1 Dead, Another Wounded in Separate Sydney Shootings
An unidentified 19-year-old boy was shot in his own home by policemen who responded to a call at about 1 a.m. that three prowlers had broken in at a house in Holmes Street, Colyton, Sydney.
Suspect Arrested in Assassination of Former Afghan President
Afghan authorities said Sunday they have arrested the prime suspect in the murder of former President Burhanuddin Rabbani, head of the High Peace Council.
Suicide Bombing in Indonesian Church Leaves 22 Wounded
The most recent incident of suicide bombing in Indonesia on Sunday left at least 22 people, who just attended the regular worship, seriously injured.
Banks Refuse to Grant Greece Longer Repayment Terms
Commercial banks have rejected calls for creditors to allow Greece to trade its existing bonds for those with extended repayment limits.
Astonishing Discovery: These Particles Move Faster than Speed of Light
Researchers working for the European Organization for Nuclear Research (CERN) were caught by surprise with a fantastic finding during one of their routine experiments in Switzerland.
Euro Recovers as G-20 Vows Joint Response to Economic Problems
The euro made a comeback after five consecutive days of shortfalls against the U.S. dollar and Japanese yen and reduced its decline to just above 2 percent since Sept. 16 on Thursday.
Soros Warns EU Debt Debacle Could Launch Depression
George Soros said, "If the crisis is controlled, the German voting public will force austerity on the rest of Europe, pushing the entire region into recession and ultimately into a depression."
Slump Hits Canadian Stock Market Too
It was a similar experience for the stock market in Toronto as the major stock index went down by more than 3 percent on Thursday, the lowest level since 2010.
Republicans not Keen on Fed Plan to Fire up Economy
Political opponents of U.S. President Barack Obama have expressed serious doubts about the Federal Reserve's bold move to pump up the country's floundering economy with its latest plan to trade short-term for long-term bonds.
World Leaders Move Swiftly, Urgently to Curb Currency Crisis
Government leaders of Australia, Britain, Canada, Mexico and other Asian countries have called on all 17 members of the Eurozone to deal with the worsening problems of the Euro currency.
U.S. Retailers Predict Average Sales for the Holidays
U.S. retail firms prefer to remain conservative about revenue projections for the forthcoming holiday season but see reasonable sales even as shoppers are quite wary about excessive spending due to the prolonged economic downturn.
International Lenders Force Greece to Take on Austerity Measures
Finance Minister Evangelos Venizelos of Greece told members of Parliament on Thursday that the beleaguered government has decided to adopt more austerity measures, which consisted of reducing pensions and making adjustments in the public sector.
European Banks Face $410 Billion Deficit
The International Monetary Fund today made public a Global Financial Stability Report that underscored the need for European commercial banks to augment assets to ensure the confidence and loyalty of creditors and depositors.
Federal Reserve Tries New Approach to Resuscitate Economy
The U.S. Federal Reserve announced on Thursday that it unveiled another strategy purportedly to reduce the costs of long-term loans and reinforce the nation’s slumping housing industry.
