Tuesday, July 29, 2014
Current Weather
Loading Current Weather....
Swiss bank UBS settles German case as profits rise
GENEVA (AP) -- Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environment.... 7/29/2014 6:49 AM

Suicide bomber kills Afghan president's cousin
KABUL, Afghanistan (AP) -- A cousin and close associate of outgoing Afghan President Hamid Karzai was assassinated on Tuesday by a suicide bomber who hid his explosives under his turban, a provincial official said.... 7/29/2014 6:43 AM

Israel hits symbols of Hamas power in Gaza war
GAZA CITY, Gaza Strip (AP) -- Israel escalated its military campaign against Hamas on Tuesday, striking symbols of the group's control in Gaza and firing tank shells that shut down the strip's only power plant in the heaviest bombardment in the fighting so far.... 7/29/2014 6:39 AM

China: Ex-security czar Zhou under investigation
BEIJING (AP) -- China's ruling Communist Party announced Tuesday it is launching an investigation into former domestic security chief Zhou Yongkang, who was once one of the country's most feared leaders.... 7/29/2014 6:33 AM

IMF approves new $5B credit line for Morocco
RABAT, Morocco (AP) -- The International Monetary fund has announced a new, two-year $5 billion credit line for Morocco to support reform efforts.... 7/29/2014 6:32 AM

US, EU preparing new sanctions against Russia
BRUSSELS (AP) -- The United States and the European Union are preparing a powerful one-two punch against the Russian economy, with EU ambassadors meeting Tuesday to discuss a dramatic escalation in the trade bloc's sanctions.... 7/29/2014 6:29 AM

Nepal to allow cremation of Tibetan Buddhist monk
KATMANDU, Nepal (AP) -- The body of a revered Tibetan Buddhist monk can now be cremated at his monastery in the hills outside Nepal's capital, the government said Tuesday after reversing its earlier objections to bringing the body into the country.... 7/29/2014 6:28 AM

Madagascar billed as surfing paradise
JOHANNESBURG (AP) -- Itching to catch a wave? Try Madagascar.... 7/29/2014 6:23 AM

22 civilians reported killed in east Ukraine
KIEV, Ukraine (AP) -- Local authorities in eastern Ukraine say at least 22 civilians have been killed in one day by shelling.... 7/29/2014 6:08 AM

Nigerian weightlifting winner fails doping test
GLASGOW, Scotland (AP) -- The Commonwealth Games Federation says Nigerian female weightlifting gold medalist Chika Amalaha has failed a doping test.... 7/29/2014 6:05 AM

Teen survivors haunted by S. Korean ferry sinking
ANSAN, South Korea (AP) -- South Korean teenagers who survived April's ferry sinking said Tuesday they are still haunted by the disaster that killed dozens of their friends, and demanded that crew members be punished for abandoning the passengers and fleeing the ship.... 7/29/2014 6:03 AM

McDonald's Japan to strengthen checks on chicken
TOKYO (AP) -- McDonald's in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations a Chinese supplier sold expired chicken. It says the scare will hurt its earnings.... 7/29/2014 6:01 AM

BP warns of impact of Russia sanctions on profits
LONDON (AP) -- Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.... 7/29/2014 5:54 AM

Kosovo prosecutor suspects some killed for organs
BRUSSELS (AP) -- A special European Union prosecutor says there are "compelling indications" that up to 10 captives were killed to have their organs harvested for illegal trafficking during the 1998-99 Kosovo war.... 7/29/2014 5:50 AM

Passengers stuck in Hawaii for 3 nights get cash
WELLINGTON, New Zealand (AP) -- A group of Air New Zealand passengers were stranded for a third night Monday after being repeatedly told their plane was delayed due to mechanical problems.... 7/29/2014 5:49 AM

Iran leader calls for arming Gaza to fight Israel
TEHRAN, Iran (AP) -- Iran's supreme leader on Tuesday called on Muslims from around the world to help arm Gaza Palestinians in their fight against Israel.... 7/29/2014 5:39 AM

Australia plans to arrest 2 Middle East fighters
CANBERRA, Australia (AP) -- Australian police have obtained arrest warrants for two Australians who are fighting with the Islamic State group in Iraq and Syria after one posted photographs of the other posing with severed heads of Syrian soldiers.... 7/29/2014 5:31 AM

Asia stocks up, Europe subdued before US data
SEOUL, South Korea (AP) -- Asian stocks extended gains Tuesday ahead of U.S. and Chinese economic reports later this week while European markets were subdued amid the possibility of new sanctions against Russia. The South Korean stock market closed at a three-year high.... 7/29/2014 5:28 AM

Deutsche Bank posts 29 percent drop in profit
BERLIN (AP) -- Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by higher taxes, declining revenue and political instability affecting financial markets.... 7/29/2014 5:25 AM

Egypt military kills 7 militants in volatile Sinai
CAIRO (AP) -- Egyptian troops killed seven suspected militants and arrested five as part of an ongoing offensive in the volatile Sinai Peninsula where the military has been trying to quell a spreading insurgency by Islamic militants, an army spokesman said.... 7/29/2014 5:13 AM