U.S. Secretary of State Hillary Clinton and U.N.-Arab League envoy Kofi Annan led increased diplomatic pressure on Syria Thursday following reports of another massacre that killed dozens of Syrians. Addressing the U.N. General Assembly, Mr. Annan said the international community must take its Syria response “to another level.” Mr. Annan admitted that more than a […]
Germany’s Merkel Calls for European ‘Political Union’
Posted June 7th, 2012 at 2:00 pm (UTC-5)
German Chancellor Angela Merkel says Europe needs to move beyond its common euro currency to create a “political union” in order to resolve the continent’s governmental debt crisis. The German leader says individual governments in the 17-nation eurozone gradually need to cede powers to European control, a contentious proposition on the continent. She told German […]
US House Panel Approves Magnitsky Sanctions Bill
Posted June 7th, 2012 at 1:55 pm (UTC-5)
A U.S. congressional committee has approved a bill imposing sanctions on Russian officials involved in the 2009 prison death of lawyer Sergei Magnitsky. The House of Representatives Foreign Affairs Committee on Thursday passed the “Sergei Magnitsky Rule of Law Accountability Act” on a voice vote. The measure would deny visas and freeze the American assets […]
US Stock Exchange Apologizes for Facebook Stock Snafu
Posted June 7th, 2012 at 1:40 pm (UTC-5)
A major U.S. stock exchange is apologizing and offering $40 million in damages for the technology problem that marred the start of stock trading last month in Facebook, the popular Internet social-networking site. The Nasdaq exchange in New York was initially overwhelmed by the large volume of investors wanting to buy and sell the Facebook […]
