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. Last Updated: 07/27/2016

10/12/2006

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Japan Declares Fresh N. Korea Sanctions

In a largely symbolic gesture, Japan said Wednesday that it would impose new sanctions on North Korea, including a ban on imports from the impoverished communist state, in response to its reported nuclear test this week.

Growing Confidence Seen From the North

On the Cold War's last frontier, Korea's Demilitarized Zone, it has been tension as usual since the North announced its first nuclear test, except for a bit more middle-finger waving and spit directed south.

Peace Talks in Danger After Fierce Fighting in Sri Lanka

Sri Lanka's Tamil Tigers killed 22 troops and wounded more than 110 Wednesday as the army and air force pounded rebel territory in the island's far north, amid fears peace talks could be derailed.

Northern Irish Rival Factions Talk Peace

Northern Ireland's rival factions traveled Wednesday to Scotland, where the British and Irish governments were hoping a change of scenery and a day-and-night diplomatic effort might inspire a breakthrough on power sharing, an elusive dream of peacemaking.

FBI Lacks Arabic-Speaking Agents

Five years after Arab terrorists attacked the United States, only 33 FBI agents have even a limited proficiency in Arabic, and none of them work in the sections of the bureau that coordinate investigations of international terrorism, according to new FBI statistics.

Ex-Soviet Dissident Bids Farewell to Israeli Politics

Natan Sharansky, the famed Soviet dissident and a friend of U.S. President George W. Bush, disclosed Wednesday that he would retire from Israeli politics, an aide said.

Ransoms Raise Stakes in Nigerian Oil

Oil companies in Nigeria are being hit with rising costs due to kidnappings of their staff that have become so commonplace in the volatile Niger Delta that one Nigerian company is selling T-shirts calling it the country's ""fastest growing business!""

European Stocks Dip After Rallying

European stocks snapped a five-day rally Wednesday after a technical indicator for the first time since January suggested prices might have risen too far. Disappointing earnings from Alcoa in the United States also weighed on indexes.

Growth Forecast Slashed

The European Commission cut its growth forecast for the euro region and warned that the economy might fail to grow at all in the first quarter of next year.

Housing Slump Drags Economy

The U.S. housing slump will weaken the economy more than previously forecast, prompting the U.S. Federal Reserve to reduce interest rates by June, a Bloomberg News survey showed.

Aer Lingus Pilots Buy Stock to Stop Takeover

Pilots for Irish airline Aer Lingus Group have bought up almost 30 million euros ($37.7 million) worth of the carrier's shares, raising speculation that those opposed to a takeover bid by low-cost airline Ryanair Holdings are shoring up a blocking stake.

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