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European Leaders Press Slovakia to Reverse Anti-Bailout Vote

Posted October 12th, 2011 at 10:00 am (UTC-5)
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European leaders are pressing Slovakia to quickly reverse its vote against expanding a bailout fund for the continent’s financially troubled countries. German Chancellor Angela Merkel, whose country has Europe’s biggest economy, warned Wednesday that the global economy is “heavily affected” by Europe’s governmental debt crisis. She said that “every country must contribute its share” to […]

Tags: , Posted in Economy, Europe

Libya’s NTC Controls 80% of Sirte

Posted October 12th, 2011 at 9:35 am (UTC-5)
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Libya’s provisional government fighters say they control more than 80 percent of Sirte, the hometown of former leader Moammar Gadhafi. However, the fighters said Wednesday they are still facing stiff resistance from Gadhafi loyalists who hold pockets of the coastal town. The National Transitional Council forces have made several significant advances in Sirte in recent […]

Tags: , , Posted in Middle East

Saudi Arabia Vows Iran Must Pay Price for Assassination Plot

Posted October 12th, 2011 at 9:30 am (UTC-5)
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Saudi Arabia has vowed that Iran must “pay the price” for an alleged scheme to assassinate the Saudi ambassador to the United States, as U.S. and British officials say they are discussing a push for a new round of sanctions against Tehran. Saudi Prince Turki al-Faisal, a former ambassador to Washington, said Wednesday the burden […]

Tags: , , Posted in Middle East

Biden: Iran Must be Held Accountable for Alleged Assassination Plot

Posted October 12th, 2011 at 9:10 am (UTC-5)
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U.S. Vice President Joe Biden says an alleged Iranian-backed attempt to assassinate the Saudi ambassador to the United States is an “outrageous act” for which Iran has to be held accountable. Tehran has denied any involvement in the case. Biden told the U.S. television network ABC on Wednesday that “nothing has been taken off the […]

Tags: , , , , , Posted in US

Israel: Prisoner Swap is Best Deal Possible

Posted October 12th, 2011 at 9:05 am (UTC-5)
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The chief of Israel’s Shin Bet security service says an agreement to exchange more than 1,000 Palestinian prisoners for captured Israeli soldier Gilad Shalit is the best deal possible. In a Wednesday news conference, Yoram Cohen said Israel could not guarantee that the Palestinians to be freed will not launch any terror attacks. But, he […]

Tags: , , , Posted in Middle East

Indian Supreme Court Lawyer Beaten

Posted October 12th, 2011 at 9:00 am (UTC-5)
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Two men burst into the office of an Indian Supreme Court lawyer and anti-corruption activist in an attack caught on video. Senior Supreme Court lawyer Prashant Bhushan was giving a television interview in his chambers, across from the Supreme Court in New Delhi, Wednesday when the assailants stormed in. They then pushed him to the […]

Tags: , Posted in South Asia

Food Aid Reaches More Than Half of Somalis in Need

Posted October 12th, 2011 at 8:40 am (UTC-5)
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The United Nations says food aid has been delivered to more than half of Somalia’s people in need, but food insecurity will likely be a major problem into next year. The U.N. humanitarian affairs office said Wednesday that more than 2.2 million people in Somalia have received food assistance, mostly in the famine-stricken south. However, […]

Tags: , Posted in Africa

Serbia Takes First Step Toward EU Membership

Posted October 12th, 2011 at 8:30 am (UTC-5)
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The European Commission has recommended that Serbia become a candidate for membership in the European Union, but will not open formal accession talks until Serbia does more to normalize relations with Kosovo. In a report released Wednesday, the commission said Serbia had made progress in meeting political criteria related to stability of institutions that guarantee […]

Tags: , , Posted in Europe

Bangkok Supermarkets Empty as Flood Fears Grow

Posted October 12th, 2011 at 8:30 am (UTC-5)
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Supermarkets across Bangkok say they are running out of food and supplies as residents prepare for massive flooding making its way toward the Thai capital. One cashier said his store’s shelves are almost empty. He said rice and instant noodles were among the first items to be purchased. Crews are erecting flood barriers along the […]

Tags: , Posted in East Asia Pacific

European Stocks Make Gains in Midday Trading

Posted October 12th, 2011 at 8:25 am (UTC-5)
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European stock markets show gains in Wednesday’s midday trading. The main Financial Times index in London is up three-tenths of one percent, the CAC-40 in Paris gained one and a quarter percent, and the DAX in Germany is up one-point-one percent. Futures contracts for the S&P 500 index in the United States were seven points […]

Tags: , , , Posted in Economy