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Ethiopia Charges Swedish Journalists With Terrorism

Posted September 7th, 2011 at 6:10 pm (UTC-5)
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Ethiopia has charged two Swedish journalists with terrorism following their arrest in July. Ethiopian officials say Johan Persson and Martin Schibbye were taken before a judge in Addis Ababa this week and charged under a newly-enacted anti-terrorism law. The two were captured by Ethiopian troops in the volatile Ogaden region where rebels are fighting government […]

Tags: , , Posted in Africa

Former New Mexico Governor Seeks Release of American in Cuba

Posted September 7th, 2011 at 6:05 pm (UTC-5)
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Former New Mexico governor Bill Richardson is traveling to Cuba to seek the release of U.S. contractor Alan Gross, who is serving 15 years in prison for crimes against the communist state. The State Department said Wednesday it was “aware” of Richardson’s trip and that it supports the former governor’s efforts to obtain Gross’s release. […]

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Italian, Spanish Senates Pass Unpopular Austerity Measures

Posted September 7th, 2011 at 5:40 pm (UTC-5)
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Lawmakers in Italy and Spain voted Wednesday in favor of their government’s austerity plans, despite massive protests in both countries. Italian Prime Minister Silvio Berlusconi survived a confidence vote in the Senate over his government’s $76 billion austerity plan to stave off the country’s financial crisis. Parliament’s upper chamber voted Wednesday night after days of […]

Tags: , , , Posted in Europe

Republicans Ready for U.S. Presidential Debate

Posted September 7th, 2011 at 5:05 pm (UTC-5)
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Rick Perry, a front-runner presidential candidate from the U.S. Republican party, is in California to participate in his first nationally-televised debate with his Republican rivals. The Texas governor arrived Wednesday, despite wildfires scorching his state. Perry left an appearance in South Carolina earlier this week to respond to the fires, and it had been uncertain […]

Tags: , , , Posted in US

US Stocks Close Sharply Higher

Posted September 7th, 2011 at 4:50 pm (UTC-5)
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U.S. stock indexes closed sharply higher Wednesday as investor worries about the European economy eased. The Dow Jones Industrial Average finished the day 2.5 percent higher at 11,415. The Standard & Poor’s 500 Index was up almost 3 percent to 1,199. The NASDAQ rose more than 3 percent to 2,549. European stocks also jumped sharply. […]

Tags: , , , Posted in Economy

Russian Plane Crash Kills 43, Including World Hockey Stars

Posted September 7th, 2011 at 4:25 pm (UTC-5)
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A private Russian jet carrying a local ice hockey team crashed shortly after takeoff Wednesday in western Russia, killing at least 43 people. The accident killed members of the local Lokomotiv Yaroslavl team, many of them international hockey stars. Several coaches and club officials were also killed. One player and a member of the crew […]

Tags: , , , , Posted in Europe

US Raises Alert Level at Military Bases

Posted September 7th, 2011 at 3:51 pm (UTC-5)
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The United Stated is raising the alert level at its domestic military bases just days before the country marks the 10th anniversary of the September 11, 2001 attacks on New York and the Pentagon. Pentagon spokesman George Little said Wednesday the move was a precautionary measure and not the result of any particular threat. During […]

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US Economy Grew Modestly, but Unevenly in Recent Weeks

Posted September 7th, 2011 at 3:46 pm (UTC-5)
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The U.S. central bank says the country’s economy grew modestly in the last several weeks, even as consumers cut their spending and factories curbed their production in some communities. The Federal Reserve said Wednesday said the survey of its 12 geographic districts showed that economic growth was uneven throughout the nation from mid-July to near […]

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Crude Oil Prices Increase

Posted September 7th, 2011 at 3:45 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: Crude oil prices increased $3.32 to close at $89.34 a barrel. Coffee prices rose more than 3 cents to end at $2.86 per pound. The price of copper jumped more than 7 cents to finish at $4.12 a pound. Cocoa futures […]

Tags: Posted in Economy

US: Obama to Propose $300 Billion Plan to Boost Economy

Posted September 7th, 2011 at 3:41 pm (UTC-5)
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U.S. President Barack Obama’s plan to jump-start the lagging United States economy and create jobs reportedly could cost $300 billion. U.S. news media report the price tag and say Mr. Obama will lay out a variety of tax cuts, aid for unemployed workers and construction spending when he speaks to a joint session of Congress […]

Tags: , , , , Posted in Economy