European Union finance chiefs have failed to reach an agreement on regulating banks across the continent. The 27 finance leaders met in Brussels Tuesday, but left without a compromise after French Finance Minister Pierre Moscovici and his German counterpart, Wolfgang Schaeuble, clashed on the extent of the banking regulatory power that the European Central Bank […]
EU Finance Chiefs Fail to Reach Bank Regulation Pact
Posted December 4th, 2012 at 11:10 am (UTC-5)
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Labor Dispute at Key US Cargo Port Turns One Week Old
Posted December 4th, 2012 at 9:00 am (UTC-5)
Negotiations to end a strike at the biggest cargo port complex in the United States continued Monday, as the dispute enters its second week. Unionized clerical workers at the Los Angeles and Long Beach ports in California walked off the job last Tuesday, claiming that shippers who operate out of the twin ports want to […]
Despite Warnings, N.Korea Prepares Launch Site
Posted December 4th, 2012 at 6:20 am (UTC-5)
North Korea appears to be moving ahead with preparations to launch a long-range rocket, despite international condemnation. South Korean media quoted government officials saying Tuesday that North Korea is preparing the second and third stages of its launch vehicle at the Tongchang-ri facility. Pyongyang says it plans to launch the three-stage rocket between December 10 […]
Clashes, Arrests as Bangladesh Opposition Strikes to Protest Trials
Posted December 4th, 2012 at 5:30 am (UTC-5)
Authorities in Bangladesh have detained protesters who clashed with police and burned vehicles, as the nation’s largest Islamist party called for a strike to protest the trial of its leaders. Police equipped with shields and helmets patrolled the streets of the capital, Dhaka, on Tuesday, arresting several people. Many schools and businesses were closed because […]
Typhoon Bopha Pounds Southern Philippines
Posted December 4th, 2012 at 1:05 am (UTC-5)
A powerful typhoon is pounding the southern Philippines, uprooting trees, blowing off roofs, and sending thousands of residents fleeing to government shelters. Typhoon Bopha made landfall early Tuesday off the southern island of Mindanao, packing winds of up to 210 kilometers per hour. It is expected to be the strongest storm this year to hit […]
Russia, Turkey Fail to Agree on Syria
Posted December 3rd, 2012 at 2:35 pm (UTC-5)
Russia and Turkey have again failed to come to an agreement on how to help end the Syrian conflict, an issue on which the two countries sharply disagree. Russian President Vladimir Putin has backed Syrian President Bashar al-Assad throughout the crisis, blocking Western-sponsored resolutions at the United Nations condemning the Syrian government. Meanwhile, Turkish Prime […]
India: China’s Navy Modernization a “Major Concern”
Posted December 3rd, 2012 at 11:55 am (UTC-5)
India’s navy chief says the modernization of China’s navy is a source of major concern and has pledged to protect India’s interests in the South China Sea. India’s state-run Oil and Natural Gas Corporation (ONGC) has a stake in a gas field off the coast of Vietnam. China claims almost all of the South China […]
Putin in Turkey for Bilateral Talks on Trade, Syria
Posted December 3rd, 2012 at 11:50 am (UTC-5)
Russian President Vladimir Putin is meeting with Turkish Prime Minister Recep Tayyip Erdogan to discuss a range of issues, including the countries’ burgeoning trade relationship and differences over the Syrian conflict. Mr. Putin arrived in Istanbul Monday for a one-day visit, his first foreign trip in two months. The Russian leader was originally due to […]
Congo Plane Crash Kills 30 Near Brazzaville
Posted December 1st, 2012 at 11:05 pm (UTC-5)
Emergency workers in the Republic of Congo say a cargo plane slammed into homes near Brazzaville’s airport Friday, killing at least 30 people. The victims include all six crew members of the Soviet-era cargo plane, as well as local people killed when the plane skidded off the runway and plowed into a residential area. Armenia’s […]
Congo Plane Crash Kills 30 Near Brazzaville
Posted December 1st, 2012 at 5:00 pm (UTC-5)
Emergency workers in the Republic of Congo say at least 30 people were killed when a cargo plane slammed into homes near Brazzaville’s airport on Friday. The victims included all six crew members of the Soviet-era cargo plane, as well as local people who were killed when the plane skidded off the runway and ploughed […]
