Category Archives: business

Three major nations absent as China launches World Bank rival in Asia

SHANGHAI (NEWS.GNOM.ES) – Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank (AIIB) is seen as a challenge to the World Bank and Asian Development Bank, both multilateral lenders that count Washington and its allies as their biggest financial backers. China, which is keen to extend its influence in the region, has limited voting power over these existing banks despite being the world’s second-largest economy. Continue reading

NK expert says US must apologize to free detainees

By ERIC TALMADGE, Associated Press PYONGYANG, North Korea (AP) — After an American was released from North Korean custody, the attention has now focused on two other U.S. citizens still in its jails, and at least one North Korean legal expert has some unusual advice to offer: let Washington formally apologize to Pyongyang, and the country’s leader will consider pardoning them. The suggestion on Thursday by Sok Chol Won, a professor of international law, offers a look at North Korean thinking — academics, government officials and ordinary people alike. Continue reading

China, 21 other countries initiate new Asian bank

By CHRISTOPHER BODEEN, Associated Press BEIJING (AP) — China and 21 other Asian nations signed on Friday to a new Beijing-backed international bank for Asia that Washington opposes as an unnecessary rival to established institutions such as the World Bank. Representatives of the 22 nations signed a memorandum of understanding at the Great Hall of the People in the heart of Beijing to establish the Asian Infrastructure Investment Bank. The new bank reflects both China’s desire to push investment in the region and its frustration with U.S., Japanese and European dominance of the World Bank, International Monetary Fund and Asian Development Bank Continue reading

Frank Mankiewicz, aide to Robert Kennedy, dies

By JENNIFER C. KERR, Associated Press WASHINGTON (AP) — Frank Mankiewicz, the press secretary who went before television cameras to announce the death of Sen. Continue reading

Amazon’s loss makes holidays a question mark

By MAE ANDERSON, AP Technology Writer NEW YORK (AP) — Amazon’s trademark smile icon is becoming more of a grimace. The world’s largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast Continue reading

Amnesty International Blasts Handling of Mike Brown Shooting, Ferguson Protests

As tensions escalate due to leaks from an ongoing grand jury investigation, the global human rights organization Amnesty International on Friday condemned the police response to the shooting of Michael Brown in Ferguson, Missouri, in August and law enforcement’s handling of massive protests that erupted in the aftermath of the unarmed teenager’s death. The organization also urged a number of local and nationwide law-enforcement reforms, including curbs on the use of racial profiling and a national database of fatal police shootings of civilians. It also pressed support of a bipartisan Congressional effort to get surplus military weaponry out of the hands of local law enforcement Continue reading

Police in Ferguson committed human rights abuses: Amnesty report

By Carey Gillam By Carey Gillam (Reuters) – Police in Ferguson, Missouri, committed human rights abuses as they sought to quell mostly peaceful protests that erupted after an officer killed an unarmed black teenager, an international human rights organization said in a report released on Friday. The Amnesty International report said law enforcement officers should be investigated by U.S Continue reading

Palin backs independent for Alaska governor

By MARK THIESSEN, Associated Press ANCHORAGE, Alaska (AP) — Sarah Palin has snubbed her former lieutenant governor in his bid for re-election, supporting an independent candidate after Alaska Gov. Continue reading

Tornado rips roofs in Washington state

LONGVIEW, Wash. (AP) — A rare tornado ripped roofs off buildings, uprooted trees and shattered windows Thursday afternoon in the southwest Washington city of Longview, but there were no reports of injuries Continue reading

CDC details new Ebola response and prep teams

By MIKE STOBBE, AP Medical Writer NEW YORK (AP) — The government’s new federal Ebola response squads were getting their first test Thursday, dispatched to New York to help care for the city’s first case, a doctor who had treated a patient with the disease in west Africa. The squads — likened to public health SWAT teams — were set up to rush to any U.S. city where a new Ebola case might be identified. Continue reading