US Senate Voted to Repeal Export Subsidies

By Deborah Tate The U.S. Senate has voted to repeal a tax subsidy for U.S. exports that the World Trade Organization says violates global trade rules. The bill, which already has been approved by the

UNICEF Warns of Growing Child Trafficking Problem in South A

By Anjana Pasricha The United Nations is urging governments in South Asia to intensify efforts to tackle the growing problem of child sexual exploitation. UNICEF says the problem has worsened since So

20 Years after Tragedy in India, New Report Accuses US Compa

In the early morning hours of December 3, 1984, deadly gas leaked from a Union Carbide pesticide factory in Bhopal, India. The accident would result in the worst industrial disaster of the 20th centur

UN Seeks $1.5 Billion in Aid for Sudan Refugees

By Lisa Schein The United Nations is appealing for $1.5 billion for humanitarian assistance next year in conflict-ravaged Sudan. Lisa Schlein in Geneva reports almost half the money will go towards li

Top US Toy Store Teams with Marines to Donate Holiday Presen

By Faiza Elmasry The weeks leading up to Christmas make up the busiest shopping season of the year, especially for toys. But there are millions of children whose families can't afford a shopping trip

Debate on New Tobacco Control Bill Rages in Kenya

By Josiah Obat For months, lawmakers in Kenya have been debating a new bill seeking to regulate the consumption, sale, and advertising of tobacco products in the country. The Tobacco Control Bill 2004

US Dollar's Decline

By Jeffrey Young Americans crossing borders groan in dismay as they exchange their dollars for less and less in other currencies. Holidays in Europe, for instance, that once seemed reasonably priced h

Foreign Oil Companies in Nigeria Undeterred by Threats from

By Carrie Giardino Major oil companies operating in Nigeria's oil-rich southern region say they will not give in to threats of attacks on their facilities and employees by militias. The threats are be

Sinai Attacks Appear to Have Limited Effect on Egyptian Tour

By Ursula Lindsey The terrorist bombings last week at resorts along Egypt's Red Sea coast raised fears of another slump in the country's tourism industry, a key sector of its economy. The industry is

Yukos' Main Subsidiary Up for Sale

By Lisa McAdams Russia's justice ministry has announced plans to break up giant oil and gas producer Yukos by selling its main subsidiary, Yuganskneftegas. The announced sale prompted an immediate sli

West African Diamond Smuggling Traced to Terror Financing

By Leah Krakinowski Diamond smuggling in West Africa has become a steady, almost untraceable source of funding for U.S.-listed terror groups like al-Qaida and Hezbollah, according to information disco

Japan's Current Account Surplus Rises

By Steve Herman Japan records an increase in its current account surplus, despite a drop for the country's trade surplus. A debt-ridden retail chain accepts a government-backed rescue, and there are m

Immigrant Workers Expand US Labor Pool

By Leah Krakinowski Recent surveys show many Americans want the nation's doors closed to immigrants. At the same time, President George W. Bush recently proposed an overhaul of the nation's immigratio

Russian Official Defends Trial of Former Yukos Chief

By Michael Drudge A Russian cabinet minister says the trial of the former chief of the Yukos oil company is proceeding correctly within Russia's legal system. The official, Defense Minister Sergei Iva

OECD Says Oil Prices and Inflation Not Hurting Industrial Ec

By Douglas Bakshian A leading economic think-tank sees a strong recovery in the second half of the year for major industrial economies, in spite of high oil prices, and says inflation is not yet a con

IMF Optimistic on World Economic Growth

By Barry Wood The International Monetary Fund says the world economy is growing at the fastest past in three decades, but in its semi-annual report the international lender says growth is likely to sl

Mineral Smuggling Losses Said to Cost

By David Lewis A natural resources watchdog group issued a report Tuesday warning that smuggling and corruption are costing the Democratic Republic of Congo millions of dollars a month in lost revenue

Shell Oil Evacuates Employees from

By Carrie Giardino Shell oil company is evacuating non-essential employees from the Niger Delta area in Nigeria amid fears of clashes between government forces and armed bandits operating in the regio

Some Wall Street Analysts Say US Economy

By Leah Krakinowski After a sluggish summer, some Wall Street analysts say the U.S. economy is accelerating in the final months of 2004. Key drags on economic growth, a slump in consumer spending and

Regional Bank Forecasts Stronger Growth for Developing Asian

By Heda Bayron A new report says developing Asian economies are expected to enjoy stronger growth despite high oil prices. However, the report warns, a slowdown in China could hurt its neighbors. The