Abbas rejects talks sans settlement halt

admin

Gaza, September 26: The acting Palestinian Authority chief has ruled out new talks with the Israeli regime without a total halt to settlement expansion efforts on his return from New York to the occupied West Bank. “We have confirmed to all that we want to achieve our rights through peaceful […]

IMF resources wont suffice if global crisis worsens: Lagarde

admin

NEW YORK: The International Monetary Fund’s (IMF) $384-billion lending chest may not be enough to meet all loan requests if the global economy worsens, said managing director Christine Lagarde . “The fund’s credibility, and hence effectiveness, rests on its perceived capacity to cope with worstcase scenarios,” Lagarde said in an…

Migrants flee after quake

admin

Gangtok, Sept. 24: When the boulders started raining down, the toil for survival turned into a trek for staying alive. At least a thousand labourers, many of them from Bengal, fled the site of the 1,200MW Teesta Stage-III hydel power project in Chungthang, North Sikkim, after seeing several fellow workers […]

Afghan police foil suicide attacks in the south

admin

KABUL, Afghanistan – Afghan police say officers have shot dead two men wearing explosives vests, foiling a planned suicide attack on a government building. The Ministry of Interior says the shooting on Sunday morning in the southern Zabul province detonated the attackers’ explosives and both died. Separately, the ministry says […]

Pakistan warns U.S. against sending ground troops

admin

ISLAMABAD – Pakistan’s foreign minister on Saturday warned the United States against sending ground troops to her country to fight an Afghan militant group that America alleges is used as a proxy by Pakistan’s top intelligence agency for attacks in neighboring Afghanistan. The warning came as the U.S. Embassy said […]

UBS chief quits over rogue trading loss

admin

UBS chief executive Oswald Gruebel has resigned over a $2.3 billion loss caused by rogue trading at its investment division, which is to be restructured now to prevent similar incidents in future, the Swiss bank said. Sergio Ermotti, the new interim boss, said on Saturday the scandal had revealed a […]

Geithner sounds alarm on Europe

admin

By Ben Rooney September 24, 2011: 11:09 AM ET U.S. Treasury Secretary Tim Geithner said European leaders need to do more to prevent financial chaos in Europe. NEW YORK (CNNMoney) — The Treasury Secretary says the euro area sovereign debt and banking crisis are the biggest threat to the global […]