New U.N. sanctions proposed for Islamic State group oil trading

Feb 7, 2015

New U.N. sanctions proposed for Islamic State group oil trading

A proposed U.N. resolution to crack down on the financing of terrorist groups calls for sanctions on individuals and companies trading oil produced by the Islamic State and other al-Qaida-linked groups. The Russian-sponsored resolution, obtained Friday by The Associated Press, would also require all ...

Feb 6, 2015

Russian inflation hits 15% as economic pain deepens

Russia’s inflation hit 15 percent in January, official data showed on Thursday, underscoring the growing economic pain from sliding oil prices and Western sanctions linked to the Ukraine conflict. Inflation has been shooting up in recent months as a result of a slide in ...

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 ...