U.S. Treasury Secretary Timothy Geithner has arrived in Beijing for talks aimed at convincing Chinese officials to support U.S. sanctions against Iran’s oil industry. Geithner is seeking Chinese cooperation with recently enacted U.S. legislation that calls for sanctions against financial institutions that deal with Iran’s Central Bank, which is its main clearinghouse for oil exports. […]
Geithner to Discuss Iran Sanctions in Beijing
Posted January 10th, 2012 at 8:10 am (UTC-5)
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Japanese Firm Sues Past, Present Executives Over Accounting Cover-Up
Posted January 10th, 2012 at 8:10 am (UTC-5)
Japanese technology giant Olympus is suing the company’s president and 18 other former and current executives for their involvement in a massive accounting fraud scandal. The suit accuses President Shuichi Takayama and the others of either taking part in or knowing about a scheme to hide $1.7 billion in losses from bad investments. Olympus is […]
PM Calls India’s Malnutrition “National Shame”
Posted January 10th, 2012 at 7:50 am (UTC-5)
Indian Prime Minister Manmohan Singh says the country’s malnutrition rate is a matter of “national shame,” with 42 percent of children under the age of five underweight. Mr. Singh Tuesday released results of the Hunger and Malnutrition Survey, which monitored 73,000 households across nine Indian states. The survey found that nearly 60 percent of children […]
Suicide Bombers Storm Afghan Government Building
Posted January 10th, 2012 at 7:30 am (UTC-5)
Suicide bombers have stormed a government building in eastern Afghanistan, killing at least two police officers. Tuesday’s attack took place in Sharan, the provincial capital of Paktika province. The interior ministry says four bombers tried to take over the building, which houses the government communications office. Three of the attackers and two police officers were […]
Bomb Kills 29 in NW Pakistan
Posted January 10th, 2012 at 7:25 am (UTC-5)
Pakistani officials say a bomb blast near the Afghan border has killed at least 29 people and wounded at least 37 others, in one of the deadliest attacks in the country’s northwest in months. Authorities say a remote-control bomb in a truck exploded in the Khyber tribal agency on Tuesday. The blast struck near a […]
One Killed in South African University Stampede
Posted January 10th, 2012 at 7:20 am (UTC-5)
One person was killed and at least 20 others injured Tuesday when a stampede broke out at the University of Johannesburg in South Africa. School officials say thousands of prospective students waiting to apply for one of 800 spaces at the school began pressing forward, crushing and trampling people near the front of the line. […]
Syrian President Says No Orders to Shoot Civilians
Posted January 10th, 2012 at 6:45 am (UTC-5)
Syrian President Bashar al-Assad says no orders were given for government security forces to fire on civilians and he blamed a “foreign conspiracy” for the 10 month old anti-government uprising in his country. In a 100-minute speech Tuesday in the capital, Damascus, Mr. Assad said restoring security in Syria is a priority, and can be […]
Burma’s Aung San Suu Kyi Confirms Run for Parliament
Posted January 10th, 2012 at 6:35 am (UTC-5)
Burmese opposition leader Aung San Suu Kyi has confirmed that she will run for parliament in the country’s highly anticipated April by-elections. A spokesperson for Aung San Suu Kyi’s National League for Democracy party said Tuesday the Nobel Peace Prize winner will compete for a seat in Kawhmu Township, on the outskirts of her hometown […]
Nigerian Strike over Fuel Subsidy Enters Second Day
Posted January 10th, 2012 at 6:15 am (UTC-5)
Labor unions in Nigeria vowed Tuesday to continue their nation-wide strike to protest fuel prices that soared last week after the government abruptly ended a consumer fuel subsidy. As the strike entered its second day, angry youths set up a roadblock of burning tires on a highway leading to a district of luxury homes in […]
Taliban Tries to Storm Afghan Govt Building
Posted January 10th, 2012 at 6:10 am (UTC-5)
Afghan police say Taliban militants tried to storm a government building in the country’s east, causing a firefight that killed five people. Authorities in Paktika province said up to four potential suicide bombers attempted to take over the government communications office in the provincial capital of Sharan Tuesday. Several of the attackers and at least […]
