Egypt’s deputy prime minister resigned Tuesday in the wake of violent clashes between security forces and Coptic Christians that left 26 people dead. State media reports gave no reason for Hazem El-Beblawi’s departure. However, Egyptian news organizations quote a ministerial aide as saying he quit in protest of the handling of Sunday’s clashes between security […]
Egyptian Deputy PM Quits Following Deadly Protests
Posted October 11th, 2011 at 9:40 am (UTC-5)
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EU ‘Deeply Disappointed’ With Tymoshenko Verdict
Posted October 11th, 2011 at 8:35 am (UTC-5)
The European Union has announced it is “deeply disappointed” by the sentencing of former Ukraine prime minister Yulia Tymoshenko to the maximum seven years in prison in connection with charges of abuse-of-office. Judge Rodion Kireyev handed down the sentence Tuesday in a Kyiv courtroom. He said Ms. Tymoshenko, now an opposition leader, clearly exceeded her […]
EU “Deeply Disappointed with Tymoshenko Verdict
Posted October 11th, 2011 at 7:45 am (UTC-5)
The European Union has announced it is “deeply disappointed” by the sentencing of former Ukraine prime minister Yulia Tymoshenko to the maximum seven years in prison in connection with charges of abuse-of-office. Judge Rodion Kireyev handed down the sentence Tuesday in a Kyiv courtroom. He said Ms. Tymoshenko, now an opposition leader, clearly exceeded her […]
Libya’s NTC: Gadhafi Loyalists Cornered in Sirte
Posted October 10th, 2011 at 8:00 pm (UTC-5)
Libya’s revolutionary forces say they have loyalist fighters cornered in former leader Moammar Gadhafi’s hometown of Sirte, where desperate civilians are still trying to flee the fierce street fighting. Burned-out vehicles blocked roads Monday as provisional government tanks and artillery pounded pro-Gadhafi positions that NTC fighters said were squeezed into two neighborhoods. On Sunday, National […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 4:35 pm (UTC-5)
Belgium is buying a subsidiary of the financially troubled Dexia bank, the first European bank heading towards possible collapse because of the debt crisis. The government says it is paying $5.4 billion for Dexia’s Belgian subsidiary. Members of Qatar’s royal family have already said they would pay $1.4 billion to buy the bank’s Luxembourg division. […]
US Stocks Advance in Early Monday Trading
Posted October 10th, 2011 at 12:55 pm (UTC-5)
U.S. and European stock indexes advanced sharply in Monday trading. The Dow Jones Industrial Average is up 2.5 percent, while the S&P 500 index is ahead 2.9 percent. The NASDAQ is up more than 3 percent. European stock markets closed higher. London’s Financial Times 100 index ended up 1.8 percent to finish at 5,399. The […]
Nobel Economics Prize Goes To Two Americans
Posted October 10th, 2011 at 11:15 am (UTC-5)
Americans Thomas Sargent and Christopher Sims have won the 2011 Nobel economics prize for research on the relationship between government policy decisions and the economy. The Royal Swedish Academy of Sciences awarded the prize Monday to the two American professors for “research on cause and effect” in the economy. The winners’ research in the 1970s […]
UN Says Detainees Tortured in Afghan Jails
Posted October 10th, 2011 at 11:10 am (UTC-5)
The United Nations says Afghan authorities have been “systematically” torturing detainees in Afghan jails, including those under the age of 18. UNAMA surveyed 379 pre-trial detainees and prisoners at 47 facilities run by the Afghan National Police (ANP) and by the country’s intelligence agency — the National Directorate of Security (NDS) — in 22 provinces. […]
Former Cape Verde Leader Wins Africa Leadership Prize
Posted October 10th, 2011 at 10:20 am (UTC-5)
Cape Verde’s former president, Pedro Pires, has won a $5 million prize for good governance in Africa. The Mo Ibrahim Foundation named Mr. Pires the winner of its 2011 prize Monday at a news conference in London. Speaking to reporters, Mr. Pires said he had “no idea” how he would spend the award money. He […]
Egypt’s Military Rulers Order Investigation of Cairo Clashes
Posted October 10th, 2011 at 10:00 am (UTC-5)
Egypt’s ruling military council has ordered the government to investigate the killings of at least 25 people in Sunday’s deadly street battles between Coptic Christians and Egyptian security forces in Cairo. Egyptian state television says the military council issued the order Monday after crisis talks on the country’s worst violence since a February uprising that […]
