Here are the prices of some key commodities traded in New York on Thursday: Crude oil prices slid $5.41 to end at $80.51 a barrel. Coffee futures dropped nearly 13 cents to close at $2.39 a pound. Copper prices fell more than 27 cents to close at $3.48 a pound. Cocoa futures dropped $47 to […]
Striking Greek Workers Protest New Austerity Cuts
Posted September 22nd, 2011 at 4:20 pm (UTC-5)
Striking Greek transport workers brought Athens to a standstill Thursday in a new protest against austerity measures imposed by the government to secure international financing for the debt-ridden country. Public transport workers and taxi drivers walked off their jobs, as well as air traffic controllers and teachers. Some newspapers also reacted angrily to the demands […]
Stock Markets Plunge
Posted September 22nd, 2011 at 4:15 pm (UTC-5)
The major U.S. stock indexes plunged Thursday on investor worries about weak economic growth. The Dow Jones Industrial Average dropped 3.5 percent to finish at 10,734. The S&P 500 index fell 3.2 percent to end at 1,130 while the NASDAQ slid 3.3 percent to close at 2,456. European stock prices also tumbled sharply. London’s Financial […]
Karzai: Rabbani Killer Used Fake Peace Message for Access
Posted September 22nd, 2011 at 4:15 pm (UTC-5)
Afghan President Hamid Karzai says the suicide bomber who killed former president Burhanuddin Rabbani at his Kabul home Tuesday used a fake peace message from the Taliban to gain access to him. Mr. Rabbani, the head of Afghanistan’s High Peace Council, was killed when the attacker detonated explosives hidden in his turban. He was leading […]
Iran’s President Blasts Western Powers in UN Speech
Posted September 22nd, 2011 at 3:58 pm (UTC-5)
Iranian President Mahmoud Ahmadinejad, during a speech to the U. N. General Assembly Thursday, harshly criticized the United States, Israel, and the West, accusing them of provoking wars, promoting global discord and spreading “totalitarianism.” Mr. Ahmadinejad also blamed what he called “arrogant powers” of the West for causing worldwide recession and social inequalities. While he […]
Oil Price Drops Sharply
Posted September 22nd, 2011 at 3:35 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Thursday: Crude oil prices slid $5.41 to end at $80.51 a barrel. Coffee futures dropped nearly 13 cents to close at $2.39 a pound. Copper prices fell more than 27 cents to close at $3.48 a pound. Cocoa futures dropped $47 to […]
Turkish Vessel to Search for Oil, Gas in Mediterranean
Posted September 22nd, 2011 at 3:27 pm (UTC-5)
Turkey’s energy minister says a Turkish ship will set sail for the Mediterranean to begin oil and gas exploration. Taner Yildiz said Thursday the research vessel Piri Reis will head for the eastern Mediterranean Friday to explore in Turkish Cypriot waters. Turkey’s decision to dispatch the ship comes after Ankara and the Turkish Cypriots of […]
IAEA Endorses Global Nuclear Safety Plan
Posted September 22nd, 2011 at 3:25 pm (UTC-5)
The United Nations nuclear agency has endorsed a plan to help strengthen global nuclear safety in the wake of Japan’s Fukushima accident six months ago. The International Atomic Energy Agency approved the plan Thursday at its annual conference in Vienna , despite complaints from some members that the plan does not go far enough. The […]
Global Markets Plunge on US Economic Recovery Doubts
Posted September 22nd, 2011 at 3:15 pm (UTC-5)
Global stock markets plunged Thursday as investors worried that the U.S. economy, the world’s largest, would not turn robust anytime soon and instead help drag the world economy into another recession. U.S. stock markets plummeted about 4 percent in late-day trading, with the broad-based S&P index of 500 companies retreating to its lowest point of […]
Libya’s Provisional Fighters Expand Control of Former Gadhafi Stronghold
Posted September 22nd, 2011 at 3:06 pm (UTC-5)
Fighters with Libya’s National Transitional Council are claiming control of the town of Sabha, one of the few remaining strongholds for loyalists to Moammar Gadhafi. The NTC said Thursday that its forces have gained control of all districts of the southern town but still face pockets of resistance from snipers. Provisional authority fighters said Wednesday […]
