United States

US Defence chief Gates: "Dramatic" consequences without Iraq deal

US Defence chief Gates: "Dramatic" consequences without Iraq dealWashington - US Defense Secretary Robert Gates warned Tuesday of "pretty dramatic" consequences is a proposed agreement on the status of US forces in Iraq is not approved by Iraqi lawmakers before the end of the year.

He made the comment in an exclusive interview with three news outlets including the Bloomberg news agency at the Pentagon defence headquarters outside Washington.

Apple earnings rise 24 per cent

Apple earnings rise 24 per centSan Francisco - Apple Inc on Tuesday reported a fiscal fourth-quarter profit of 1.14 billion dollars, or 1.26 dollars a share, up 24 per cent from a profit of 904 billion dollars in the same quarter last year.

The company is seeing a resurgence in sales of its computers at the same time sales of its iPhone and other portable devices are also rising strongly.

Apple said its revenue reached 7.9 billion dollars, up from 6.22 billion dollars in sales in the same period a year ago.

Yahoo profit plunges, layoffs announced

Yahoo profit plunges, layoffs announcedSan Francisco - Troubled internet giant Yahoo saw quarterly profits plunge 64 per cent and announced Tuesday that it would cut 10 per cent of its estimated 14,300 staff to help control costs.

The internet pioneer reported net income of 54 million dollars, or 4 cents a share, compared to 151 million dollars, or 11 cents a share, in the same period last year.

Stocks fall as depressing earnings outweigh new Fed moves

Stocks fall as depressing earnings outweigh new Fed moves Washington - Wall Street stocks posted significant losses Tuesday on disappointing profit reports from technology and commodity producers, overshadowing another massive infusion of liquidity by the Federal Reserve.

Metals giant Freeport-McMoRan Copper & Gold Inc reported a 33-per- cent drop in third-quarter earnings. Tech firms Texas Instruments Inc and Sun Microsystems Inc also reported worse-than-expected profits.

US encourages Arab states to establish ties with Israel

US encourages Arab states to establish ties with Israel Cairo - US Assistant Secretary of State for Near Eastern Affairs David Welsh on Tuesday urged the Arab countries that have no diplomatic ties with Israel to establish relations with it.

"We would like to see some action taken by Arab countries, which do not have relations with Israel, to establish ties with it," he said, in remarks after his meeting with Arab League Secretary General Amr Mussa. "We would also like to see Israel do the same thing and get closer to Arab states, as peoples on both sides are willing to live in peace."

Economic crisis will not deter US foreign aid

Economic crisis will not deter US foreign aid Washington - President George W Bush said Tuesday the United States must remain committed to providing assistance to developing countries despite economic turmoil at home.

Bush gave the keynote address at the White House's Summit on International Development in Washington, touting his administration's achievements while reminding the gathering that combating poverty abroad is vital to US national security interests.

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