World News

July 31, 2014 - 2:12am
9 min 39 sec ago

GENEVA (AP) — Switzerland's central bank is reporting a profit of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.

The Swiss National Bank says the profit in its half-year results is largely based on gains in the gold, foreign exchange and capital markets.

The central bank said Thursday that net profit on foreign currency positions stood at 12.6 billion francs while...

July 31, 2014 - 1:36am
9 min 39 sec ago

JERUSALEM (AP) — Israel's military said Thursday it was calling up another 16,000 reserves, a move that allows it to substantially widen its 23-day campaign against Islamic militants in the Gaza Strip.

The new call-up orders follow another day of intensive fighting, in which 116 Palestinians and three Israeli soldiers were killed.

It also coincides with stalled diplomatic efforts to end the war, which has already claimed more than 1,360 Palestinian...

July 31, 2014 - 1:10am
9 min 39 sec ago

MALIN, India (AP) — Rescue workers and desperate villagers dug through deep mud, rocks and the debris of shattered homes Thursday after a massive landslide buried a remote village in western India, killing at least 25 people and trapping more than 150, authorities said.

Two days of torrential rains triggered the landslide early Wednesday, but national rescue personnel could not reach the stricken area in Pune district of Maharashtra state for several hours because of bad...

July 30, 2014 - 11:07pm
29 min 40 sec ago

BEIJING (AP) — The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.

Yum Brands Inc., in a filing with the U.S. securities regulator, gave no financial details and said it was too early to know when sales might rebound. But it said if the "significant sales impact" continues, it might hurt this year's profit.

The scandal...

July 30, 2014 - 10:06pm
49 min 30 sec ago

JEBALIYA, Gaza Strip (AP) — Shelling of a school crowded with refugees in Gaza early Wednesday killed at least 17 people and wounded 90 more, according to Palestinian health officials.

Some 3,300 Gazans seeking shelter from the fighting had been crowded into the U.N. school in the Jebaliya refugee camp when it was hit by a series of Israeli artillery shells.

The U.N. condemned the attack, with Secretary-General Ban Ki Moon calling it "outrageous" and...

July 30, 2014 - 8:23pm
19 min 33 sec ago

CANBERRA, Australia (AP) — Australia's prime minister and foreign minister on Thursday sent mixed messages on whether Russia was frustrating Dutch and Australian police efforts to retrieve the bodies of victims of the Malaysian airliner disaster in war-torn east Ukraine.

Foreign Minister Julie Bishop said she feared Russia was behind the daily artillery barrages blocking police, while Prime Minister Tony Abbott said it was too early to judge. Abbott has declined to...

July 30, 2014 - 8:15pm
9 min 39 sec ago

SEOUL, South Korea (AP) — Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.

Samsung warned earlier this month that the second quarter would be its worst in two years as rapid growth in smartphone sales had faded. The company particularly struggled to compete in cheap smartphones, currently the fastest growing part of the...

July 30, 2014 - 8:08pm
3 hours 39 min ago

SEOUL, South Korea (AP) — Cho Yang-ho, the South Korean business tycoon who led Pyeongchang's successful bid to host the 2018 Winter Olympics, will take charge of the local organizing committee following the sudden resignation of the previous president.

The Hanjin Group chairman was unanimously elected in a meeting of 94 committee officials on Thursday and will serve out the remainder of Kim Jin-sun's scheduled term as the Pyeongchang organizing committee president,...

July 30, 2014 - 6:09pm
6 hours 29 min ago

UNITED NATIONS (AP) — Thirty-two countries have written to a U.N. General Assembly committee asking the United Nations to recognize Judaism's holiest day, Yom Kippur, as an official holiday.

The letter to the assembly's Committee on Conferences, circulated on Wednesday, says the U.N. "recognizes the major festivals of many of the world's main religions, yet Judaism is not represented."

"We believe that the United Nations calendar should reflect the...

July 30, 2014 - 5:59pm
6 hours 29 min ago

CARACAS, Venezuela (AP) — The head of Venezuela's opposition alliance resigned Wednesday, delivering a blow to anti-government forces bitterly divided over how best to challenge socialist President Nicolas Maduro as frustrations rise with his handling of the struggling economy.

Ramon Guillermo Aveledo had held the perennially fractious opposition together ever since the Democratic Unity alliance was created five years ago. After years of infighting and fumbled strategies...

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