Maliki said Friday the government would take another look at the case because of new evidence suggesting the civilians were executed. The aide cited a document sent by […]

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US Stocks Fall Sharply in Early Friday Trading

Posted September 2nd, 2011 at 10:10 am (UTC-5)
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U.S. stock indexes fell sharply early Friday after the government reported that the American economy added no new jobs in August. The Dow Jones Industrial Average of 30 key stocks and the technology-laden NASDAQ are both off 2 percent. The broader S&P 500 is down 2.1 percent. Stocks were markedly lower in afternoon trading on […]

Tags: , , , Posted in Economy

China Shuts Down US Operated Oil Field

Posted September 2nd, 2011 at 10:10 am (UTC-5)
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Beijing is ordering a U.S.-based oil company to stop drilling in one of China largest offshore fields, accusing the firm of failing to plug an ongoing leak. China’s State Oceanic Administration Friday told ConocoPhillips to stop production at the Penglai 19-3 oil field in Bohai Bay. It said the U.S. company’s efforts to repair the […]

Tags: , , Posted in East Asia Pacific, Economy

Greek Recession Deepens, Complicating Its Deficit Reduction

Posted September 2nd, 2011 at 9:50 am (UTC-5)
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Greece says its recessionary economy may shrink 5 percent this year, making it more difficult for the debt-ridden government to meet its pledge to reduce its deficit. The country’s economic plight led to a break-off in talks Friday between Greek financial officials and inspectors from the International Monetary Fund, the European Union and the European […]

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Earthquake Hits Alaska’s Aleutian Islands

Posted September 2nd, 2011 at 9:45 am (UTC-5)
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An earthquake struck the Aleutian Islands in the far northwestern U.S. state of Alaska Friday, prompting a tsunami warning for the remote region that was later canceled. The U.S. Geological Survey says the earthquake occurred in the Pacific Ocean early Friday at a depth of about 35 kilometers. The agency initially recorded the quake’s magnitude […]

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