Dow Plunges More Than 300 on Intensifying U.S.-Europe Debt Fears
Financial-related issues are taking the worst beating in the session.
Britain Cuts Off All Financial Ties With Iran
We have ceased all contact between the UK's financial system and the Iranian financial system,” Osborne said.
Moody’s Warns France’s AAA Credit Rating at Risk
Complicating matters is the high exposure that major French banks have to the distressed debt of other Eurozone nations like Greece and Italy.
Syrian Soldiers Attack Bus Carrying Turkish Pilgrims
The buses were returning from the holy Islamic pilgrimage site of Mecca in Saudi Arabia and later arrived safely in Turkey.
Conservatives Triumph in Spain, but Markets Not Happy
The PP won 44.6 percent of the popular vote, versus only 28.7 percent for the Socialists.
Wind Farms 'Useless': Prince Phillip
However, the UK government appears committed to upgrading and expanding wind power.
Pope Pleas for Peace and Reconciliation in West Africa
Half of the country’s population is Christian, although some of them incorporate the practice of Vodun (voodoo) in their rituals.
Madman Stabs Four Policemen in North London
The suspect, a 32-year old man, has been arrested on suspicion of attempted murder and remains in custody at a West London police station.
Market-Economics Week in Review & Preview of Next Week
Rising sovereign yields in Europe added to negative pressure for global equities during the week
Prominent Figures Urge David Cameron to Legalize Drugs
The group is also urging that governments and courts treat drug addiction as a “medical” problem, instead of a criminal violation.
US, China Hold ‘Constructive’ Talks on Trade, Currency, South China Sea
The US is seeking to boost its influence in Southeast Asia, putting it at direct loggerheads with an ascendant China.
EU Reluctantly Agrees to Modest 2% Budget Increase for 2012
This is clearly an austerity budget, as most member states are in the midst of a serious financial crisis, said EU budget commissioner Janusz Lewandowski.
Cricket World Mourns Passing of South Africa’s Basil D'Oliveira
In honor of D’Oliveira, South African and Australian cricketers stood in silence for one minute.
Spain Faces Crucial Election Sunday
Unrest and anger run deep against the ruling leftist Socialist Workers Party, which is almost guaranteed to lose the election.
Germany's Merkel and the UK's Cameron: She Said, He Said
While German Chancellor Angela Merkel and British Prime Minister David Cameron have tried to put a happy face on their Friday meeting in Berlin, the two prominent European leaders differ sharply on ways to resolve the Eurozone debt crisis.
Jews Concerned About Presence of Extreme Rightists in Greek Coalition Government
Georgios Karatzaferis has repeatedly made derogatory comments about the Jews and denied the Holocaust.
Italy’s Monti Passes Second Confidence Vote
Former Prime Minister Silvio Berlusconi also gave Monti tacit support.
Greek Government Submits New Budget, Vows to Cut Deficit in Half
Papademos’ government also promised that it will not have to enact any further austerity cuts.
Now Cyprus May Need Bailout from Eurozone
The new austerity measures are expected to be opposed by the country’s powerful trade unions.
Monti Faces Crucial Second Confidence Vote
Monti has also already vowed to crack down on tax evasion and reform the country’s pension plans in an effort to ease Italy’s massive debt
Pakistan Ambassador to U.S. Offers to Resign Over Mysterious Memo
There is controversy over the very existence of the memo.
Italy’s Mario Monti Wins Confidence Vote
The upper House of Parliament gave its endorsement to the new administration by a vote of 281 to 25.
Virus Threatens Africa’s Staple Cassava Crop
Cassava is crucial to the health of Africans, providing much-needed carbohydrates for around 200 million people on the continent.
Horrific Murder in South African Classroom Witnessed by Students
Guildford Shapo was later taken to WS Knobel Hospital where he died.
UBS to Cut 2,000 Investment Banker Jobs, Focus on Wealth Management
The job cull would slash the number of bankers to 16,000.
Proposed Removal of Controversial Law Sparks Dispute in Kashmir
For over two decades, India has maintained hundreds of thousands of armed forces in this border state where a violent insurgency, partially fueled by training and funds from Pakistan, raged for several years.
Shunned by West, Zimbabwe’s Mugabe Embraced by China
Chinese vice-president Xi Jinping praised Mugabe as an old friend of China.
Monti Presents Economic Plan for Italy, While Students Protest
Monti has vowed to reduce debt, while seeking to maintain economic growth and social equity.
Spanish Borrowing Costs Soar to 14-Year High
The Madrid government 3.56 billion euros of new bonds, short of the maximum target of four billion euros.
George Harrison and India: The Real ‘Magical Mystery Tour’
George Harrison inadvertently became the greatest promoter of Indian culture and Hinduism to the Western world during the 20th century.