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Consumer, tech stocks pressure Wall Street

The technology-heavy Nasdaq led stocks lower on Thursday as investors continued to fret about weakness in the global economy and Wall Street looked set to limp to its worst quarter in three years.
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Typhoon Nesat

Typhoon Nesat: Storm Pounds Hong Kong, China

Typhoon Nesat, known as Typhoon Pedring to locals when it hit the Philippines earlier in the week, has reached China. Markets and schools were shut in Hong Kong and the storm is moving across the coast to the Hainan Province.
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China Hit by Typhoon Nesat

Typhoon Nesat hit Hainan Island in South China on Thursday after it had struck Hong Kong forcing markets, schools and businesses to close in one of Asia's most important financial centers.
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China's runaway bosses spotlight underground loan market

A string of Chinese entrepreneurs have gone into hiding to avoid repaying loans, according to state media reports, highlighting a credit squeeze on private firms and the dangers of steep interest rates in China's vast and growing informal lending market.
Director Pedro Almodovar attends a news conference for the film ''La Piel Que Habito'', in competition at the 64th Cannes Film Festival

Catalan Film Beats Almodovar into Oscar Race

Spain nominated a film in Catalan for the first time ever on Wednesday as its candidate for Best Foreign Language Film at the upcoming Academy Awards, ahead of a picture by two-time Oscar winner Pedro Almodovar which stars Antonio Banderas.
Iranian President Ahmadinejad speaks during ceremony to mark Fourth National Anniversary of Nuclear Technology, in Tehran

Youcef Nadarkhani: Christian Pastor's Execution Looms in Iran

Youcef Nadarkhani, a Christian pastor in Iran, faces the death penalty if he refuses to convert to Islam. Nadarkhani, who was arrested in 2009, has been given three chances to repent and convert to Islam. All three times he has refused. Nadarkhani will be given his fourth and final chance to give up Christianity on Wednesday, which he again declined.
Syrians living in Jordan shout slogans against Syrian President Bashar al-Assad after morning prayers on the first day of Eid Al-Fitr outside the Syrian embassy in Amman

Syria News Update: Assassinations and Sanctions

In Syria, anti-government protesters continue undeterred as President Bashar al-Assad intensifies his forceful crackdown against demonstrations. Over the last five days, at least 76 people have been killed in the northern cities of Homs and Hama and in the southern Daraa region, according to activist reports.
Kobe Bryant

Kobe Bryant to Play in Italy? Very Possible During Lockout

Kobe Bryant said it is very possible he will play in Italy during the current NBA lockout, according to The Associated Press. It would make sense because the five-time NBA champion and 13-time all-star spent some of his childhood there.
shanghai metro

Shanghai Metro Blames Controllers for Accident

Shanghai metro officials said the subway crash in the city on Tuesday was the result of a power failure and manual error. The Metro company claims that controllers failed to follow proper protocol after the shortage.

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