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World - Embattled Hillary Clinton urges State Department to release emails

By Steve Holland WASHINGTON (Reuters) - U.S. Democrat Hillary Clinton on Wednesday broke her silence over a budding controversy involving her use of personal email for work when she was secretary of state, saying she wanted the U.S. State Department to release them swiftly. Clinton`s statement was aimed at cooling a political firestorm over allegations that she inappropriately used her personal email for work while secretary of state from 2009 to 2013. The State Department said it will review the emails provided by Clinton `using a normal process that guides such releases.` `We will undertake this review as quickly as possible. Clinton`s tweeted statement came hours after a congressional committee investigating the Sept. 11, 2012, attack on a U.S. diplomatic facility in Benghazi, Libya, issued subpoenas for her emails.

Thursday, March 05, 2015  06:25


World - Libya asks UN to approve arms contracts

Libya urged the UN Security Council to approve a request for military purchases as it struggles to combat Islamic State extremists and protect its oil fields. The internationally-recognized government, one of two bodies that claims to rule troubled Libya, has asked the council`s sanctions committee to grant an exemption to an arms embargo and allow it to beef up its air force. `The leadership of the Libyan army has submitted specific requests for exemptions from the arms embargo to the sanctions committee,` Libyan Ambassador Ibrahim Dabbashi told the 15-member council.

Thursday, March 05, 2015  05:49


World - UN urges Mali rebel groups to sign peace deal

The UN Security Council on Wednesday urged Mali`s Tuareg rebel groups to sign on to a peace deal that it welcomed as an important step towards lasting peace in Mali. `We encourage the armed groups of the Coordination to initial the agreement,` said French Ambassador Francois Delattre, who chairs the 15-member council this month. `We welcome this draft peace agreement as an important step towards achieving a comprehensive and inclusive agreement towards lasting peace in Mali,` said Delattre, on behalf of the council.

Thursday, March 05, 2015  00:21


Business - Wall Street down for second day after rally; healthcare gains

Healthcare stocks were the only bright spot in the market after a U.S. Supreme Court hearing and a cancer drug approval. Equities had surged in February and both the Dow and S&P hit record highs on Monday, when the Nasdaq surpassed the 5,000 level for the first time in 15 years. Many investors were holding off on making big bets ahead of a flurry of economic data due in the rest of the week, culminating with the Labor Department`s February payrolls report. The S&P 500 healthcare index , which has risen 5.75 percent since year-end, finished up 0.39 percent Wednesday as investors bet that the Supreme Court may lean toward the Obama administration`s view on the Affordable Care Act after the court heard a second major challenge to the law.

Wednesday, March 04, 2015  23:27


World - New Zealand spying on Pacific neighbors and Indonesia: Snowden documents

New Zealand has been spying electronically on its Pacific Island neighbors and Indonesia and sharing the intelligence with its international allies, according to documents released on Thursday. The documents, released by former U.S. National Security Authority contractor Edward Snowden and dating back to 2009, said New Zealand`s electronic spy agency had intercepted emails, mobile and fixed line phone calls, social media messages and other communications in small Pacific states including Fiji, Samoa, Solomon Islands, and French Polynesia. The material gathered by the Government Communications Security Bureau (GCSB) was shared with the U.S. National Security Agency (NSA), which along with agencies in Australia, Britain, and Canada, make up the `Five Eyes` surveillance network. `They`ve gone from some selected targeting of the South Pacific states and other targets to a new stage of where they just hoover up everything,` investigative writer Nicky Hager said on Radio New Zealand.

Thursday, March 05, 2015  01:54


Business - Fed struggled with 2009 bailouts, bond-buying: transcripts

WASHINGTON/NEW YORK (Reuters) - The Federal Reserve struggled with the message being sent by its involvement in bank bailouts in 2009 and worried about its implementation of a bond-buying program aimed at easing the financial crisis, according to transcripts released by the U.S. central bank on Wednesday. The transcripts from Fed meetings in 2009 reveal intense discussions on how to prop up the U.S. banking system and stimulate an economy reeling from the biggest financial shocks since the Great Depression. `Until the reinforcements arrive, I don`t think we have much choice but to try to work with other parts of the government to prevent a financial meltdown,` then-Fed Chairman Ben Bernanke said during an unscheduled Jan. 16, 2009 conference call, shortly after Bank of America announced massive fourth-quarter losses. The Charlotte-based bank`s losses, driven by its emergency takeover of Merrill Lynch, prompted the Fed to step in with financial support, which ruffled some central bank officials who expressed concern over the bailout.

Wednesday, March 04, 2015  17:25


Most Recent - Abid Naseer convicted in 2009 bomb plot

Wednesday, March 04, 2015  20:44


World - Nobel Peace Prize chairman demoted, first time in 114-year history

The committee that awards the Nobel Peace Prize demoted its chairman on Tuesday, for the first time in the 114-year history of the award after his right-wing opponents won a majority on the prestigious panel. Thorbjoern Jagland, a former Norwegian prime minister of the Labour Party who has chaired the five-member panel since 2009, will now be a mere member of the committee that has received a near-record 276 nominees for the 2015 prize. Kaci Kullmann Five, a former leader of Norway`s ruling Conservative Party, will take over after right-wing parties gained a new representative, giving them a 3-2 majority to make the unprecedented demotion at the first meeting of 2015. Jagland has been a lightning rod for criticism of awards including to Barack Obama in 2009 -- less than a year after the U.S. president took office -- to Chinese dissident Liu Xiaobo in 2010 and to the European Union in 2012.

Tuesday, March 03, 2015  17:40


World - Nobel Peace Prize chairman suffers unprecedented demotion

The committee that picks the Nobel Peace Prize demoted its chairman on Tuesday for the first time in the 114-year history of the awards after his right-wing opponents gained a majority on the panel. Thorbjoern Jagland, a former Norwegian prime minister of the Labour Party who has been chairman of the five-member panel since 2009, will now be a mere member of the prestigious committee. Kaci Kullmann Five, a former leader of the ruling Conservative Party, will take over. Jagland, disliked by right-wingers, has been a lightning rod for criticism of awards including to Liu, to the European Union in 2012 and to U.S. President Barack Obama in 2009.

Tuesday, March 03, 2015  16:28


Business - Samsung Elec to freeze salaries in South Korea for first time since 2009

Samsung Electronics will freeze wages in 2015 for employees in South Korea for the first time in six years, after the world`s biggest smartphone maker saw profits fall in the face of rising competition. The cost-cutting move is the latest by Samsung Electronics, which in January reported its first annual profit decline since 2011, as it lost market share to Apple Inc`s new iPhones and cheaper Chinese rivals like Xiaomi Inc [XTC.UL]. The wage freeze also comes as the electronics giant is widely expected to unveil its next Galaxy S smartphone at a March 1 event, hoping to revive sales growth momentum. Samsung Electronics had already frozen 2015 wages for executives as part of belt-tightening measures, a company spokeswoman said, confirming media reports.

Thursday, February 26, 2015  11:27

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