Wall Street’s benchmark Dow Jones index plunged Monday to close at levels not seen since 1997 — after U.S. insurance giant AIG revealed monumental quarterly losses of $62 billion. AIG’s results came hours after the U.S
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Japan sinks deeper into recession
The extent of the economic malaise that has descended on once-prosperous Japan is evident in the latest economic figures showing the steepest ever fall in the Far Eastern nation’s industrial output. Production at the country’s factories fell a record 10 percent in January as export partners cut back on orders.
Japan’s industrial production slumps
Japan has released a slew of economic data that paints a picture of a nation struggling amid the global economic slowdown. The world’s second-largest economy reported a drop of 10 percent in industrial output for January, compared with a year ago. The fall in industrial output is a record drop for the country, the government said.
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U.S. soldier, interpreter reported killed by Iraqi policeman
Smugglers send migrants overboard to drown
Smugglers carrying a boatload of migrants forced their passengers to jump overboard in deep water off the coast of Yemen, causing up to 17 to drown, the United Nations said Tuesday. “Full-scale preparations are underway at a satellite launch site,'” a North Korean space committee spokesman said through the official Korean Central News Agency (KCNA).
India calls for Sri Lanka civilian safe zones
India made a renewed plea Tuesday for the safe evacuation of civilians caught in Sri Lanka’s war zone in fighting between government forces and Tamil rebels. “Full-scale preparations are underway at a satellite launch site,'” a North Korean space committee spokesman said through the official Korean Central News Agency (KCNA). The Kwangmyongsong-2 satellite would launch on the Eunha-2 rocket, he said
Japan’s Aso, Obama to meet
It’s a long trip — 6,800 miles (11,000 km) — for a short meeting, but Japanese Prime Minister Taro Aso is scheduled to meet President Barack Obama Tuesday morning in an hour-long summit at the White House. The visit, announced last week, gives Aso the distinction of being the first head of state to be hosted by the Obama administration and comes hours ahead of the president’s first address to a joint session of Congress. “It clearly shows President Obama gives the Japan-U.S.
N. Korea: Ready to launch satellite
North Korea announced Tuesday it was preparing to launch a satellite from its northeastern coast, denying recent intelligence suggesting it was ready to test a long-range missile. “Full-scale preparations are underway at a satellite launch site,'” a North Korean space committee spokesman said through the official Korean Central News Agency (KCNA). The Kwangmyongsong-2 satellite would launch on the Eunha-2 rocket, he said