German Chancellor Angela Merkel and French President Nicolas Sarkozy have renewed their push to tighten euro area economic cooperation after the credit agency Standard & Poor’s said it may downgrade ratings across the region. The leaders of Europe’s two largest economies late Monday “took note” of the S&P warning, saying Germany and France “in full […]
Merkel, Sarkozy Unite on EU Reform as S&P Threatens Downgrades
Posted December 6th, 2011 at 3:55 am (UTC-5)
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Runoff Elections Intensify Rivalry Between Egypt’s Islamist Parties
Posted December 6th, 2011 at 3:55 am (UTC-5)
Egypt is holding a second day of runoff elections for the national parliament, with rival Islamist parties engaging in increasingly heated competition for votes in the country’s two largest cities and seven other provinces. Voting in the runoffs for 52 individual seats in Cairo, Alexandria and the other provinces began Monday and was due to […]
Washington Protestors Prepare to ‘Take Back the Capitol’
Posted December 6th, 2011 at 3:20 am (UTC-5)
Protestors and activists from across the United States continue to gather on Washington’s National Mall for several days of planned protests aimed at Congress and its leaders on Capitol Hill. Nicknamed the “Take Back the Capitol” protest, organizers have planned rallies starting Tuesday and continuing for at least the next three days. Organizers expect thousands […]
Australian Man Kidnapped in Southern Philippines
Posted December 6th, 2011 at 3:10 am (UTC-5)
Officials in the Philippines say suspected Islamist militants have kidnapped an Australian man from his home on the restive southern island of Mindanao. Police and military officials say 53-year-old Richard Rodwell, a retired Australian army soldier, was abducted by several gunmen in the sparsely populated village of Ipil late Monday. Australian Prime Minister Julia Gillard […]
Arab League Studying ‘New’ Syrian Conditions for Observers
Posted December 6th, 2011 at 2:25 am (UTC-5)
The Arab League says it is studying a Syrian proposal to conditionally allow observers into the country to monitor Syrian compliance with a pledge to stop cracking down on a nine-month pro-democracy uprising. Arab League chief Nabil Elaraby said Monday a letter he received from the Syrian government contained “new” conditions that the regional bloc […]
Asian Markets Lower after S&P Eurozone Downgrade Threat
Posted December 6th, 2011 at 2:25 am (UTC-5)
Asian markets were trading lower Tuesday after the Standard and Poor’s rating agency said it may soon downgrade 15 eurozone countries if European leaders cannot come up with a plan to fix the region’s debt crisis. Tokyo’s Nikkei index, South Korea’s Kospi and Hong Kong’s Hang Seng are all down more than one percent, while […]
