Oil drops 7 percent to 3-1/2-year low below $50
NEW YORK - Oil prices dropped more than 7 percent to below $50 a barrel on Thursday as a bearish U.S. jobs report intensified concerns of a long and deep global recession and further crushed fuel demand expectations.
Nations:Kuwait Venezuela Saudi Arabia Activities:2007-8 Oil Crisis Source:(Reuters)
2008-11-20
Judge orders release of 5 terror suspects at Gitmo
WASHINGTON - A federal judge on Thursday ordered the release of five Algerians held at Guantanamo Bay, Cuba, and the continued detention of a sixth in a major blow to the Bush administration's strategy to keep terror suspects locked up without charges.
Nations:Afghanistan Algeria People:George W. Bush Activities:CIA Prison Scandal Source:(AP)
2008-11-20
Recession fears send world markets down
LONDON - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Nations:Italy South Korea Australia Activities:Asian Markets European Markets Source:(AP)
2008-11-20
Al-Qaida No. 2 insults Obama with racial epithet
CAIRO, Egypt - Al-Qaida's No. 2 leader used a racial epithet to insult Barack Obama in a message posted Wednesday, using a demeaning racial term implying that the president-elect is a black American who does the bidding of whites.
Nations:Afghanistan Israel Egypt People:Osama bin Laden Barack Obama Condoleezza Rice Colin Powell George W. Bush Activities:Obama Admin. Source:(AP)
2008-11-19
Indian navy sinks suspected pirate "mother" ship
NEW DELHI - An Indian naval vessel sank a suspected pirate "mother ship" in the Gulf of Aden and chased two attack boats into the night, officials said Wednesday, yet more violence in the lawless seas where brigands are becoming bolder and more violent.
Nations:Somalia Malaysia United Arab Emirates Saudi Arabia Kenya Thailand Source:(AP)
2008-11-19
Dem sources: Clinton to help Hillary get State job
CHICAGO - Former President Bill Clinton has offered several concessions to help Sen. Hillary Rodham Clinton, his wife, become secretary of state, people familiar with President-elect Barack Obama's transition vetting process said Wednesday.
Nations:Kuwait Qatar People:Hillary Clinton Bill Clinton Barack Obama George W. Bush Activities:Obama Admin.
2008-11-19
Aruba police pursue new evidence in Holloway case
SAN JUAN, Puerto Rico - A new witness has come forward in the 2005 disappearance of American teenager Natalee Holloway in Aruba, and prosecutors said Tuesday they are seeking more evidence against the only remaining suspect.
Nations:Netherlands Thailand Activities:Alabama Teen Missing Case Source:(AP)
2008-11-18
Clinton lawyers vetting her for secretary of state
CHICAGO - Sen. Hillary Rodham Clinton has engaged three prominent lawyers to help President-elect Barack Obama vet her candidacy for secretary of state even as some insiders criticized the pick and advisers to the former first lady said she was weighing whether to take the job if Obama offered it.
Nations:Kuwait Qatar People:Bill Clinton Hillary Clinton Barack Obama George W. Bush Activities:Obama Admin.
2008-11-18
Recession fears deepen as Citigroup slashes 50,000 jobs
TOKYO (AFP) - Asian shares fell Tuesday on mounting fears of an extended global recession after US banking giant Citigroup announced 50,000 job cuts and carmakers on both sides of the Atlantic pleaded for help.
Nations:South Korea Italy Australia People:Henry Paulson Angela Merkel Ben Bernanke Activities:2008 Global Recession Asian Markets
2008-11-17
Afghan offer to Taliban leader catches US in awkward spot
WASHINGTON (AFP) - The US administration found itself in an awkward position after Afghanistan's offer of peace talks with Mullah Mohammad Omar, the fugitive Taliban leader long seen by Washington as an arch-enemy.
Nations:Afghanistan Saudi Arabia U.S. People:Hamid Karzai George W. Bush Activities:Afghan Terror War Source:(AFP)
2008-11-17
Citigroup to shed another 53,000 jobs
NEW YORK - Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.
Nations:United Arab Emirates Activities:Global Financial Crisis
2008-11-17
Obama vows to exit Iraq and rebuild US 'moral stature'
WASHINGTON, (AFP) - President-elect Barack Obama vowed to pull troops out of Iraq, crush Al-Qaeda in Afghanistan and shut down the Guantanamo Bay camp as part of a dramatic foreign policy break with George W. Bush.
Nations:Afghanistan People:Barack Obama George W. Bush Hillary Clinton Activities:Obama Admin. Second Gulf War
2008-11-16
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