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Pakistan’s Army Head Blasts Mullen Comments as ‘Baseless’

Posted September 23rd, 2011 at 12:54 pm (UTC-5)
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Pakistan’s army chief is dismissing U.S. accusations that its military spy agency supports al-Qaida-linked militants who attack American targets in Afghanistan as “not based on facts.” U.S. officials have long maintained that Haqqani militants attack U.S. targets in Afghanistan and then take shelter in sanctuaries across the border in Pakistan’s North Waziristan tribal region. On […]

Tags: , , , Posted in South Asia

Palestinians Seek Statehood Application to UN

Posted September 23rd, 2011 at 12:45 pm (UTC-5)
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Palestinian leader Mahmoud Abbas on Friday asked the United Nations to recognize a state of Palestine, despite U.S. and Israeli opposition against the bid. Addressing the U.N. General Assembly after receiving a standing ovation, the president of the Palestinian Authority called Israel “the occupying power” and said its control of Palestinian enclaves is a policy […]

Tags: , , , Posted in Middle East

US Stocks Advance Slightly in Midday Trading Friday

Posted September 23rd, 2011 at 12:45 pm (UTC-5)
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U.S. stock indexes advanced modestly in midday trading Friday, a day after markets plunged. The Dow Jones Industrial Average is up two-tenths of one percent, while the S&P 500 is ahead seven-tenths of a percent. The NASDAQ is up one percent. European stock markets closed higher. London’s Financial Times 100 index climbed one-half of one […]

Tags: , , , Posted in Europe

Turkish Ship Leaves to Search for Oil, Gas in Mediterranean

Posted September 23rd, 2011 at 12:35 pm (UTC-5)
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A Turkish ship has set sail for the eastern Mediterranean to begin oil and gas exploration in the waters off northern Cyprus. Television footage showed the research vessel Piri Reis leaving an Aegean port Friday. The ship’s departure comes after Turkey and the Turkish Cypriots of northern Cyprus signed a deal Wednesday to explore for […]

Tags: , Posted in Europe

NTC To Announce Libyan Interim Government

Posted September 23rd, 2011 at 12:27 pm (UTC-5)
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Libya’s National Transitional Council says it will announce a framework for the country’s interim government within the next few days. NTC spokesman Abdel Hafiz Ghoga announced Friday that the interim government will include 22 ministries and a deputy prime minister. Meanwhile, NTC fighters launched an assault Friday on Sirte, the hometown of former leader Moammar […]

Tags: , , Posted in Middle East

US, European Stock Markets End Their Freefall

Posted September 23rd, 2011 at 12:26 pm (UTC-5)
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U.S. and European stock markets steadied themselves Friday, advancing slightly the day after sustaining massive losses spawned by fears the world is headed into another recession. Finance officials from 20 of the world’s emerging and wealthy nations pledged to launch a coordinated effort to bolster the struggling global economy. Investors have watched as $3.4 trillion […]

Tags: , , , Posted in Economy

New Congressional Clash Threatens Government Shutdown

Posted September 23rd, 2011 at 12:24 pm (UTC-5)
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Republican leaders in the U.S. House of Representatives are lashing out at the Democratic-led Senate in the latest round of partisan bickering that could shut down Washington. House Speaker John Boehner told reporters the Republican-led House upheld its responsibility by passing an emergency spending bill early Friday morning, and criticized Senate Democrats for threatening to […]

Tags: , , , , Posted in East Asia Pacific

US Automakers Haggling With Union

Posted September 23rd, 2011 at 12:19 pm (UTC-5)
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The United Auto Workers union is haggling with the three major U.S.-based automakers over wages and working conditions for its 113,000 members. Talks with each company are in different stages. The UAW says it is set to begin “high level financial talks” with Ford on Monday. Ford is the only major U.S. automaker that avoided […]

Tags: , , Posted in Economy

NASA Satellite to Fall to Earth Late Friday, Early Saturday

Posted September 23rd, 2011 at 12:11 pm (UTC-5)
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The U.S. space agency NASA says debris from a decommissioned satellite, the size of a city bus, is moving slower than expected and will make its fiery re-entry into the Earth’s atmosphere late Friday or early Saturday. Officials said there now is a slim chance that debris from the 5.4-ton satellite might land in the […]

Tags: , , , , , Posted in US

Palestinians Submit Statehood Application to UN

Posted September 23rd, 2011 at 12:06 pm (UTC-5)
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Palestinian leader Mahmoud Abbas on Friday petitioned the United Nations to recognize a state of Palestine, despite U.S. and Israeli warnings against the bid. Mr. Abbas submitted paperwork before addressing the U.N. General Assembly where he is expected to provide details of the Palestinian effort. Trying to forestall the bid, the Obama administration has been […]

Tags: , , , Posted in Middle East