WORLD

We don't want proxy wars in Afghanistan, Karzai says Posted 24 minutes ago

Afghan President Hamid Karzai welcomes his Iranian counterpart Mahmoud Ahmadinejad upon his arrival

ISLAMABAD (Reuters) - Afghanistan does not want a proxy war between Pakistan and India or anybody else fought on its soil, Afghan President Hamid Karzai said on Thursday during a visit to Pakistan. Nuclear-armed rivals India and Pakistan are vying for influence in Afghanistan, complicating U.S.-led efforts to end ...More

Greek workers strike as anger at austerity grows Posted 41 minutes ago

Former employees of privatized Olympic Airways protest in front of Greece's General Accountants offi

ATHENS (Reuters) - Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in a fortnight in protest against austerity plans. Under pressure from markets and European Union partners, the government unveiled a new austerity package last ...More

Iran warns neighbors over U.S. presence in the Gulf Posted 50 minutes ago

TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad warned Gulf countries on Thursday against the U.S. presence in the region, saying Washington aimed to dominate their energy resources in the name of fighting terrorism. Iran opposes the U.S. military presence on its borders in Iraq, Afghanistan and the Gulf, saying ...More

BP to pay Devon $7 billion for oil fields Posted 3 hours, 44 minutes ago

A British Petroleum sign is seen at a petrol station in south London

LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields. The companies said on Thursday that BP has also agreed to sell Devon a 50 percent ...More

California revenue jumps, tax refunds should be paid on time Posted 9 hours, 46 minutes ago

SAN FRANCISCO (Reuters) - California's revenue in February was $480 million or 8.7 percent above the estimate in Governor Arnold Schwarzenegger's state budget plan, so tax refunds should be paid on time, State Controller John Chiang said on Wednesday. There had been some talk in the state capital ...More

Arab League chief says Mideast talks off Posted 11 hours, 11 minutes ago

Amr Moussa, chief of the Arab League

CAIRO (Reuters) - Arab League chief Amr Moussa said on Wednesday that Palestinian President Mahmoud Abbas had told him he would not enter indirect talks with Israel, only days after the Palestinian side had agreed to the contacts. The about-turn puts on hold U.S. efforts to bring together Israel and ...More

World's mega-rich adding wealth, Carlos Slim No. 1 Posted 11 hours, 15 minutes ago

Carlos Slim Helu speaks at the Wall Street Journal CEO Council in Washington

NEW YORK (Reuters) - Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said on Wednesday. It is only the second time since 1995 ...More

Volcker rule gets lift in Senate amid reform talks Posted 11 hours, 17 minutes ago

WASHINGTON (Reuters) - The controversial "Volcker rule" to curb risky trading by banks got a boost in the Senate on Wednesday, as two Democrats introduced a bill that would enact and expand the rule. Senators Jeff Merkley and Carl Levin introduced their bill on the rule, which was first proposed in ...More

NY governor in hot water, 2nd-in-command steps up Posted 12 hours, 15 minutes ago

New York Gov. Paterson announces he will withdraw from the state governor's race at his office in Ne

NEW YORK (Reuters) - With Governor David Paterson enveloped in scandal, New York's lieutenant governor is leading the notoriously difficult budget process and freeing up his boss to fight for his political life, experts say. Richard Ravitch, who would assume the top job should Paterson be brought down by inquiries ...More

House bans some earmarks amid ethics concerns Posted 12 hours, 35 minutes ago

WASHINGTON (Reuters) - Democrats in the House of Representatives moved on Wednesday to limit the ability of lawmakers to tuck pet projects into spending bills amid mounting election-year ethics concerns. Top Democrats on the House Appropriations Committee said the new rules prohibit lawmakers from steering money to for-profit companies through the ...More

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