U.S. stocks declined in Tuesday’s early trading. The Dow Jones Industrial Average and the S&P 500 dropped eight-tenths of a percent, while the NASDAQ moved down seven-tenths of a percent. European stock markets were mixed in Tuesday’s afternoon trading. London’s Financial Times 100 index was down two-tenths of a percent, the CAC-40 in Paris fell […]
South Africa Unveils $3.2 Billion Stimulus Plan
Posted October 25th, 2011 at 9:40 am (UTC-5)
South Africa’s government has unveiled a $3.2 billion stimulus plan aimed at boosting industrial output and creating jobs in sub-Saharan Africa’s largest economy. Finance Minister Pravin Gordhan announced the six-year package during his mid-term budget speech in Cape Town on Tuesday. Gordhan said the government’s key challenge is to make South Africa more competitive in […]
Survivors Rescued From Turkey’s Earthquake
Posted October 25th, 2011 at 9:35 am (UTC-5)
Rescuers who continue to search for survivors following Sunday’s 7.2-magnitude earthquake in eastern Turkey rescued a two-week-old baby girl and her mother from the rubble of a collapsed apartment building on Tuesday. The two had been pinned inside the building nearly 48 hours after the quake toppled more than 2,000 buildings. The father was also […]
US Burma Envoy Meets Aung San Suu Kyi
Posted October 25th, 2011 at 9:20 am (UTC-5)
The new U.S. special envoy to Burma has met in Rangoon with pro-democracy opposition leader Aung San Suu Kyi, as Washington presses the new, nominally-civilian Burmese government to continue releasing political prisoners. Tuesday’s meeting comes on the second day of a two-day visit by Derek Mitchell, who met Monday with government officials in Burma’s administrative […]
Kenyan Lawmaker Denounces Somali President’s Comments
Posted October 25th, 2011 at 9:15 am (UTC-5)
A top Kenyan lawmaker is denouncing Somalia’s president for his opposition to Kenya’s incursion into Somalia. In an interview Tuesday with VOA , Deputy Speaker of Parliament Farah Moallim says the comments of Somali President Sheikh Sharif Sheikh Ahmed do not reflect the interest of the Somali people. Kenya sent troops into southern Somalia a […]
Yemeni Troops Fire on Protesters, Killing 2
Posted October 25th, 2011 at 9:10 am (UTC-5)
Medical workers in Yemen say security forces have fired on anti-government protesters in the capital, Sana’a, killing at least two people. Medics say the troops loyal to President Ali Abdullah Saleh also wounded at least 40 people Tuesday as tens of thousands of protesters continued their call for the president to step down. There are […]
Senior Judge Shot in Pakistan-Controlled Kashmir
Posted October 25th, 2011 at 9:10 am (UTC-5)
A gunman has shot and wounded a senior judge in Pakistan-controlled Kashmir. Police say the chief justice of the region’s high court, Ghulam Mustafa Mughal, was shot Tuesday in Pakistan-controlled Kashmir’s capital, Muzaffarabad. Mughal was rushed to a military hospital, where doctors said he was in stable condition. Authorities were searching for the gunman. Police […]
Iran Widens Probe Into Bank Fraud Case
Posted October 25th, 2011 at 9:10 am (UTC-5)
Iranian authorities have widened an investigation into a bank fraud case believed to be the largest in the country’s history. Iran’s State Prosecutor Gholam Hossein Mohseni Ejei told state television that 67 people have been summoned for questioning and 31 detained in the $2.6 billion case. He said the main suspect, Iranian businessman Amir Mansour […]
Rights Group Seeks Independent Probe into Violence Against Egypt’s Copts
Posted October 25th, 2011 at 9:00 am (UTC-5)
A rights group is calling for an independent probe into the Egyptian military’s use of force against Coptic Christian protesters earlier this month. Human Rights Watch is urging Egypt’s military rulers to transfer the investigation from a military prosecution to a non-partisan inquiry. An official with the group says the military cannot investigate itself with […]
India Raises Interest Rates Again to Curb Inflation
Posted October 25th, 2011 at 8:55 am (UTC-5)
India’s central bank has raised interest rates for the 13th time since March of 2010, in another attempt to curb the country’s high inflation. The Reserve Bank of India on Tuesday raised its short-term lending rate, or repo rate , by 25 basis points, to 8.50 percent. RBI Governor Duvvuri Subbarao said he expected inflationary […]
