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Ukraine Protests Continue Against Language Law

Posted July 5th, 2012 at 11:35 am (UTC-5)
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Several hundred people are protesting for a second day in the Ukrainian capital Kyiv, after parliament passed a bill that would make Russian an official regional language in mainly Russian areas of Ukraine. The bill was pushed through parliament Tuesday by supporters of President Viktor Yanukovich, who draws his support from the Russian-speaking east. The […]

Tags: , , Posted in Europe

China, Europe Cut Key Lending Rates

Posted July 5th, 2012 at 11:05 am (UTC-5)
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Two of the world’s biggest economies — China and the 17-nation euro currency bloc — are cutting key lending rates in a new effort to boost their flagging economic fortunes. The Chinese central bank Thursday cut its benchmark lending rate for the second time in a month, signaling that the world’s second largest economy is […]

Tags: , , Posted in Economy

UN Monitor Chief in Syria Says Violence ‘Unprecedented’

Posted July 5th, 2012 at 10:55 am (UTC-5)
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The head of the United Nations monitoring mission in Syria says violence there has reached “unprecedented” levels, and that a cease-fire must be implemented in order for his unarmed observer teams to resume their mission, which was suspended last month. Major General Robert Mood’s comments Thursday came as Syrian troops battled anti-government rebels across the […]

Tags: , , Posted in Middle East

Official: Kenya Muslims Offering to Protect Christian Churches

Posted July 5th, 2012 at 10:00 am (UTC-5)
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A leading member of Kenya’s Inter-Religious Council says Muslim leaders are offering to protect Christian churches following deadly attacks on Sunday. In an interview with VOA , Mustafa Ali welcomed the gesture, which he described as “unprecedented.” “The Muslim leaderships in the country, particularly in northeastern Kenya, are saying that they are offering Muslims themselves […]

Tags: , , Posted in Africa

Pakistan: Resumed NATO Shipments Crossing into Afghanistan

Posted July 5th, 2012 at 9:10 am (UTC-5)
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Pakistani officials say the first trucks carrying NATO supplies have crossed into Afghanistan, following a U.S.-Pakistani deal announced this week that ended Islamabad’s months-long blockade. Local officials in southwestern Pakistan say the supplies crossed the border at Chaman in Baluchistan province Thursday. The crossing comes days after U.S. Secretary of State Hillary Clinton said the […]

Tags: , , Posted in South Asia

Zimbabwe Bank Chief: Don’t Indigenize Foreign Banks

Posted July 5th, 2012 at 8:45 am (UTC-5)
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The head of Zimbabwe’s central bank has warned the government against its plan to make foreign banks give up majority shares in their local operations. A government notice published this week said foreign banks and other firms have one year to transfer a 51 percent stake to black Zimbabweans. In a statement Wednesday, Gideon Gono […]

Zimbabwe Bank Chief: Don’t Indiginize Foreign Banks

Posted July 5th, 2012 at 7:50 am (UTC-5)
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The head of Zimbabwe’s central bank has warned the government against its plan to make foreign banks give up majority shares in their local operations. A government notice published this week said foreign banks and other firms have one year to transfer a 51 percent stake to black Zimbabweans. In a statement Wednesday, Gideon Gono […]

Tags: , , Posted in Africa

Romanian Lawmakers Move to Impeach President

Posted July 5th, 2012 at 7:25 am (UTC-5)
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A coalition of Romanian lawmakers is moving to try to impeach President Traian Basescu as part of a power struggle with the country’s prime minister. The coalition’s action is the latest move in a month-long campaign of attacks by Prime Minister Victor Ponta against President Basescu. Lawmakers from the three-party Liberal Social Union , including […]

Tags: , , Posted in Europe

Moody’s Moves to Downgrade Barclays Rating Outlook

Posted July 5th, 2012 at 7:05 am (UTC-5)
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Moody’s is moving toward downgrading the credit rating of Britain’s Barclays bank, following a scandal that cost the chairman and two top executives their jobs. The credit rating service on Thursday changed the outlook of the bank’s financial stability to “negative” from “stable.” Moody’s says it based its decision on the resignation of Chief Executive […]

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UN Monitor Chief Says Team Will Adapt Syria Mission

Posted July 5th, 2012 at 6:55 am (UTC-5)
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The head of the United Nations observer team in Syria says he will adjust the way the monitors work when their mission resumes, with a focus on staying in certain areas for longer periods of time. Major General Robert Mood told reporters Thursday in Damascus that it is time to stop spreading the team out […]

Tags: , Posted in Middle East