The top U.S. finance official is sending a warning to his European counterparts, telling them they must act now to stop the continent’s debt crisis from spreading. U.S. Treasury Secretary Timothy Geithner told leaders of the International Monetary Fund Saturday that European governments must work closely with the European Central Bank to make sure no […]
US Warns Europe Time for Financial Action is Now
Posted September 24th, 2011 at 11:18 am (UTC-5)
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Indian Prime Minister Says World Economic Crisis is Deepening
Posted September 24th, 2011 at 11:13 am (UTC-5)
Indian Prime Minister Manmohan Singh has warned that the world economic crisis is deepening, threatening developing countries and the global financial system. In his address to the United Nations General Assembly Saturday, Mr. Singh said the “shoots of recovery” that appeared after the 2008 crisis “have yet to blossom” and in many respects, he said, […]
Voting Underway in Bahrain, UAE
Posted September 24th, 2011 at 11:10 am (UTC-5)
Voters in the Gulf nations of Bahrain and the United Arab Emirates are casting election ballots on Saturday. Bahrain is holding parliamentary elections to fill 18 seats that were abandoned by the main opposition party in February. The Shi’ite lawmakers in the Wefaq party quit to protest the government’s bloody crackdown on pro-democracy demonstrators. In […]
Putin Announces Run for President in 2012
Posted September 24th, 2011 at 10:45 am (UTC-5)
Russian Prime Minister Vladimir Putin has confirmed he will run for president next March after President Dmitry Medvedev proposed the idea. Mr. Medvedev proposed Saturday that Mr. Putin run for president in 2012 elections, a move that would almost guarantee Mr. Putin’s return to the post four years after he was legally forced to step […]
Libya’s NTC Battles for Control of Sirte
Posted September 24th, 2011 at 10:15 am (UTC-5)
Heavy artillery fire rocked the Libyan town of Sirte Saturday as provisional government fighters battled former leader Moammar Gadhafi’s loyalists. National Transitional Council fighters pushed into the town’s center earlier this week but have been facing stiff resistance from snipers and other pro-Gadhafi forces. The provisional fighters are also trying to gain the upper hand […]
Chinese Villagers Protest Government Land Acquisition
Posted September 24th, 2011 at 10:00 am (UTC-5)
Villagers in China’s Guangdong province have held a fourth day of protests against what they say is an illegal acquisition of farmland by the local government. Hundreds of villagers gathered Saturday in the city of Lufeng to demand that officials explain their reasoning for the land acquisition apparently intended for development. Local residents clashed with […]
Palestinian Official Critical of Call for Talks With Israel
Posted September 24th, 2011 at 9:45 am (UTC-5)
The Palestinian foreign minister says a new initiative calling for the resumption of peace talks with Israel is insufficient because it does not include a call for an Israeli settlement construction freeze. Raid al-Malki criticized the plan from the Middle East Quartet on Saturday, a day after Palestinians formally launched a bid for United Nations […]
Trading Scandal Chases Swiss Banking Executive
Posted September 24th, 2011 at 9:30 am (UTC-5)
The chief executive of Switzerland’s biggest bank is stepping down after a trading scandal cost the financial institution $2.3 billion. UBS announced Oswald Gruebel’s resignation Saturday. Bank Chairman of the Board of Directors Kaspar Villiger said in a statement that the bank had wanted Gruebel to stay on but that the chief executive felt he […]
Clashes in Yemen’s Capital Leave 40 Dead
Posted September 24th, 2011 at 9:19 am (UTC-5)
Clashes between pro- and anti-government forces have left at least 40 people dead in Yemen on Saturday, a day after President Ali Abdullah Saleh unexpectedly returned to the country and called for a truce. Saturday’s unrest erupted in the capital, Sana’a, where government security forces have been battling opponents on several fronts. Activists say forces […]
Libya’s Provisional Fighters Battle for Sirte
Posted September 24th, 2011 at 8:36 am (UTC-5)
Heavy artillery fire rocked the Libyan town of Sirte Saturday as provisional government fighters battled former leader Moammar Gadhafi’s loyalists. National Transitional Council fighters pushed into the town’s center earlier this week but have been facing stiff resistance from snipers and other pro-Gadhafi forces. The provisional fighters are also trying to gain the upper hand […]
