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US, European Stocks Advance in Wednesday Trading

Posted October 5th, 2011 at 11:40 am (UTC-5)
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Stocks advanced in the United States and Europe on Wednesday. In the U.S., the Dow Jones Industrial Average is up one-half of one percent in early day trading. The S & P 500 is ahead seven-tenths of a percent, while the NASDAQ is up 1.1 percent. European stock prices are sharply higher in afternoon trading. […]

Tags: , , , Posted in Economy

Europe Pushes Toward More Bank Funding

Posted October 5th, 2011 at 11:10 am (UTC-5)
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European officials are moving to add new funding for troubled banks on the continent that are weighed down by the possibility of a Greek default on its debts. German Chancellor Angela Merkel, leader of the country with Europe’s strongest economy, lent her support Wednesday. She said there should be a Europe-wide cash infusion for the […]

Tags: , , , Posted in Economy, Europe

UN Warns of Looming Food Crisis in Sudan

Posted October 5th, 2011 at 11:05 am (UTC-5)
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The United Nations is warning that two states in Sudan face a looming food crisis because of fighting between government troops and the party of former rebels. The U.N. Food and Agriculture Organization on Wednesday called for “urgent action” in Blue Nile and Southern Kordofan states, both located along the border with newly-independent South Sudan. […]

Tags: , , Posted in Africa

Panetta: ‘Gaps’ in NATO’s Libya Mission

Posted October 5th, 2011 at 10:35 am (UTC-5)
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U.S. Defense Secretary Leon Panetta says the NATO air campaign over Libya has exposed “gaps” in the alliances’ capabilities. Panetta told NATO defense ministers in Brussels on Wednesday that the gaps include a shortages of drones , refueling tanks and intelligence specialists. He said the U.S. had to step in to fill some of the […]

Tags: , , Posted in Middle East

German Prosecutors Reopen Investigations into Hundreds of Nazi Death-Camp Guards

Posted October 5th, 2011 at 10:35 am (UTC-5)
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German prosecutors have reopened the case files of hundreds of former Nazi death-camp guards under a new precedent set by the conviction of John Demjanjuk. The Ukrainian-born Demjanjuk, who is now 91, was a guard at the Sobibor death camp in Poland. In May, he was sentenced to five years in prison as an accessory […]

Tags: , , Posted in Europe

Afghan Authorities Foil Alleged Karzai Assassination Plot

Posted October 5th, 2011 at 10:35 am (UTC-5)
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Afghan officials say authorities have foiled an alleged plot to assassinate President Hamid Karzai. Afghanistan’s intelligence agency said Wednesday they arrested six suspects, including some who allegedly receiving training in Pakistan’s North Waziristan tribal region. National Directorate of Security spokesman Lutfullah Mashal says a “dangerous and educated group” including teachers and students with ties to […]

Tags: , , Posted in South Asia

Turkish PM: Israel Threat Because of Nuclear Weapons

Posted October 5th, 2011 at 10:30 am (UTC-5)
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Turkish Prime Minister Recep Tayyip Erdogan says Israel is a threat to the Middle East because it possesses nuclear weapons. Mr. Erdogan made his comments Wednesday in a foreign policy speech during a trip to South Africa. He did not explain why he made the claim about the Jewish state. Israel has never confirmed or […]

Tags: , Posted in Europe

NATO Defense Ministers Meet on Libya, Afghanistan

Posted October 5th, 2011 at 10:05 am (UTC-5)
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U.S. Defense Chief Leon Panetta has warned NATO defense ministers that they can no longer count on the United States to cover financial shortfalls that have plagued alliance operations in Libya and Afghanistan. NATO defense ministers are meeting Wednesday in Brussels to discuss the alliance’s ongoing mission in Libya, the war in Afghanistan and efforts […]

Tags: , , , Posted in Europe

Turkey Threatens Syria Sanctions Despite UN Resolution Veto

Posted October 5th, 2011 at 10:00 am (UTC-5)
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HEAD: Turkey Threatens Syria Sanctions Despite UN Resolution Veto DATE: 10/05/11 NUMBER: 1456184 TYPE: CN )) Turkish Prime Minister Tayyip Recep Erdogan says his government will impose its own sanctions on Syria, despite the failure of a European-drafted resolution at the U.N. Security Council. Russia and China vetoed the resolution Tuesday, sparking U.S. and European […]

Tags: , , , Posted in Middle East

Obama Signs Budget Stop-Gap Measure

Posted October 5th, 2011 at 9:55 am (UTC-5)
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U.S. President Barack Obama has signed a short-term budget measure that funds the federal government through November 18. President Obama signed the bill early Wednesday. The House of Representatives passed the legislation Tuesday. The Senate approved it last week. The legislation gives Congress and the White House more time to work out their differences on […]

Tags: , Posted in US