Russia’s state agency for arms sales says Asian nations have become Russia’s top military technology buyers, a development some arms experts blame on China. The Rosoboronexport company, part of a Russian delegation to an international arms exhibition in Malaysia, says 43 percent of Russia’s arms exports last year were to Asian countries. The Stockholm International […]
Asian Nations Top Arms Buyers; China Seen as Threat
Posted April 18th, 2012 at 11:50 am (UTC-5)
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BP Finalizes Settlement Deal for Gulf Oil Spill
Posted April 18th, 2012 at 11:45 am (UTC-5)
Oil giant BP says it has finalized a multi-billion dollar agreement with fishermen and other private plaintiffs who sued over the 2010 Gulf of Mexico oil spill. The London-based company released a statement Wednesday saying it still estimates the cost of the settlement will be around $7.8 billion. The money will come out of a […]
World Bank: Africa Poised for Faster Growth
Posted April 18th, 2012 at 11:30 am (UTC-5)
A new World Bank report says sub-Saharan Africa is poised for faster economic growth after a strong performance last year. In a report published Wednesday, the World Bank says the region’s economy grew at a 4.9 percent annual rate in 2011, making it one of the world’s fastest-growing developing regions. It says growth has been […]
IMF: Financial Stability Improved, but Not Assured Long-term
Posted April 18th, 2012 at 10:00 am (UTC-5)
The International Monetary Fund says that global financial stability has improved over the last several months with the easing of the European debt crisis, but not so much as to ensure long-term economic growth. An IMF senior official, Jose Vinals, said Wednesday in Washington that a new financial bailout for Greece and a European rescue […]
Burma’s Aung San Suu Kyi to Make Historic Overseas Trip
Posted April 18th, 2012 at 10:00 am (UTC-5)
A spokesman for Burmese pro-democracy leader Aung San Suu Kyi says she will visit Norway and Britain in June, on her first trip outside Burma in 24 years. Nyan Win told reporters in Yangon Wednesday that the 66-year-old Nobel laureate will visit the Norwegian capital of Oslo, home to the Nobel prizes, and the British […]
Norway Gunman Questioned About Militant Group
Posted April 18th, 2012 at 9:35 am (UTC-5)
The gunman on trial for killing 77 people in Norway last year grew frustrated Wednesday with questioning about the militant group to which he has claimed membership. In the third day of his trial, Anders Behring Breivik said he helped found Knights Templar in 2001, but he accused a prosecutor of trying to “sow doubt” […]
NATO Pledges Commitment to Afghanistan Despite Costs
Posted April 18th, 2012 at 9:30 am (UTC-5)
NATO says it will not abandon Afghanistan to its enemies despite the financial costs. The United States and NATO plan to pull combat troops out of the county by 2014. But in prepared remarks Wednesday, NATO Secretary-General Anders Fogh Rasmussen warned those seeking to undermine the Afghan government, “you just can’t wait us out,” saying […]
New Photos Show US Soldiers Posing with Afghan Insurgent Remains
Posted April 18th, 2012 at 9:15 am (UTC-5)
Photographs showing U.S. soldiers posing with the remains of suicide bombers is drawing condemnation from top U.S. and NATO officials. The photos from 2010 obtained by the Los Angeles Times show members of the United States Army posing with the bodies of insurgents who killed themselves in suicide attacks. The Times published two of the […]
Syrian Cease-fire Teeters as Government, Rebels Report Fresh Attacks
Posted April 18th, 2012 at 9:05 am (UTC-5)
Syria’s nearly week-old cease-fire continued to deteriorate Wednesday as a bombing killed six Syrian law enforcement officers and government forces renewed shelling in the flashpoint Homs region. The state-run SANA news agency says an “armed terrorist group” detonated an explosive device planted on a road in the northern Idlib province. It also says a sniper […]
Khartoum Accuses South of Attack on New Front in Sudan
Posted April 18th, 2012 at 8:45 am (UTC-5)
Fighting between Sudan and South Sudan has spread to a new town along the border, amid fears the countries will slide into full-scale war. Forces from both sides engaged in intense clashes from Tuesday night into Wednesday near the town of Meiram. The area is located inside Sudan’s Southern Kordofan state, near the border with […]
