The new chief of the European Central Bank says it might give new assistance to the continent’s debt-ridden governments, but only if the 17-nation eurozone first adopts “a new fiscal compact” to control the spending of individual countries. Bank President Mario Draghi said Thursday that more centralized oversight of budgets was “the most important element” […]
European Central Bank Chief Calls for Eurozone ‘Fiscal Compact’
Posted December 1st, 2011 at 11:00 am (UTC-5)
Leave a comment
China Manufacturing Contracts In November
Posted December 1st, 2011 at 10:35 am (UTC-5)
Manufacturing activity in China contracted in November for the first time in nearly three years, as countries around the world, struggling with debt and slowing growth, bought fewer Chinese exports. The China Federation of Logistics and Purchasing says its monthly purchasing managers index (PMI) fell to 49 in November compared to 51 in October. It […]
US Jobless Claims Rise
Posted December 1st, 2011 at 9:55 am (UTC-5)
The number of people signing up for unemployment compensation rose slightly last week in the United States, a sign that the labor market remains troubled. Thursday’s report from the Labor Department says new jobless claims rose 6,000 to a nationwide total of 402,000. On Friday, government experts will publish the latest unemployment data, which is […]
EU, Arab League Tighten Syria Sanctions
Posted December 1st, 2011 at 9:55 am (UTC-5)
European Union diplomats say member nations have agreed to tighten sanctions on Syria, hours after an Arab League committee charged with implementing sanctions targeted Syria’s rich and powerful. EU officials said Thursday they added 11 more entities and 12 more individuals to a blacklist hit by travel bans and asset freezes imposed in an effort […]
Tymoshenko Appeal Hearing Begins in Ukraine Without Tymoshenko
Posted December 1st, 2011 at 9:45 am (UTC-5)
A Ukrainian court has opened preliminary hearings into former prime minister Yulia Tymoshenko’s appeal of her seven-year jail sentence — without Ms. Tymoshenko at the proceedings. She is appealing her conviction last month for exceeding her power as prime minister when she signed a 2009 gas deal with Russia that her opponents say was overly […]
Gambian Emerges as Frontrunner for ICC Chief Prosecutor
Posted December 1st, 2011 at 9:25 am (UTC-5)
Fatou Bensouda of Gambia has emerged as the leading candidate to become the next chief prosecutor at the International Criminal Court. Liechtenstein’s U.N. Ambassador Christian Wenaweser, who heads the selection process, says he will formally recommend Bensouda at a meeting of ICC member nations Thursday. The 50-year-old Bensouda is the deputy to the ICC’s current […]
Afghan Woman Attacked With Acid After Refusing Marriage
Posted December 1st, 2011 at 9:25 am (UTC-5)
An Afghan teenager and her family have been attacked with acid in northern Afghanistan, after reportedly rejecting a marriage proposal. The girl, Mumtaz, had been proposed to by a former militia commander. Her parents say the family turned him down and Mumtaz got engaged to someone else. A group of armed men burst into their […]
Egypt Set to Announce Election Results
Posted December 1st, 2011 at 9:15 am (UTC-5)
Egyptian election officials are expected to announce results on Thursday from the first round of voting in parliamentary elections. The results from Monday’s and Tuesday’s polling in Cairo, Alexandria and seven other provinces were expected Wednesday. Egypt’s al-Ahram newspaper says the announcement was delayed because ballots cast by Egyptians living abroad had not been tallied. […]
Shop Owners Protest India Retail Reform
Posted December 1st, 2011 at 8:25 am (UTC-5)
Shopkeepers around India have gone on strike to protest the government’s decision to allow foreign retailers into the country. The strike Thursday closed markets in New Delhi, Kolkata and other cities, as small shop owners protested the policy they say will force them out of business. Activists from the opposition Bharatiya Janata Party, which is […]
Clinton Urges Burma to End “Illicit” Ties to North Korea
Posted December 1st, 2011 at 8:20 am (UTC-5)
U.S. Secretary of State Hillary Clinton has called on Burma to end any “illicit” military ties to North Korea, and says more work must be done before the United States can consider lifting sanctions. Clinton said Thursday during a landmark visit to Burma that its government must respect international consensus against the spread of nuclear […]
