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/ 28 January 2008

Global equities deep in gloom

Asian and European stock markets fell sharply again on Monday as investors worried about possible recession and a forthcoming interest-rate call in the United States, analysts said. The Paris market fell amid anxiety and tension after an alleged -billion fraud was unearthed last week at French bank Société Générale.

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/ 28 January 2008

Now Obama has the momentum

Democrats Barack Obama and Hillary Clinton jockeyed for position on Sunday in a bruising United States presidential race after Obama scored a landslide win in a South Carolina primary tinged with the issue of race. ”I think [the result] speaks extraordinarily well, not just for folks in the South, but all across the country,” said Obama.

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/ 24 January 2008

World stocks surge

Global share prices rocketed on Thursday, though fears of an economic slowdown lingered as Société Générale revealed a massive €4,9-billion fraud-related loss it attributed to one of its traders. Europe’s leading share indices surged in morning deals, with gains of between 4% and more than 5% after a recovery on the Japanese market.

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/ 24 January 2008

DRC peace agreement welcomed

The United States on Wednesday welcomed the peace agreement reached in the Democratic Republic of Congo’s (DRC) strife-torn Kivu provinces and urged all parties to ensure its prompt implementation. ”The US welcomes the signing of a peace,” White House spokesperson Dana Perino said in a statement.

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/ 24 January 2008

Gore: Climate change worse than feared

Climate change is occurring far more rapidly than even the worst predictions of the United Nations Nobel Prize-winning Intergovernmental Panel on Climate Change, Al Gore said on Thursday. Recent evidence shows "the climate crisis is significantly worse and unfolding more rapidly than … projections had warned us", he said.

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/ 24 January 2008

Clinton, Obama take war of words to airwaves

Democratic presidential contenders Barack Obama and Hillary Clinton took their escalating war of words to the airwaves on Wednesday, launching radio ads in South Carolina directly attacking each other. Three days ahead of South Carolina’s Democratic presidential primary, Clinton aired a radio ad ridiculing Obama’s recent comments.

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/ 22 January 2008

Wall Street expected to plunge

Wall Street was expected to plunge at the opening of trading on Tuesday, extending its huge losses from last week and taking more cues from heavy selling that has spread throughout the world. Indicators showed the Dow Jones industrial average was set to fall by about 500 points when trading begins.

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/ 18 January 2008

Israel flattens Hamas Interior Ministry

Israel closed border crossings with the Gaza Strip and destroyed the Hamas-run Interior Ministry on Friday in what witnesses said was an air strike, stepping up what it says is a campaign to halt Palestinian rocket attacks. One woman was killed and at least 30 others nearby were wounded in a large explosion, medical officials said.

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/ 16 January 2008

Right-wing party quits Olmert’s govt

A right-wing party quit Israeli Prime Minister Ehud Olmert’s government on Wednesday, condemning his peace talks with the Palestinians and leaving him even more politically vulnerable. Olmert had his majority in the 120-member Parliament cut from 78 seats to 67 after Yisrael Beiteinu’s defection.

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/ 14 January 2008

Bush urges Arab allies to confront Iran

United States President George Bush on Sunday ratcheted up rhetoric over Iran, lambasting it as ”the world’s leading sponsor of state terror”, and urging America’s closest Arab allies to confront it ”before it is too late”. ”Iran’s actions threaten the security of nations everywhere,” he declared in Abu Dhabi.

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/ 13 January 2008

Romney, McCain debate jobs in depressed Michigan

Republican rivals Mitt Romney and John McCain clashed on Saturday over how to revive the depressed economy of Michigan, as the most open United States presidential race in decades approached its next big test. Romney needs to win the Republican primary here on Tuesday after losing Iowa to former Arkansas governor Mike Huckabee and New Hampshire to McCain.

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/ 12 January 2008

UN condemns Sudan for attack on peacekeepers

The United Nations Security Council opened the door on Friday to new economic, political or military sanctions against Sudan because of an attack by its troops on a UN peacekeeping convoy earlier this week. The council said it ”condemns in the strongest possible terms” Monday’s attack on UN peacekeepers by ”elements of the Sudanese armed forces”.

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/ 11 January 2008

Israel salutes Bush, cautious of ‘treaty’ hopes

The Israeli government said on Friday it endorsed United States President George Bush’s call during his visit for a rapid peace agreement but made clear it does not see the final establishment of a Palestinian state this year. Israeli Prime Minister Ehud Olmert’s spokesperson said that Israel hoped for a ”historic agreement” in 2008.

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/ 11 January 2008

Bush seeks backing against Iran from wary Gulf

United States President George Bush arrived in Kuwait on Friday to rally the support of Arab allies against what he calls the Iranian "threat" after making a bold prediction for Middle East peace. Bush flew in aboard <i>Air Force One</i> after his first presidential trip to the Holy Land, where he said he believed a peace treaty would be signed within a year.

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/ 11 January 2008

Doubts grow over Iranian boat threats

Doubts intensified on Thursday night over the nature of an alleged aggressive confrontation by Iranian patrol boats and American warships in the Persian Gulf on Sunday, after Pentagon officials admitted that they could not confirm that a threat to blow up the US ships had been made directly by the Iranian crews involved in the incident.

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/ 11 January 2008

Kerry snubs Edwards by backing Obama

John Kerry, the senator who ran against George Bush in 2004, endorsed Barack Obama yesterday in a slap in the face to Hillary Clinton and to John Edwards, his vice-presidential running mate in 2004. ”Martin Luther King Jr said the time is always right to do what is right,” Kerry told a rally in South Carolina.

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/ 10 January 2008

Bush sees Middle East peace treaty in a year

United States President George Bush on Thursday predicted the signing of a Middle East peace treaty in a year and called for an end to Israel’s four-decade occupation of Palestinian land. Giving an assessment of his talks with Israeli and Palestinian leaders over the past two days, he said it was time for both to make ”difficult choices”.

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/ 10 January 2008

Bush presses Mideast peace bid amid scepticism

Embarking on his first visit to Jerusalem as United States President, George Bush pressed Israeli and Palestinian leaders on Wednesday to seize what he called an historic opportunity and make tough concessions for peace. Defying sceptics who doubt he can deliver on a pledge to seek a deal on a Palestinian state before he leaves office in a year, Bush said he was ”very hopeful”.

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/ 9 January 2008

AU chief meets leaders in Kenya crisis

African Union chief John Kufuor met Kenyan leaders on Wednesday to try to break a political deadlock following disputed presidential polls that sparked widespread violence and left at least 600 dead. President Mwai Kibaki, whose re-election 11 days ago triggered the unrest, denied there was any national crisis in his meeting with Kufuor.

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/ 9 January 2008

Iran dismisses US navy video as fake

Iran’s Revolutionary Guards accused the United States of fabricating footage claiming to show Iranian speedboats harassing US warships in the Strait of Hormuz, state television reported. ”The footage released by the US Navy are file pictures and the audio has been fabricated,” a source in the naval section of the Revolutionary Guards was quoted as saying.