The Fitch financial services company is again downgrading the credit rating of Greece, saying that the debt-ridden country is “highly likely” to default on its financial obligations even after securing a new bailout from its European neighbors. Fitch said Wednesday it has cut Greece two notches , pushing the credit standing for the Athens government […]
Even with Bailout, Greek Credit Downgraded
Posted February 22nd, 2012 at 9:40 am (UTC-5)
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Shell Makes Offer For East Africa-Focused Energy Firm
Posted February 22nd, 2012 at 8:10 am (UTC-5)
Oil giant Royal Dutch Shell has offered to buy Cove Energy, a firm with significant interests along the east coast of Africa. Shell said in a statement Wednesday that it has offered more than $1.5 billion to purchase Cove, while Cove said its board would recommend the offer to shareholders. Cove holds minority shares in […]
Documents Show US Nuclear Agency Struggles During Japanese Nuclear Crisis
Posted February 22nd, 2012 at 7:50 am (UTC-5)
Documents released by U.S. nuclear regulators shows officials were operating in a “very hectic” environment in the first days of last year’s Japanese nuclear crisis. The U.S. Nuclear Regulatory Agency released more than 3,000 pages of transcripts Tuesday showing the agency’s response to the Fukushima nuclear plant disaster in March 2011. NRC Chairman Gregory Jaczko […]
Afghan Police Fire on Anti-US Rally
Posted February 22nd, 2012 at 7:20 am (UTC-5)
At least four people were killed when police opened fire on hundreds of angry protesters during a second day of demonstrations aimed at NATO troops who improperly disposed of copies of the Quran. Afghan officials say dozens were injured in the shootings which occurred in the capital, Kabul, Parwan province, and the eastern city of […]
IAEA Visit Ends Without Access to Iranian Military Site
Posted February 22nd, 2012 at 7:15 am (UTC-5)
The U.N. chief nuclear inspector says a two-day visit to Iran has ended with his team unable to visit a key military site and without an agreement with Tehran on the way forward. The International Atomic Energy Agency’s Herman Nackaerts spoke Wednesday in Vienna after returning from what the IAEA called “disappointing” talks with Iranian […]
Syria Shelling Kills 2 Western Journalists
Posted February 22nd, 2012 at 6:50 am (UTC-5)
Shelling in the besieged Syrian city of Homs has killed two Western journalists, while rights activists and Damascus ally Russia are supporting calls for humanitarian assistance. Marie Colvin, an American working for Britain’s Sunday Times newspaper, and French photographer Remi Ochlik died Wednesday in shelling that activists say killed at least 13 other people and […]
Tibetans Play Down New Year Celebrations Amid Increased Security
Posted February 22nd, 2012 at 6:45 am (UTC-5)
Tibetans in northwest China observed the beginning of the traditional new year Wednesday with subdued ceremonies, following a series of self-immolations and protests against Chinese rule. The Chinese government has tightened security and cut off communication with some of the restive areas in hopes of preventing an outbreak of protests at the new year. The […]
IAEA Visit Ends Without Access to Iranian Military Site
Posted February 22nd, 2012 at 5:05 am (UTC-5)
The U.N. chief nuclear inspector says a two-day visit to Iran has ended with his team unable to visit a key military site and without an agreement with Tehran on the way forward. The International Atomic Energy Agency’s Herman Nackaerts spoke Wednesday in Vienna after returning from what the IAEA called “disappointing” talks with Iranian […]
Nigeria: Witnesses Report Gunshots, Explosions in Kano
Posted February 22nd, 2012 at 3:50 am (UTC-5)
Witnesses reported gunshots and explosions early Wednesday in the northern Nigerian city, Kano, where Islamist insurgents have staged a series of deadly attacks in recent months. Local residents and journalists reported hearing several loud explosions followed by an extended period of gunfire just before early morning prayers in the largely Muslim city. There were no […]
Australian FM Rudd Resigns Amid Ruling Party Turmoil
Posted February 22nd, 2012 at 3:45 am (UTC-5)
Australian foreign minister Kevin Rudd has announced his resignation in the latest sign of turmoil within his country’s ruling Labor Party. Rudd announced the decision during an official visit to Washington late Tuesday. “The simple truth is I cannot continue to serve as foreign minister if I do not have Prime Minister Gillard’s support. I […]
