The major U.S. stock indexes fell in Thursday’s midday trading after the head of the U.S. central bank testified in Washington. Fed Chairman Ben Bernanke told lawmakers the bank does not have any plan to inject more stimulus into the economy in the near future. The Dow Jones Industrial Average slid two-tenths of a percent. […]
US Debt Talks Day 5: Angry Words, High Stakes
Posted July 14th, 2011 at 12:35 pm (UTC-5)
U.S. lawmakers are trading insults with time running out before an August 2 deadline to raise the country’s debt limit. Top lawmakers are scheduled to meet with U.S. President Barack Obama for a fifth straight day Thursday as they try to reach a deal that would prevent a possible default that could rattle international markets. […]
Clinton: Gadhafi’s Days Are Numbered
Posted July 13th, 2011 at 8:50 pm (UTC-5)
U.S. Secretary of State Hillary Clinton has warned Libyan leader Moammar Gadhafi that his days in power “are numbered” and that the international community will soon increase the pressure on him to leave. Her comments came after rebel fighters Wednesday retook a strategic village they had lost to forces loyal to Mr. Gadhafi earlier in […]
Egypt Purges Hundreds of Police Officers as Protests Grow
Posted July 13th, 2011 at 6:15 pm (UTC-5)
Egypt has announced the dismissals of more than 600 senior police officers in a bid to meet the demands of thousands of protesters urging swifter justice for those involved in crimes under former president Hosni Mubarak. Interior Ministry officials said Wednesday that nearly 500 police generals and about 150 other senior officers would end their […]
Pakistan’s PM Concerned Over US Aid Cut
Posted July 13th, 2011 at 5:15 pm (UTC-5)
Pakistani Prime Minister Yousuf Raza Gilani has expressed concern about the U.S. decision to suspend $800 million in military aid to his country. Gilani said Wednesday that while the fight against militants on Pakistani territory is Pakistan’s war, the country’s efforts are benefiting the whole world. His comments came as Pakistan’s intelligence chief, Ahmad Shuja […]
Indian Officials: ‘Terrorists’ Coordinated Deadly Mumbai Blasts
Posted July 13th, 2011 at 1:40 pm (UTC-5)
India’s home minister says authorities believe the back-to-back blasts that killed at least 20 people in Mumbai were a “coordinated attack by terrorists.” P. Chidambaram appealed for calm, after three separate explosions struck India’s financial capital Wednesday evening. Authorities say the blasts wounded more than 80 people and that they expect the number of casualties […]
US Stocks Advance; Europe Closes Higher
Posted July 13th, 2011 at 1:10 pm (UTC-5)
U.S. stock market indexes were sharply higher in midday trading Wednesday. The Dow Jones Industrial Average and the S&P 500 both jumped about 1.2 percent. The NASDAQ gained 1.4 percent. European stock markets closed higher. London’s Financial Times 100 gained six-tenths of a percent to end at 5,906. The CAC-40 in Paris advanced half a […]
Arab League Chief Slams ‘Foreign Interference’ Following Talks in Syria
Posted July 13th, 2011 at 12:15 pm (UTC-5)
Arab League chief Nabil Elaraby slammed what he called “foreign interference” in Arab affairs on Wednesday, following talks with Syrian President Bashar al-Assad. Syria’s state-run SANA news agency says Elaraby told reporters in Damascus that his group does not accept outside interference in the “internal affairs of Arab countries.” His comment comes in the wake […]
Suicide Attack Kills 5 French Troops in Afghanistan
Posted July 13th, 2011 at 11:50 am (UTC-5)
Officials say a suicide bomber has killed five French soldiers in eastern Afghanistan. Wednesday’s attack took place in the Tagab district of Kapisa province. French President Nicolas Sarkozy’s office said the bomber detonated his explosives near French troops who were protecting a local council meeting in the Joybar area. At least one Afghan civilian was […]
Obama Sharpens Rhetoric Against Syria’s Assad
Posted July 12th, 2011 at 8:25 pm (UTC-5)
U.S. President Barack Obama says Syrian President Bashar al-Assad is “losing legitimacy in the eyes of his people,” echoing remarks the U.S. secretary of state made a day earlier. Mr. Obama told CBS News Tuesday the Syrian government has perpetrated what he called an “unacceptable degree of brutality” on peaceful demonstrators protesting Mr. Assad’s authoritarian […]
