Allied forces lose 10 soldiers in separate Afghanistan incidents
Diane Alter – AHN News Reporter Kabul, Afghanistan (AHN) – Allied forces suffered a day of heavy losses in Afghanistan Thursday in a helicopter crash that killed six U.S. Marines, and an attack Friday that killed four French service members, raising the possibility of France withdrawing its troops early. The Marines were killed after their [...]
Debt crisis makes Mafia Italy’s biggest bank
Diane Alter – AHN News Reporter Rome, Italy (AHN) – Italy’s banking system has a new “boss.” Thanks to the country’s ballooning debt crisis, the Mafia is Italy’s biggest “bank,” according to a study by Confesercenti. The country’s four mafia groups have expanded from their storied strongholds in the sun-baked “Mezzogiomo” south of Rome, and [...]
Stocks open lower on eurozone deal doubts
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Wall Street stocks fell on the open Monday as doubts continued to linger that a deal over economic integration in Europe will not be enough to keep the region’s two-year sovereign debt crisis from spreading farther. Last week’s summit in Brussels did [...]
Democratic fundraier Rezko sentenced to 10 years in prison
Matthew Borghese – AHN News Contributor Chicago, IL, United States (AHN) – Antoin “Tony” Rezko, a former fundraiser and adviser to ex-Illinois Gov. Rod Blagojevich, has been sentenced to more than 10 years in prison after a lengthy extortion trial in Chicago. Rezko, who also helped raise money for President Barack Obama, was convicted of [...]
August car sales in the U.S. rises 7.5 percent
Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – The auto industry in the U.S. is on the road to recovery. In August, car sales grew 7.5 percent, according to Autodata Corporation. The healthy vehicle sales were reported by most of the major car manufacturers such as Chrysler which registered a 31 percent [...]
China warns U.S. on managing debt
Diane Alter – AHN News Trivia Writer Hong Kong, China (AHN) – To date, China has had no problem buying United States debt, but recently, it seems they are having second thoughts. On Wednesday, China’s central bank governor called for the U.S. to “take responsible policy measures to handle its debt.” The announcement came a [...]
Mennonites seek refuge from Mexico’s drug violence
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – Drug-related violence in Mexico is turning thousands of the country’s Mennonites into refugees after they have become victims of kidnapping, armed robberies and carjackings. The Mennonites emigrated to Mexico 90 years ago from Canada to escape what they called religious persecution. Now [...]
Savings in U.S. banks reach record $1.45 trillion in May
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – More Americans continue to save in banks rather than borrow money from financial institutions. According to latest data from the Federal Reserve, savings in U.S. banks hit a record $1.45 trillion in May. The growing savings has been observed since the global financial crisis [...]
S&P downgrades China’s property market rating
Linda Young – AHN News Writer Beijing, China (AHN) – Credit ratings agency Standard & Poor’s announced that it had downgraded its outlook for China’s property market to negative from stable over concerns about the government’s decision to tighten its credit policy. China’s central bank announced on Tuesday that it planned to tighten credit to [...]
Hackers hit Citigroup, gain access to data of North American credit card customers
Vittorio Hernandez – AHN News New York, NY, United States (AHN) – Citigroup admitted on Thursday that its security was breached by cyber thieves who gained access to thousands of data of the bank’s North America credit card customers. The bank disclosed that the hacking incident was discovered after routine monitoring. Citigroup said it is [...]
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