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Richard Quest on U.S. debt crisisU.S. and European markets close sharply downAsian markets fall in aftermath of U.S. credit downgradeInvestors are weighing both the downgrade and the European debt crisisG7 leaders say they are committed to taking "all necessary measures"
(CNN) -- U.S. and European markets closed sharply down Monday as investors responded to the unprecedented downgrade of U.S. debt on Friday and concerns around the ongoing eurozone crisis.
The Dow Jones industrial average plummeted more than 630 points, or 5.5%, and was pushed below 11,000 for the first time since November. The S&P 500 fell 6.6% and Nasdaq Composite was down around 6.9%.
European markets closed significantly down, with the FTSE 100 dropping by 3.39%, France's CAC index settling 4.7% lower and Germany's...
Tuesday, September 27, 2011
Syrian government website hacked
Syria's Ministry of Defense website was hacked and its content replaced by an anti-government government message.A statement on the Syrian Ministry of Defense's website is signed, "Anonymous"It says, "No outside enemy could do as much damage to Syria as Bashar Al-Assad has done"The message also praises peaceful protesters and says "the world stands with you"(CNN) -- The Syrian Ministry of Defense's website was inaccessible early Monday morning after it was hacked and its content replaced by an anti-government message.The work seems to be that of Anonymous, a collective of hackers that has carried out similar attacks on companies and government agencies elsewhere.In the attack, the defense ministry's homepage content was replaced with still images from amateur anti-government videos. A Syrian...
U.N. sends aid flight to Somalia
A Somali father and daughter sit at the head of a queue at a registration center at the Dagahaley refugee site.NEW: Obama approves additional $105 million in aid for Horn of AfricaMonday's flight contains 31 metric tons (more than 34 U.S. tons) of suppliesThe agency is sending supplies by air due to the need for speedy reliefA devastating famine and drought has sent about 100,000 Somalis to the capital Monday night on CNN, Anderson Cooper and Dr. Sanjay Gupta report live from Somalia with more on the country's disturbing hunger situation. "AC360?" is now at 8 and 10 p.m. ET weeknights on CNN.(CNN) -- For the first time in five years, a relief agency dedicated to refugees airlifted emergency aid into the Somali capital of Mogadishu on Monday, according to a spokesman.The flight left from Dubai,...
Reports: Rebels hold town near Tripoli
Libyan rebels move on the town of Bir al-Ghanam on Saturday. Rebels say they have maintained control of the city.NEW: The opposition still has control of Bir al-Ghanam, reports sayThe town is 53 miles from Tripoli, with little betweenThe Libyan PM claimed Sunday the town was back in the government's controlRebels said 1,500 opposition members joined Saturday's battle
Zintan, Libya (CNN) -- Libyan rebel forces are still holding the key town of Bir al-Ghanam as of Monday night, despite the Libyan government's claims that it had retaken it Sunday, reporters say.
CNN's Michael Holmes reported no traffic jam at his location, about 43 miles from Bir al-Ghanam, which he said would be expected if rebels were fleeing the town.
Holmes added that a Reuters reporter went to Bir al-Ghanam Monday and confirmed...
Syria faces three ambassador recalls
Syria continues multi-front offensiveNEW: U.S. State Department spokesman: Syrian president "has fewer and fewer friends"Bahrain recalls its ambassador to Syria for consultations amid mounting violenceKuwait and Saudi Arabia are also recalling their ambassadors for discussionsSaudi Arabia's king says there is "no justification for the bloodshed" in Syria
(CNN) -- As activists reported intense gunfire, mounting deaths and mass detentions Monday in Syria, regional leaders stepped up their criticism of the escalating violence.
Saudi Arabia, Kuwait and Bahrain said they were recalling their ambassadors from Syria to discuss the situation.
Officials announced the diplomatic moves after Saudi Arabia's King Abdullah condemned violence in Syria in a rare rebuke directed at a fellow Arab leader.
"There...
Tropical Storm Muifa hits China, Koreas
Chinese residents spend a night at a school in China's Shandong province on August 8, 2011.Tropical storm Muifa makes landfall in North KoreaFour deaths are reported in South Korea, the Yonhap News Agency reportsAt least 490,000 people have been evacuated in China, Xinhau reports
(CNN) -- Tropical Storm Muifa made landfall in North Korea on Monday, bringing heavy rainfall and gusty winds, according to the Joint Typhoon Warning Center.
The storm, which was downgraded from typhoon status on Monday, came ashore in North Korea about 7 p.m. Monday, said CNN meteorologist Brandon Miller.
"It's quickly losing its tropical characteristics and losing strength as we speak," he said.
Four people died and two others were reported missing in Seoul, South Korea, where the storm passed Monday evening, the...
Bahrain frees more than 140 detainees
Bahraini Shiite's chant slogans in the town of Sitra, situated outside the capital Manama on March 20, 2010.NEW: One of two former MPs says he, colleague were "tortured"Detainees had gone on hunger strike to protest detention without trialProtests demanding political reform began on February 14Bahrain is a strategically important nation to the United States
(CNN) -- Bahraini authorities have released more than 140 detainees, including two ranking former opposition members of Parliament and a prominent opposition lawyer, government officials said.
The two former MP's are members of the largest Shiite opposition group, Al-Wefaq, which resigned from Parliament in February over the killing of pro-reform protesters, most of whom were Shiites.
Former Al Wefaq MPs Matar Matar and Jawad Fairuz were...
Obama calls for political will to fixes
Obama: 'Always a triple-A country'NEW: Dow plunges 634 pointsNEW: Cantor says there will be pressure to compromise on tax hikesPresident Obama says he will propose ideas for a deficit-reduction packageThe president speaks after Friday's downgrade of the U.S. credit rating
Washington (CNN) -- President Barack Obama called Monday for political will from both parties to fix what he described as the country's "eminently solvable" economic problems in the wake of last week's downgrade of its credit rating by Standard & Poor's.
In remarks to reporters that were added to his daily schedule, Obama noted the Friday downgrade from AAA to AA+ occurred because "they doubted our political system's ability to act" following the grueling negotiations with congressional leaders that preceded last week's...
London violence extends into third day
NEW: Prime minister returns to London from holidayNEW: Disturbances reported in BirminghamHome Secretary May: Those responsible will face consequencesThirty-five police officers have been injuredEditor's Note: Are you there? Send your videos, stories and photos to CNN iReport.
London (CNN) -- Violence that appears to have initially been sparked by last week's shooting death of a 29-year-old man broke out for a third consecutive day Monday -- this time in daylight -- with gangs of youths marauding through areas of London.
Street disturbances appeared to have spread to Birmingham, about 120 miles from London, where police said "several premises" in the city center had been attacked "with some shop windows smashed and property stolen in various locations." A police spokeswoman in Birmingham said...
soldier admits manslaughter
Army Spc. Adam Winfield is one of six soldiers accused of being in a squad that killed civilians and hid the alleged crimes.NEW: Winfield said he did nothing to stop his fellow soldiersHe is accused of being one of six soldiers who formed a "kill squad"Winfield originally faced five charges including murdering three Afghan civiliansWinfield's father said he tried to report the group's alleged actions to the Army but was ignored
Joint Base Lewis-Mcchord, Washington (CNN) -- During his court martial Friday, an Army specialist accused of being part of a rogue "kill squad" said he did nothing to stop fellow soldiers as they allegedly murdered an unarmed Afghan man in front of him.
At the opening of his court martial for allegedly killing civilians in Afghanistan, Army Specialist Adam Winfield...
Monday, September 26, 2011
'Kill squad' soldier admits manslaughter
Army Spc. Adam Winfield is one of six soldiers accused of being in a squad that killed civilians and hid the alleged crimes.NEW: Winfield said he did nothing to stop his fellow soldiersHe is accused of being one of six soldiers who formed a "kill squad"Winfield originally faced five charges including murdering three Afghan civiliansWinfield's father said he tried to report the group's alleged actions to the Army but was ignoredJoint Base Lewis-Mcchord, Washington (CNN) -- During his court martial Friday, an Army specialist accused of being part of a rogue "kill squad" said he did nothing to stop fellow soldiers as they allegedly murdered an...
Thursday, September 22, 2011
China relaxes birth limits after mudslide
A search and rescue crew working in the aftermath of the landslide in Zhouqu on August 12, 2010.Restrictions are eased so families that lost children can have more, Xinhua saysWomen are offered free operations to reverse birth-control procedures A mudslide last year in Zhouqu county left more than 1,700 people dead or missingChina enforces strict family planning controls to limit its population growth(CNN) -- China has relaxed its strict birth-control restrictions for families that lost children in a mudslide that killed hundreds in the northwest last year, state media reported Friday.Women in the Zhouqu area who underwent procedures to prevent...
Thursday, September 15, 2011
[Smartphone Table] [Smartphone Table] N. Koreans 'hack' South game sites
South Korea has experienced a wave of cyber attacks over the past two years.S. Korean police arrest 5 men for alleged involvement in hacking online game systemsN. Koreans allegedly hacked the systems to discover how to cheat the operationsThey created programs to play online games and obtain virtual items to sell for cash on InternetPyongyang denies responsibility for a wave of cyber attacks that have targeted S. KoreaSeoul, South Korea (CNN) -- South Korean police arrested five men Thursday for allegedly collaborating with North Korean computer experts to hack into online game systems to generate millions of dollars in illicit gains.Their investigation,...
[Smartphone Table] N. Koreans 'hack' South game sites
South Korea has experienced a wave of cyber attacks over the past two years.S. Korean police arrest 5 men for alleged involvement in hacking online game systemsN. Koreans allegedly hacked the systems to discover how to cheat the operationsThey created programs to play online games and obtain virtual items to sell for cash on InternetPyongyang denies responsibility for a wave of cyber attacks that have targeted S. KoreaSeoul, South Korea (CNN) -- South Korean police arrested five men Thursday for allegedly collaborating with North Korean computer experts to hack into online game systems to generate millions of dollars in illicit gains.Their investigation,...
N. Koreans 'hack' South game sites
South Korea has experienced a wave of cyber attacks over the past two years.S. Korean police arrest 5 men for alleged involvement in hacking online game systemsN. Koreans allegedly hacked the systems to discover how to cheat the operationsThey created programs to play online games and obtain virtual items to sell for cash on InternetPyongyang denies responsibility for a wave of cyber attacks that have targeted S. KoreaSeoul, South Korea (CNN) -- South Korean police arrested five men Thursday for allegedly collaborating with North Korean computer experts to hack into online game systems to generate millions of dollars in illicit gains.Their investigation,...
Saturday, September 10, 2011
Thai lawmakers back first female PM
Thai Prime Minister Yingluck Shinawatra (C) gives a traditional greeting to members of parliament in Bangkok, on August 2.Yingluck Shinawatra has to be proclaimed by the nation's kingIf King Bhumibol Adulyadej proclaims her, she will be the 28th prime minister in Thai historyYingluck is the younger sister of one of Thailand's most polarizing political figuresBangkok, Thailand (CNN) -- The Thai parliament elected the nation's first female prime minister Friday, with more than half the lawmakers backing her vote.Yingluck Shinawatra has to be proclaimed by the nation's king before she can officially take office. If King Bhumibol Adulyadej proclaims...
Tuesday, September 6, 2011
Opinion: Assad should be a pariah
Syria's government has killed more than 150 Syrians this week, Salman Shaikh saysPresident Bashar Al-Assad's regime will do whatever it takes to stay in power, he saysHe says the regime's actions are symptoms of an irreversible slow-motion collapseShaikh: Assad and his regime deserve international pariah statusEditor's note: Salman Shaikh is director of the Brookings Doha Center, a project of the Saban Center for Middle East Policy within the Brookings Institution.Doha, Qatar (CNN) -- An often-heard sentiment in regional and international capitals has been that, in Syria, it is "the better the devil you know." More recently, there has been the...
