The Bush administration is asking Congress to let the U.S. government buy $700 billion in bad debt. The huge bailout is designed to calm the turmoil on the world's financial markets. Democratic presidential nominee Barack Obama says he supports the p
The Bush administration is urging U.S. lawmakers to quickly pass its sweeping $700-billion bailout plan for financial institutions that are holding large amounts of bad mortgage debt. U.S. Treasury Secretary Henry Paulson said in television interview
Israeli Prime Minister Ehud Olmert presented his resignation letter to President Shimon Peres at the president's official residence in Jerusalem Sunday. Olmert faces corruption allegations and is likely to be replaced by Foreign Minister Tzipi Livni,
Russian President Dmitri Medvedev says recent events in South Ossetia have complicated the country's financial markets, but there is no economic crisis. 俄罗斯总统梅德韦杰夫说,最近发生在南奥塞梯的事件给俄罗斯的金融市场
Former Japanese Foreign Minister Taro Aso is widely expected to assume the post of Prime Minister this week. Aso is a pro-American leader whose party faces a serious political challenge if it does not address domestic economic fears. 外界普遍预计
A senior government official says Pakistan's top civilian and military leaders had planned to dine at Islamabad's Marriot Hotel when a suicide car bombing struck it, killing 53 people. While an investigation is under way into the country's deadliest
Despite promising to do so, African National Congress president Jacob Zuma has failed to name the party candidate to replace President Thabo Mbeki. Zuma appeared to anoint his deputy for the job. 尽管非国大党主席祖马此前做出承诺,但是
Indian police have shot dead two suspected Islamic militants in a shootout in the Indian capital, days after the city was rocked by serial bomb blasts. At least one more militant has been arrested. Police say one of the men killed was behind the blas
The U.N. refugee agency says it finally has succeeded in entering the so-called buffer zone north of the town of Gori in Georgia. The zone is controlled by Russian military forces and has been out of reach during the past weeks due to the unstable se
The State Department says the attack on the U.S. embassy in the Yemeni capital, Sanaa, was apparently an attempt by terrorists to breach the walls of the heavily-guarded facility. Officials say the attack bore all the hallmarks of an al-Qaida operati
U.S. Defense Secretary Robert Gates says American forces need to do more to prevent killing civilians during military strikes in Afghanistan. While the secretary was in Kabul, U.S. military chief Admiral Mike Mullen visited Islamabad for talks with o
One of the reasons Zimbabwe's economy is such a mess is the collapse of the commercial farming sector. This is due in part to the government's chaotic and sometimes violent land-reform program launched in 2000. The recently signed political power-sha
The troubled U.S. economy once again took center stage in the presidential election campaign Wednesday. 星期三,处于困境的美国经济再次成为美国总统大选的中心议题。 With the financial turmoil on Wall Street dominating the h
North Korean leader Kim Jong Il is still nowhere to be seen, more than a week after South Korean intelligence officials revealed the belief he is recovering from a stroke. South Korean officials are trying to cool down a sizzling media demand for rum
More than a million people remain without electrical power and other normal services nearly five days after Hurricane Ike passed over the Houston-Galveston area. Tensions are growing between various government entities over problems in providing need
U.S. President George Bush says Washington will continue to act to stabilize financial markets shaken by fears of a global financial meltdown. The world's major central banks are joining forces in hopes of restoring investor confidence. 美国总统布
Indian authorities have announced a series of measures to strengthen security following recent bombings in major cities, including the capital. The government has come under attack for not doing enough to counter terrorism. 印度当局宣布了一系列
U.S. Defense Secretary Robert Gates says he will urge caution and prudence in NATO's response to Russia's actions in Georgia when he meets with alliance defense ministers in London Friday. 美国国防部长罗伯特盖茨表示,他这个星期五在
The economic crisis has spread into many areas of the U.S. economy--banks, investment firms, insurance companies, and even the oil markets. Experts seem to agree that the trouble started with bad loans in the housing industry, and grew into a widespr
A senior North Korean official says his country is beginning to restore a disabled nuclear facility capable of producing weapons material. Pyongyang says the United States has not fulfilled obligations under a multinational agreement to get rid of th
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