Eight American vacationers are presumed to have drowned after a sports fishing charter capsized in a storm and sank off Mexico's Baja California peninsula, authorities said on Monday. The 35-meter boat Erik left San Felipe on the Sea of Cortez, a haven for windsurfers and sports fishermen, on Saturday for a six-day fishing trip with
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U.S. President Barack Obama pressed his case on Saturday for achieving deficit reduction, in part by ending tax breaks and singling out hedge fund managers, oil companies and billionaires to take the hit. Obama, a Democrat, is locked in a dispute with Republicans over how to bring down the U.S. deficit as part of a
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Syrian tanks surrounded Hama on Tuesday, residents and activists said, threatening a large-scale assault on the city after the biggest protests against President Bashar al-Assad's rule. Hundreds of youths blocked roads leading to the city's main residential neighborhoods with garbage containers, wood and metal to try to prevent a possible advance. Inhabitants joined in their
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Online game company Zynga Inc filed for an initial public offering hoping to raise up to $1 bln, the latest hot Internet startup to tap investor interest in Internet social media companies. The company, which makes popular games that people play on the Facebook social network, did not say how many shares it was planning
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Members of Cuba's small Twitter community gathered on Friday for the first time to put faces to names in a meeting where political viewpoints were off limits but complaints about the island's poor Internet connections were not. About 50 people showed up at a civic center in the Cuban capital for the event — called
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Turkey's soccer establishment was left reeling on Monday by the detention of almost 60 people, including the chairman of champions Fenerbahce, in a major match-fixing investigation. Police launched raids in 15 provinces across Turkey on Sunday morning, searching club premises and detaining first division club players and administrators in connection with the allegations. Turkish political
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U.S. crude steadied on Monday, supported by firmer share markets, while Brent edged lower due mainly to a warning by credit agency S&P of a potential default by Greece. U.S. crude was trading 7 cents up at $95.01 a barrel. ICE Brent crude was 15 cents lower at $111.61 a barrel by 1011 GMT. Volume
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Credit ratings agency Standard & Poor's cast new uncertainty on Monday over euro zone efforts to rescue debt-crippled Greece by warning it would treat a French bank plan for a rollover of privately-held debt as a default. The threat abruptly ended a relief rally in stock and bond markets after Greece adopted a new, tougher
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Syrian troops stormed houses in the city of Hama on Monday as thousands of residents took to the streets shouting "God is greater" in defiance of a government crackdown on recent large protests, residents said. "At least 30 buses carrying soldiers and security police entered Hama this morning. They are firing randomly in residential neighbourhoods,"
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The government should shoulder more of the financial burden of caring for the elderly and Britons should be urged to buy insurance to cover potential costs, a report said on Monday. Like other European countries, Britain has an ageing population. Many elderly people need expensive care either at home or in special accommodation at a
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