Europe’s central bank has decided to leave its benchmark interest rate unchanged, even as the continent’s economy weakens. But its British counterpart has decided to pump more money into the economy in an effort to stave off a new recession. The European Central Bank said Thursday it considered lowering its key lending rate of 1.5 […]
Europe Leaves Its Key Interest Rate Unchanged
Posted October 6th, 2011 at 12:45 pm (UTC-5)
Leave a comment
Pakistani Doctor Involved in Bin Laden Raid Accused of Treason
Posted October 6th, 2011 at 12:30 pm (UTC-5)
A Pakistani doctor who allegedly helped the United States in the raid that killed Osama bin Laden is being accused of treason. A Pakistani commission said Thursday that the government should file conspiracy and high treason charges against Shakeel Afridi. Afridi is accused of running a fake vaccination campaign to help U.S. intelligence obtain DNA […]
Report: Grandson of N. Korean Leader Denied Hong Kong Study Visa
Posted October 6th, 2011 at 12:30 pm (UTC-5)
A leading Hong Kong newspaper says the grandson of North Korean leader Kim Jong IL has been denied a visa to study in the city. The English-language South China Morning Post said 16-year-old Kim Han-sol had been accepted by the international United World College in Hong Kong, but that his visa bid was rejected by […]
UN Raises Death Toll in Syrian Violence
Posted October 6th, 2011 at 12:25 pm (UTC-5)
The United Nations has raised the death toll in Syria’s crackdown on dissent. The U.N. human rights office said Thursday that more than 2,900 people have died in the unrest, now in its seventh month. The U.N. put the death figures last month at 2,700. Meanwhile, the Syrian activists say fighting between government soldiers and […]
China Currency Bill Advances In US Senate
Posted October 6th, 2011 at 12:20 pm (UTC-5)
U.S. President Barack Obama says China has been “gaming” the international trading system by intervening in the foreign exchange markets to make its currency cheaper. He says the action hurts U.S. companies by making their goods more expensive in China and giving Chinese-made goods a price advantage on U.S. markets. Mr. Obama spoke Thursday in […]
For First Time, US Home Loans Below 4 Percent
Posted October 6th, 2011 at 12:00 pm (UTC-5)
For the first time, interest rates on the most common home loans in the United States have fallen below 4 percent. A large government-supported mortgage financing company, Freddie Mac, said Thursday that the average rate on traditional 30-year loans to buy a house has fallen to 3.94 percent. That is the lowest rate the company […]
Britain Rejects War Crimes Warrant For Israeli Politician
Posted October 6th, 2011 at 12:00 pm (UTC-5)
Britain’s chief prosecutor has blocked an attempt to serve visiting Israeli politician Tzipi Livni with an arrest warrant for war crimes, stemming from her time as Israel’s foreign minister. The decision by Director of Public Prosecutions Keir Starmer Thursday comes weeks after Britain revised its law on universal jurisdiction. The revised law allows British courts […]
Obama Urges US Congress to Pass Jobs Bill
Posted October 6th, 2011 at 11:50 am (UTC-5)
U.S. President Barack Obama is urging Congress to pass his $447 billion jobs proposal, saying it will boost economic growth and put people back to work. He told reporters at the White House Thursday that the American people need help and the economy needs a “jolt” right now. He says the economy is too fragile […]
Pakistan’s Supreme Court Orders Action on Karachi Violence
Posted October 6th, 2011 at 11:45 am (UTC-5)
Pakistan’s Supreme Court is calling on political parties in Karachi to cut all ties to criminal groups that it blames for “unimaginable brutalities” in the country’s financial capital. The court issued its review Thursday of what is believed to be the worst ethnic and political violence in Karachi since the army intervened in street battles […]
Anglican Chief to Visit Church Under Attack in Zimbabwe
Posted October 6th, 2011 at 11:40 am (UTC-5)
The head of the worldwide Anglican church is due to visit Zimbabwe, where a rebel bishop has been seizing church property. The Archbishop of Canterbury, Rowan Williams, began a weeklong, three-nation visit to southern Africa on Thursday with a stop in Malawi. Williams is due to be in Zimbabwe on Sunday, and has requested meetings […]
