US authorities are to sue 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. The Federal Housing Finance Agency (FHFA) said it was taking action against banks, including Goldman Sachs, Barclays, Bank of America, Deutsche Bank, and HSBC. The agency says they misrepresented the quality of the mortgages […]
The European Union has imposed an embargo on oil imports from Syria, tightening noose on President Bashar al Assad regime in retaliation to its continuing violent crackdown on anti-government protestors. In a statement in Brussels, the European Council said a ban on the import of Syrian oil into the 27-nation bloc was imposed in view […]
Mexico’s President Felipe Calderon is vowing to fight to the last day of his term against the drug cartels that have spread insecurity and taken over towns and police forces across Mexico. In a speech to the nation on Friday, President Felipe Calderon said if the Government backed down from its military crackdown, the country […]
Libya’s provisional authority says five international energy firms are resuming operations in the country, a critical step in Tripoli’s efforts to rebuild an economy wracked by civil unrest and sanctions. National Transitional Authority member Aref Ali Nayed said on Friday that the companies include Italian oil giant ENI. He made the comments during Paris meetings […]
World leaders unblocked USD 15 billion in funds to help Libya’s victorious rebels rebuild their shattered country as fugitive strongman Muammar Gaddafi called for guerrilla warfare. Forty-two years to the day since Gaddafi stormed to power in a coup, senior envoys from over 60 countries met the leaders of the revolution that overthrew him to […]
Pakistani authorities said that at least 12 people were killed on Thursday in two separate attacks in the country’s volatile north-west. Local police said that in the first attack in the Lakki Marwat district of Khyber-Pakhtunkhwa province, a suicide car bomber blew himself up as he approached a police station. The blast killed the bomber […]
The White House has predicted that the U.S economy will avoid falling back into recession this year and instead grow 1.7 per cent. The figures come in the mid-year fiscal budget review by its Office of Management and Budget, OMB. They show that the Obama administration expects the economy to improve towards the end of […]
Libya’s new rebel rulers were hailed by world leaders in Paris on Thursday and won a promise of a UN state-building mission, as fugitive strongman Muammar Gaddafi issued a new barrage of threats. Forty-two years to the day since Gaddafi stormed to power in a coup, senior envoys from 60 countries met the leaders of […]
In Libya, reports say differences have emerged within Col. Gaddafi’s forces as one of his sons claimed to be in talks with the rebels on ending the bloodshed. Saadi Gaddafi, the third son of Gaddaffi, told al-Arabiya TV that he had talked on the phone with Abdel Hakim Belhadj, a member of the Libyan National […]
The General who commanded American forces in Iraq and Afghanistan, has retired from the US Army. David Petraeus will become new Director of the Central Intelligence Agency. Gen. Petraeus is credited in Washington as having pulled Iraq back from the edge of catastrophe and leading an unpopular war in Afghanistan.
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2. Top 5 Retail Tech Companies revolutionizing the face of Retail Sector in India
3. Antica Ceramica launched CNC Stone Wall Collection
4. Ring Enhances Home Security Upgrading its Ring Protect Plus Plan