New York - Israeli Defense Minister Ehud Barak called Wednesday for tough UN sanctions to prevent Iran from developing nuclear weapons.
Barak met with UN Secretary General Ban Ki-moon at United Nations headquarters in New York, saying that economic sanctions would hurt Iran's nuclear programmes. Iran has said that its uranium enrichment programme was intended for peaceful, civilian nuclear energy and not for weapons.
"We believe that no options should be removed in this regard from the table," Barak told reporters.
New York - The UN Security Council voted unanimously Wednesday to terminate the mission of military observers at a disputed border between Ethiopia and Eritrea.
The 15-nation council decided to entirely withdraw the mission, which since last year had begun relocating their personnel out of a temporary security zone after Eritrea increasingly limited the peacekeepers' movements with measures such as cutting off petroleum for their transportation.
New York - Major US stock indices rallied on Tuesday, led by surging steel profits, lower oil prices and a jump in financial stocks despite some worrying new housing data.
US Steel Corp, the second-largest US steel producer, climbed 14 per cent after more than doubling its profits in the second quarter of the year. An index of steelmakers jumped by the most since 2002, according to Bloomberg financial news.
Crude oil fell more than 2.50 dollars to 122.19 dollars per barrel in New York, part of a weeks-long drop since topping 140 dollars per barrel in early July.
New York - Starbucks will close nearly three-quarters of its stores in Australia as part of a massive ongoing restructuring move to cut costs amid weaker sales, the coffee giant said Tuesday.
The Seattle, Washington-based firm also announced Tuesday that it would cut another 1,000 jobs at its US stores and eliminate its chief operating officer position.
The moves are part of overall cuts that chief executive Howard Schultz said earlier this month would see the closure of 600 under- performing US stores.
New York - Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no bottom" in sight to the US housing crisis.
The IMF stood by its prediction of 1-trillion-dollar combined losses in the financial sector stemming from the one-year-old credit crisis in the United States - more than double the writedowns reported to date by banks and mortgage lenders.
New York - Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no bottom" in sight to the US housing crisis.
The IMF stood by its prediction of 1-trillion-dollar combined losses in the financial sector stemming from the one-year-old credit crisis in the United States - more than double the writedowns reported to date by banks and mortgage lenders.
New York - Israeli Defense Minister Ehud Barak called Wednesday for tough UN sanctions to prevent Iran from developing nuclear weapons.
New York - The UN Security Council voted unanimously Wednesday to terminate the mission of military observers at a disputed border between Ethiopia and Eritrea.
New York - Major US stock indices rallied on Tuesday, led by surging steel profits, lower oil prices and a jump in financial stocks despite some worrying new housing data.
New York - Starbucks will close nearly three-quarters of its stores in Australia as part of a massive ongoing restructuring move to cut costs amid weaker sales, the coffee giant said Tuesday.
- Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no bottom" in sight to the US housing crisis. 
New York - Major US stock indices posted steep drops Monday after the International Monetary Fund predicted more losses for financial institutions and "no bottom" in sight to the US housing crisis.
