Turkish Prime Minister Tayyip Erdogan described Israel on Monday as a "terrorist state" in carrying out its bombardment of Gaza, underlining hostility for Ankara's former ally since relations between them collapsed in 2010. His comments came after nearly a week of Palestinian rocket attacks on Israel and Israeli air strikes on the Gaza Strip. An
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More than 100,000 people rallied across France on Saturday to protest a government bill that would grant marriage and adoption rights to same-sex couples. Police used tear gas against activists who tried to stage a counter-protest. The tear gassing happened in the city of Toulouse, where several thousand people turned out – including many gay
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Israel has warned Hamas it will step up its offensive in the Gaza Strip in 36 hours if they do not cease rocket fire. Israel's Finance Minister told IDF radio the time left before Israel escalates its attacks can be measured in “hours, not days.” "We are at a junction," said Minister Yuval Steinitz. "Either
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Israel bombed dozens of suspected guerrilla sites in the Hamas-ruled Gaza Strip on Monday and Palestinian rocket fire from the enclave dropped off as international efforts to broker a truce intensified. Ten civilians and two field commanders from the Islamic Jihad faction were killed and at least 30 other Palestinians were hurt in the new
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Asian shares rose on Monday, supported by hopes U.S. politicians can overcome an imminent fiscal crunch while the yen fell to a near seven-month low against the dollar on expectations a new government chosen in next month's election could pump large amounts of stimulus cash into the economy. A 0.2% gain in U.S. stock futures
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World oil markets are well supplied despite the loss of nearly 1 million barrels a day of crude from Iran following sanctions by the United States and European Union, the head of the International Energy Agency (IEA) told Reuters on Monday. Brent crude has stayed above $100 a barrel for most of this year due
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International lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision, officials said on Saturday, signalling some progress in the talks. Cyprus has been holding talks with European Union, International Monetary Fund and European Central Bank to get financial aid after
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Holders of some 1.4 bln euros worth of Bank of Cyprus contingent convertible notes (CoCo bonds) hope to hear some good news from the bank on how to safeguard their securities, with the plan, as discussed with the Central Bank of Cyprus and inspectors from the Troika of international lenders, focusing on the conversion of
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Any new haircut of Greece's debt should only come as a reward for Athens implementing the reforms it has signed up to, European Central Bank Governing Council member Jens Weidmann said on Friday. A row between euro zone governments and the International Monetary Fund over how to make Greece's giant debt mountain manageable is holding
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Oil giant BP will fork over the largest criminal penalty in the history of the United States and plead guilty to criminal misconduct, sources report, with more charges possibly forthcoming over the 2010 Deepwater Horizon spill in the Gulf of Mexico. The US Justice Department admitted Thursday afternoon that two BP employees have been indicted
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