Swiss bank UBS has announced a plan to cut about 10,000 jobs during the next three years as it restructures its investment banking unit. Switzerland’s largest bank said Tuesday the changes will help it save $5.8 billion by the end of 2015. UBS CEO Sergio Ermotti said in a statement announcing the move that the […]
Huge Storm Slows US Presidential Campaign
Posted October 30th, 2012 at 2:15 am (UTC-5)
With one week until election day, U.S. President Barack Obama and his Republican challenger, Mitt Romney, are balancing how to make their final pitches to voters while tens of millions of people along the country’s east coast deal with a massive storm. Both candidates have canceled their planned Tuesday appearances, instead focusing their messages on […]
UN Chief Says Open to Visiting North Korea
Posted October 30th, 2012 at 1:35 am (UTC-5)
U.N. Secretary-General Ban Ki-moon says he would consider a trip to North Korea as part of his efforts toward peace on the Korean peninsula. Mr. Ban, a South Korean, made his comments Tuesday as he received the 2012 Seoul Peace Prize. “I will spare no effort to help both the South and the North move […]
Chinese State Newspaper Blasts New York Times
Posted October 30th, 2012 at 12:10 am (UTC-5)
A state-controlled Chinese newspaper is lashing out at the New York Times, just days after the U.S. paper published a story reportedly exposing the hidden wealth of Prime Minister Wen Jiabao’s family. The People’s Daily, the official mouthpiece of the Communist Party, said Monday in a combative article in its Chinese-language edition that the Times […]
Sandy Makes Landfall, Threatens 50 Million People on US East Coast
Posted October 29th, 2012 at 11:10 pm (UTC-5)
The massive storm named Sandy has made landfall on the U.S. East Coast, bringing torrential rain, high winds and dangerous tidal surges to one of the nation’s most densely populated regions. Sandy – downgraded from a hurricane to a post-tropical cyclone – came ashore Monday some 200 kilometers south of New York, bringing a storm […]
Sandy Makes Landfall, Threatens 50 Million People on US East Coast
Posted October 29th, 2012 at 9:10 pm (UTC-5)
Hurricane Sandy, now downgraded to a post-tropical cyclone, has made landfall on the U.S. East Coast, putting some 50 million people in the path of torrential rain, high winds and dangerous tidal surges from one of the biggest storms to hit the region in years. Sandy came ashore on the coast of New Jersey Monday, […]
Iranian Warships Dock in Sudan
Posted October 29th, 2012 at 8:25 pm (UTC-5)
Iran says two of its warships have docked in Sudan, days after Sudan accused Israel of bombing an arms factory in Khartoum. Iran’s state-run news agency, IRNA, says a destroyer and a helicopter carrier arrived in Sudan Monday to ensure security for shipping lanes. It said the vessels were also bringing a message of peace […]
Sandy Strengthens, Threatens 50 Million People on US East Coast
Posted October 29th, 2012 at 7:00 pm (UTC-5)
Hurricane Sandy has strengthened as it approaches the U.S. East Coast, putting some 50 million people in the path of torrential rain, high winds and dangerous tidal surges from one of the largest storms to hit the region in years. Major U.S. cities from Washington to New York came to a standstill on Monday, with […]
US Supreme Court Hears Eavesdropping Case
Posted October 29th, 2012 at 6:05 pm (UTC-5)
Justices of the Supreme Court of the United States have heard oral arguments in a case challenging the federal government’s right to monitor telephone and email conversations between people in the United States and those other countries. The case, brought by lawyers, journalists and civil rights organizations, including Amnesty International, challenges a 2008 amendment to […]
Clinton on Balkan Tour to Promote Reforms
Posted October 29th, 2012 at 6:05 pm (UTC-5)
U.S. Secretary of State Hillary Clinton has begun a tour of the western Balkans aimed at promoting economic and democratic reforms in a region beset with ethnic tensions. Clinton arrived in Sarajevo, the capital of Bosnia-Herzegovina, late Monday from Algeria. In Sarajevo, she and European Union foreign policy chief Catherine Ashton will meet with members […]
