Italy’s stock market plunged Monday and the country’s borrowing costs jumped as the unexpected resignation of Italian Prime Minister Mario Monti added a new uncertainty to the eurozone debt crisis. The country’s main stock exchange index (the FTSE MIB) fell nearly three percent, while the interest rate on the Rome government’s 10-year bond increased a […]
Monti Resignation Sparks New Eurozone Uncertainty
Posted December 10th, 2012 at 10:20 am (UTC-5)
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EU Receives 2012 Nobel Peace Prize
Posted December 10th, 2012 at 9:00 am (UTC-5)
The European Union has received this year’s Nobel Peace Prize for turning Europe “from a continent of war to a continent of peace” in the six decades following World War Two. Norwegian Nobel Committee chairman Thorbjoern Jagland presented the award Monday to EU President Herman Van Rompuy, European Commission President Jose Manuel Barroso and European […]
Suicide Bombers Launch Deadly Attack on Pakistani Police
Posted December 10th, 2012 at 7:35 am (UTC-5)
Officials in Pakistan say suicide bombers have attacked a police station in the northwest, killing at least six people. The Pakistani Taliban claimed responsibility for the attack Monday near Bannu. Authorities say the militants attacked the station using grenades and rockets, sparking an hour-long gunbattle with police. Three of the attackers were killed, but officials […]
Egypt Gives Military Arrest Powers to Protect Referendum
Posted December 10th, 2012 at 7:15 am (UTC-5)
Egyptian President Mohamed Morsi has given the military authority to arrest civilians as part of a decree to help maintain security for a Saturday constitutional referendum. The order tasks the military with supporting police to protect “vital institutions.” Egypt’s liberal opposition coalition has formally rejected the president’s plan to hold the referendum on a new […]
Partial Count Shows Romania’s Center-Left Winning Election
Posted December 10th, 2012 at 4:25 am (UTC-5)
Partial results from Romania’s parliamentary election are giving the ruling center-left ruling alliance a clear victory in Sunday’s vote. With about 80 percent of polling stations reporting, Prime Minister Victor Ponta’s ruling Social-Liberal Union has take about 60 percent of the vote. President Traian Basescu’s Right Romania Alliance is trailing at a distant second with […]
North Korea Announces December 29 Launch Date for Rocket
Posted December 10th, 2012 at 3:00 am (UTC-5)
North Korea says it is extending the launch period for a controversial long-range rocket by a week, until December 29th. A spokesman for the North’s Korean Committee of Space Technology told the official (North) Korean Central News Agency on Monday that scientists found a “technical deficiency in the first stage control engine module of the […]
Court Hearing in Lawsuit Against Disgraced Ex-IMF Head; Settlement Expected
Posted December 10th, 2012 at 2:15 am (UTC-5)
A settlement may be announced Monday in the lawsuit brought against former International Monetary Fund chief Dominique Strauss-Kahn by the hotel maid who accused him of sexual assault back in 2011. Lawyers for Strauss-Kahn and his accuser, Nafissatou Diallo, will appear in a New York City courtroom to update the judge about settlement negotiations. Strauss-Kahn […]
Suicide Attack Kills 6 in NW Pakistan
Posted December 10th, 2012 at 2:10 am (UTC-5)
Officials in Pakistan say suicide bombers have attacked a police station in the northwestern part of the country, killing at least six people. The Pakistani Taliban claimed responsibility for the attack Monday near Bannu. Officials say three policemen are among the dead, and that eight other people were wounded. Bannu is located at the entrance […]
Mexican-American Singer Feared Dead
Posted December 10th, 2012 at 12:30 am (UTC-5)
The family of Mexican-American singing superstar Jenni Rivera says she has been killed in a small plane crash. Authorities say the wreckage of the Learjet carrying Rivera and six other people was discovered outside the northern city of Monterrey Sunday, hours after taking off on a flight to Toluca, near Mexico City. She had given […]
