U.S. President Barack Obama says a Michigan auto plant making cars with South Korean parts is proof his economic bailout package for the auto industry has paid off. Speaking alongside South Korean President Lee Myung-bak at a General Motors plant outside the city of Detroit, Mr. Obama said the hundreds of thousands of jobs saved […]
G20 Ministers Considering Europe Debt Options
Posted October 14th, 2011 at 2:15 pm (UTC-5)
The finance ministers of the world’s 20 biggest economies are meeting in Paris to try to resolve the European debt crisis that is threatening to push world economies into another recession. The financial chiefs meeting Friday and Saturday are expected to consider several options that some leaders say could help stabilize the global financial markets […]
US Stocks Rise In Friday’s Midday Trading
Posted October 14th, 2011 at 1:10 pm (UTC-5)
U.S. stocks made strong gains in Friday’s midday trading. The Dow Jones Industrial Average rose seven-tenths of a percent, the S&P 500 advanced nine-tenths of a percent while the NASDAQ moved up eight-tenths of a percent. European stock markets were higher at the close of Friday’s trading. London’s Financial Times 100 index was up 1.2 […]
Clashes Between Syrian Troops, Defectors Kill 20
Posted October 13th, 2011 at 6:55 pm (UTC-5)
Syrian rights activists say clashes between government security forces and armed men believed to be army defectors have killed at least 19 people as the European Union imposed sanctions on the country’s biggest state bank. The Syrian Observatory for Human Rights said Thursday’s fighting in northern Idlib province killed 10 civilians when government troops stormed […]
2 Aid Workers Kidnapped Near Kenya-Somalia Border
Posted October 13th, 2011 at 6:20 pm (UTC-5)
Kenyan authorities say they suspect the Somali militant group Al Shabab is behind the kidnapping of two European aid workers Thursday, the third kidnapping of foreigners near the Kenya-Somali border in the past month. Police spokesmen said gunmen seized the two aid workers from a huge Somali refugee complex in northern Kenya. So far, there […]
Early Liberia Election Tally Suggests Run-off Vote Likely
Posted October 13th, 2011 at 3:45 pm (UTC-5)
Partial results from Liberia’s presidential election show incumbent Ellen Johnson Sirleaf in the lead, but falling short of the majority needed to avoid a run-off election. The partial results released by Liberia’s election commission Thursday showed Mrs. Sirleaf with about 44 percent of the vote. Her closest rival, Winston Tubman, had about 26 percent. Tallies […]
Obama Warns Iran Must Pay for ‘Reckless Behavior’
Posted October 13th, 2011 at 2:55 pm (UTC-5)
U.S. President Barack Obama says Washington will make sure Iran “pays a price” for a plot to assassinate the Saudi Ambassador to the United States. Mr. Obama said during a news conference in Washington Thursday it was clear that individuals within the Iranian government were aware of the plot, calling it part of a pattern […]
Obama: North Korea A ‘Direct Threat’ to US, SoKor
Posted October 13th, 2011 at 2:00 pm (UTC-5)
U.S. President Barack Obama says North Korea continues to pose a “direct threat” to the United States and South Korea. At a White House news conference with his South Korean counterpart, President Obama said Pyongyang will invite even more pressure and isolation if it continues to ignore its international obligations. Mr. Obama said if North […]
US Stocks Decline In Thursday’s Midday Trading
Posted October 13th, 2011 at 1:25 pm (UTC-5)
U.S. stock indexes declined in Thursday’s midday trading. The Dow Jones Industrial Average lost eight-tenths of a percent, while the S&P 500 index dropped one percent. The NASDAQ index slid two-tenths of a percent. European stock prices were lower at the close of trading. London’s Financial Times index fell seven-tenths of a percent to end […]
Suspected US Drone Strike Kills Senior Haqqani Militant
Posted October 13th, 2011 at 7:35 am (UTC-5)
Pakistani intelligence officials say a U.S. drone strike in northwest Pakistan has killed a senior member of the militant Haqqani network. Thursday’s attack in North Waziristan reportedly killed Jalil Haqqani, a logistics coordinator for the al-Qaida-linked group. At least three other militants were also killed when an unmanned aircraft fired missiles at a compound near […]
