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Fake Venices Around the World

If you are paying attention to such trivial things, you’ll eventually hear of many cities that have a nickname claiming they are the “Venice of” something.

Heritage Oil, Turkey's Genel agree $6 billion merger

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UK-based oil explorer Heritage Oil agreed to merge with Genel Energy International, a unit of Turkey's Cukurova Group CUKRO.UL, to create an oil producer focused on Iraqi Kurdistan worth around $5.5 billion.
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Obama seeks new beginning in ties with Muslims

President Barack Obama called for a new beginning in relations between the United States and the Muslim world Thursday, addressing grievances over the Arab-Israeli conflict, two U.S.-led wars and tensions over Iran.
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Obama Cairo Speech transcript

President Barack Obama called for a new beginning between the United States and Muslims Thursday, in a speech delivered at Cairo University.
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Obama to address tough issues in speech to Muslims

President Barack Obama headed for the Middle East on Tuesday hoping to start mending U.S. ties to the Islamic world in a speech that aides say will reach out to Muslims but deal with tough issues like the peace process and violent extremism.
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Obama taps Republican congressman for Army chief

U.S. President Barack Obama on Tuesday nominated Republican congressman John McHugh as secretary of the Army, the latest move to tap an opposition party member for the Democratic administration's top ranks.
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Iran defuses homemade bomb on plane: report

Security personnel defused a homemade bomb found on an aircraft during a domestic flight in Iran late Saturday, Iranian media said, two days after a mosque bombing killed 25 people in the country's southeast.
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Obama speech to Muslims key to new U.S. strategy

President Barack Obama will try to repair America's tarnished image in the Muslim world on Thursday, as he looks to mobilize support for restarting Middle East peacemaking and thwarting Iran's nuclear ambitions.
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Prince Harry gets warm New York greeting

Britain's Prince Harry made his first official visit to New York on Friday to pay somber respects to September 11 victims and wounded veterans and was met by crowds who greeted him as a fun-loving heartthrob more than as a royal diplomat.
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Iran official blames U.S. in deadly mosque bombing

An Iranian official accused the United States on Friday of involvement in a mosque bombing that killed more than 20 people in volatile south-eastern Iran, two weeks before the Islamic Republic's presidential election.
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U.S. consumer mood lifts despite home price plunge

U.S. consumer confidence soared in May to its highest level in eight months, suggesting underlying improvement in the economy after a grim first quarter that witnessed a record plunge in home prices.
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Baghdad, Kirkuk suicide bombers kill 19: police

Suicide bombers killed at least 19 people in Iraq on Thursday in separate attacks in Baghdad and the northern city of Kirkuk, security officials said, underscoring the fragility of Iraq's security gains.
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U.S. Army paid bonuses to KBR despite questions

The U.S. Army paid tens of millions of dollars in bonuses to KBR Inc, its biggest contractor in Iraq, even after it concluded the firm's electrical work had put U.S. soldiers at risk, according to a source close to a U.S. congressional investigation.
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Iran leader says U.S. promoting terrorism

Iran's leading authority accused the United States on Tuesday of promoting terrorism in border areas and using arms and money against the Islamic state, in his latest verbal attack on Tehran's arch enemy.
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Aerospace and Defense stocks fell

Aerospace and defense company shares on Monday fell as Goldman Sachs analyst upgraded aerospace sector and downgraded defense cautiously as spending expected to peak next year.
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Obama opposes detainee abuse photo release

In a reversal, President Barack Obama objected on Wednesday to the release of dozens of photographs showing the abuse of terrorism suspects, fearing the pictures could trigger a backlash against U.S. troops.

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