BUENOS AIRES, Argentina (AP) — Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.
Under legislation that still must be submitted to Congress, Argentina will no longer use the Bank of New York as a trustee for about $30 billion in bonds and will service debt through its own central...
DUBAI, United Arab Emirates (AP) — Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month — nearly four years before the last installment is due.
The indebted state developer was scheduled to repay the credit over three installments between September 2015 and March 2018. Nakheel said in a statement that it made early repayments of 2.35 billion dirhams ($640 million) in...
BEIRUT (AP) — The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience.
The strategy is aimed at terrorizing opponents at home and winning recruits abroad. But there are increasing signs of pushback — both from companies swiftly censoring objectionable content and users determined not to let it go viral.
CAIRO (AP) — Egyptian officials promised Wednesday to end rolling power blackouts that have plagued the country within four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants.
Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions without power. The crisis has caused water cuts, affected hospitals and cut communications as many had difficulty recharging their mobile phones.
BERLIN (AP) — Germany is prepared to arm Kurdish fighters battling Sunni insurgents in northern Iraq, officials said Wednesday.
Foreign Minister Frank-Walter Steinmeier cited the "barbaric" actions of the Islamic State group that has taken control of large parts of Iraq in recent weeks, and the threat that their further advance could pose to the region and Europe.
"We are prepared, in principle, to provide weapons and ammunition within our means,"...
LONDON (AP) — Islamic militants are using a beheading video to send a chilling message — not just through the gruesome act, but also by the choice of messenger.
The black-clad fighter who appears to kill journalist James Foley speaks with an English accent, underscoring the insurgents' increasing use of Western militants to mobilize recruits, terrify opponents and project the image of a global force.
NEW DELHI (AP) — Indian yoga guru B.K.S. Iyengar, who helped popularize yoga around the world and wrote 14 books on the subject, died Wednesday at age 95.
Bellur Krishnamachar Sundararaja Iyengar's death was reported on his website as well as by major Indian TV stations, which said he had been hospitalized with a kidney ailment over the past week in the western city of Pune.
Born in a poor family in Bellur village in the southern Indian state of...
MOSCOW (AP) — Protesters on Wednesday scaled one of Moscow's famed Stalin-era skyscrapers and painted the Soviet star on its spire in the national colors of Ukraine. The dangerous prank, which set Russian social networking sites abuzz, drew a harsh response from the police.
The protesters also attached a yellow and blue Ukrainian flag to the top of the 176-meter (580-foot) building east of the Kremlin along the Moscow River.