Islamic State fighters admit defeat in Syrian town of Kobani

Feb 1, 2015

Islamic State fighters admit defeat in Syrian town of Kobani

The Islamic State group has acknowledged for the first time that its fighters have been defeated in the Syrian town of Kobani and vowed to attack the town again. In a video released by the pro-Islamic State Aamaq News Agency late Friday, two fighters ...

Consumer optimism puts  U.S. economy on steady course

| Jan 31, 2015

Consumer optimism puts U.S. economy on steady course

There’s a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. Layoffs hover near historic lows. Auto ...

Salman takes Saudi throne with continuity pledge

Jan 24, 2015

Salman takes Saudi throne with continuity pledge

New Saudi King Salman bin Abdul-Aziz Al Saud vowed to keep his conservative, oil-rich Muslim kingdom on a steady course and moved to cement his hold on power following the death of his half-brother King Abdullah. Abdullah, a cautious reformer who led the U.S.-allied ...

What led to the current oil glut?

Jan 15, 2015

What led to the current oil glut?

The world burns enough oil-derived fuels to drain an Olympic-size swimming pool four times every minute. Global consumption has never been higher — and it is rising. Yet the price of a barrel of oil has fallen by more than half over the past ...