NATO’s decision-making body has announced a three-month extension of its mission in Libya as the United States prepares to reopen its embassy building in the capital, Tripoli, on Thursday. With forces loyal to former leader Moammar Gadhafi still entrenched in his hometown of Sirte and a few other strategic locations, NATO chief Anders Fogh Rasmussen […]
NATO Extends Libya Mission; US Prepares to Reopen Embassy
US Agrees to Limit Troops in Pakistan
The United States has agreed to limit the number of its military personnel stationed in Pakistan. Pakistan called for the reduction after U.S. special forces killed al-Qaida leader Osama bin Laden in the Pakistani city of Abbottabad on May 2 without coordinating the attack with the Pakistani government. That raid, launched from Afghanistan, further strained […]
US Central Bank Tries ‘Twist’ To Spark Economy
The U.S. central bank is hoping a so-called “twist” will help revive the country’s lagging economy by driving lending rates even lower. The Federal Reserve’s benchmark lending rate is already at an all-time low of zero to one-quarter of a percent, but the Fed said Wednesday it will sell short-term securities in its portfolio to […]
SoKor President Urges Pyongyang to Join International Community
South Korean President Lee Myung-bak says he hopes for peace and prosperity in North Korea, and says that goal will be advanced as Pyongyang becomes “a responsible member of the international community.” Mr. Lee’s comments came Wednesday in an address to the U.N. General Assembly in New York. He said South Korea will lead international […]
Sata Holds Lead in Zambian Presidential Poll
Partial results from Zambia’s presidential election show main challenger Michael Sata holding a lead over incumbent Rupiah Banda. The Electoral Commission of Zambia said Wednesday that with ballot counting still in progress, Mr. Sata of the Patriotic Front party had captured about 42 percent of the vote. Mr. Banda of the Movement for Multiparty Democracy […]
Obama: ‘No Shortcut’ to Israel-Palestinian Peace
U.S. President Barack Obama told the U.N. General Assembly Wednesday there can be “no shortcut” to end the Israeli-Palestinian conflict. Mr. Obama said he is frustrated by delays in the peace process, but continues to stand by the U.S. position that the conflict mus be solved through negotiations between the Israelis and Palestinians, and not […]
Greece Says New Austerity Measures Needed
Greece’s finance minister says the debt-ridden country needs to adopt new austerity measures before its international creditors will hand it more money to avoid a default next month on its bailout loans from last year. Greek Finance Minister Evangelos Venizelos told Parliament Wednesday that the nation has not fully grasped its economic peril, and that […]
Jailed US Hikers in Iran Released to Swiss Envoy
Two American hikers who have been jailed by Iran on spying charges since 2009 were released from prison Wednesday afternoon. A judge approved an order for their release Wednesday after the posting of $1 million bail. The move follows days of delays as the two men waited for a second judge to return from leave […]
US Stocks Advance in Early Trading Wednesday
U.S. stock indexes moved up in early trading Wednesday. The Dow Jones Industrial Average is up two-tenths of a percent, while the S&P 500 is ahead three-tenths of one percent. The NASDAQ is up seven-tenths of a percent. European stock prices are lower in afternoon trading. London’s Financial Times index is down six-tenths of a […]
Deadly Typhoon Bears Down on Northeastern Japan
Typhoon Roke slammed Tokyo Wednesday with fierce winds and torrential rain, halting mass transit and stranding tens of thousands of commuters before roaring toward a crippled nuclear power plant on Japan’s tsunami-battered northeastern coast. Police and media say at least six people died in central Japan after being swept away by rain-swollen rivers from the […]