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Cut in nuclear stockpiles proposed by Obama in talks with Russia
BERLIN - US President Barack Obama on Wednesday said he would seek talks with Russia to reduce the number of strategic nuclear weapons both hold by up to a third. Speaking in front of Berlin's iconic Brandenburg Gate during a visit to the German capital, Obama said he was confident the US could maintain its security while reducing its nuclear capacity by a third. He also called for ...
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Karzai says peace talks with Taliban should be Afghan led
KABUL - An angry Afghan President Hamid Karzai said Wednesday his government would not join US peace talks with the Taliban "until the peace process is totally under Afghan control." He also suspended talks with the US to discuss the nature of US military presence after international troops withdraw in 2014. A spokesman for President Hamid Karzai said the decision was taken over ...
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North Korean leader Kim used luxury yacht to tour coast, says report
SEOUL, South Korea - North Korean leader Kim Jong-un has used a luxury boat to tour the country's east coast amid indications that the 90-feet-long yacht may have been smuggled into the country in defiance of UN sanctions that bans importing of luxury items to the impoverished country. A website that tracks events in the reclusive state said the yacht, a Princess 95MY made by British-based ...
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Somalia UN office attacked and 15 killed by Islamist militants
MOGADISHU, Somalia - At least 15 people, including some United Nations workers, were killed Wednesday when a UN compound in the Somali capital came under a bomb and gun attack by Islamist militants of an Al Qaeda-linked group, a minister said. Interior Minister Abdikarim Hussein Guled in a hurriedly called press conference said that the eight slain UN workers included four foreigners working ...
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NSA director defends e-snooping claiming it helped foil 50 terror attacks foiled
WASHINGTON - The controversial US snooping of foreign emails and telephone calls has prevented more than 50 potential terrorist attacks in at least 20 countries, the director of the National Security Agency (NSA) has said in defending the surveillance programme. The targets include the New York Stock Exchange and other important installations across the world, General Keith Alexander said ...
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Chrysler to recall 2.7 mn Jeeps but says vehicles not defective
NEW YORK - Chrysler avoided a showdown with the US government by agreeing to recall 2.7 million Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. Chrysler said it recognised the matter had raised concerns for customers The US company said it had resolved its differences with the National Highway Traffic Safety Administration (NHTSA). The recall affects ...
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Dalian Wand Group to enhance UK presence with luxury hotel and yacht unit
LONDON - China's largest premier commercial property and entertainment conglomerate, Dalian Wanda Group Wednesday entered into 320million pounds definite acquisition deal with leading British yacht company, Sunseeker International Ltd, under which Wanda will acquire a majority shareholding of 91.81% in pre-eminent luxury motor yacht manufacturer. Under the agreement, the remaining 8.19% ...
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Four US mortgage servicers faulted for lapses by settlement monitor
WASHINGTON - Four of the largest U.S. mortgage servicers, including Citigroup Inc (C). and Bank of America Corp., have failed to adequately upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have failed to adhere to some of the new standards set out in a landmark settlement meant to ...
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EU antitrust regulator fines Lundbeck and several generic drug firms
BRUSSELS - European Union in its first case over pay-for-delay deals that held back sales of cheaper generic drugs Wednesday fined Danish pharmaceutical company Lundbeck 93.8 million euros and imposed fines totaling 52.2 million euros on several other producers of generic medicines. The European Commission, the EU's antitrust regulator, said the companies had reached agreements that may ...
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Spain making progress but requires urgent action to generate growth says IMF
MADRID - Spain risks high joblessness and sluggish growth for years unless its government together with Europe takes "urgent action' to generate growth and jobs, the International Monetary Fund stated Wednesday. "While there are signs the economic contraction may end soon, the outlook remains difficult," IMF said in its annual assessment of the Spanish economy. "But unemployment remains ...
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Reforming Veterans Affairs Preserving Promises to Those Who Serve
- Roughly 900,000 veterans are awaiting their Veterans Affairs (VA) disability compensation claims, with 70 percent backlogged for more than 125 days. Veterans' waiting in line for claims--sometimes for years--is utterly unacceptable; yet the VA says they can't resolve the backlog until 2015.On June 20 ...
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U.S. slow to deliver promised aid to Syrian rebels
WASHINGTON - While State Department officials are fond of saying they’re providing hundreds of millions of dollars in assistance to the Syrian opposition, only a fraction of the promised funds has arrived, and none has gone to the political body the U.S. looks to as an alternative to President Bashar Assad’s regime. The State Department this month released the most in-depth aid ...
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Iran’s president-elect may shift country’s policies toward Persian Gulf Israel
TEHRAN, Iran - To understand the changes likely to occur under Iran’s new president, Hasan Rowhani, consider this summation of the outgoing regime by a veteran foreign policy analyst. Iran’s approach to the world was ideological and focused attention on the Arab-Israeli conflict and Lebanon – issues far from the country’s vital interests, said Davood Hermidas Bavand, a ...
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Senators pressure Obama on no fly zone in Syria
WASHINGTON - Less than a week after the White House announced findings of chemical weapons use in Syria and the initiation of a policy that would allow the CIA to provide Syrian rebels with light weaponry and ammunition, President Barack Obama is answering critics who say that small arms are no longer enough to turn the direction of the war.In a letter from leading senators on foreign ...
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Cisco CEO Israel will be the first digital state
Israel will be the first end-to-end digital nation, Cisco CEO John Chambers said on Wednesday in Jerusalem. Prime Minister Binyamin Netanyahu and Chambers agreed earlier in the day to establish a working group to explore how Cisco can help upgrade Israel's digital infrastructure.Whereas most countries upgrade one area at a time, Israel is moving to connect homes with fiber-optic ...
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AIPAC warns on Iranian president-elect Rohani
WASHINGTON - In a memo to supporters, the American Israel Public Affairs Committee expressed deep suspicion of Iranian President-Elect Hassan Rohani, saying that he "has signaled no willingness to halt Iran's illicit nuclear program."The powerful pro-Israel lobby in Washington said the Iranian people voted for Rohani because they saw him as the best chance for sanctions ...
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Russia China among worst in human trafficking Report
Chinese tourists look up at the Chinese national flag as it flies at half-mast on Beijing's Tiananmen Square October 17, 2012. (REUTERS/David Gray) WASHINGTON - An annual U.S. State Department report on Wednesday cited Russia and China among the world's worst offenders in fighting forced labor and sex trafficking, which could lead to U.S. sanctions. The U.S. designation drops Russia ...
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As Tea Party rallies FBI says IRS probe a top priority
Rep. Michele Bachmann (R-MN) addresses the crowd during a Tea Party rally to "Audit the IRS" in front of the U.S. Capitol in Washington June 19, 2013. REUTERS/Gary ...
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Analysis Brazils protests Not quite a Tropical Spring
SAO PAULO (Reuters) - Brazil's blossoming protest movement is a coming-of-age for what had been one of Latin America's most politically disengaged youth populations, but does not appear to constitute a major threat to governability or established political ...
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Bernanke sends stocks bonds skittering
Federal Reserve Chairman Ben Bernanke is on a television screen as specialist James Naughton works at his post on the floor of the New York Stock Exchange Wednesday, June 19, ...
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Fast-Spreading Virus Under Inquiry in Saudi Arabia
A man in a Saudi hospital has pneumonia. The patient in the room next door gets sick, and before anyone realizes what is happening he infects seven others, each of whom infects at least one more. An outbreak is born. A detailed investigation of the viral illness first detected last year in Saudi Arabia has revealed the chilling ease with which the virus can spread to ill patients in the ...
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Opponents protest Egyptian President Mohammed Morsi’s appointments
CAIRO - The decision by Egyptian President Mohammed Morsi to name 17 new provincial governors, including several who belong to his former party, triggered another round of violence here and the reported resignation of a top minister. The events stoked fears that Egypt’s first democratically elected leader was increasing Islamists’ control over the nation. Such violence, which ...
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Palestinians fire rocket at South shattering calm
Shattering a lengthy period of calm, Palestinians in the Gaza Strip fired an unknown number of rockets at southern Israel, triggering air raid sirens in Ashkelon and surrounding areas early on Wednesday morning and awakening residents.As of Wednesday evening, the IDF, which launched a search of the area, found no projectiles in Israeli territory, and an army source indicated the rockets may ...
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Netanyahu recommends keeping 60 of natural gas
Prime Minister Binyamin Netanyahu will propose to the cabinet on Sunday that Israel maintain 540 billion cubic meters of natural gas in its reservoirs - a 20-percent jump from previous government recommendations.Netanyahu presented the proposed export policy, which has been a contentious subject since the discovery of Israel's copious gas supplies, at a press conference in his Jerusalem ...
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Michigan Governor hopes Waze will reroute to his state
recently purchased Israeli firm Waze to the US, why not to the search company's R&D facility in the state instead of its headquarters in Silicon Valley? That is a question Michigan Gov. Rick Snyder asked this week on a visit to GPS-based navigational app company Waze's headquarters in Ra'anana that he described as one of the highlights of his nine-day trade mission to ...
Shanghai Focus
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Shanghai looking ahead to future
Shanghai is the commercial capital of China and the most populous city in the People’s Republic, with origins as a small fishing village, the city has grown into a global city with fingers that stretch across the world, exerting global influence over international cultural, commercial and political scenes. With major projects and programs underway, the future looks bright for Shanghai.
It was recently reported by international, Chinese and Shanghai news media that China had eclipsed Japan as the second-largest economy in the world. China’s GDP and economic activity has surpassed that of Japan for many decades, but the announcement was made on the back of a range of factors including imports and exports and the human development index within major cities such as Shanghai. Read more
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