World News

July 30, 2015 - 5:45am
4 min 6 sec ago

LONDON (AP) — A lawyer for British police says the killers of former Russian agent Alexander Litvinenko may have harmed Londoners' health as they trailed radioactive polonium-210 around the city.

Richard Horwell told an inquiry into the death Thursday that "we will never know how dangerous the exposure of polonium to the public at large will be and what long-term effects will be visited on Londoners."

Litvinenko, a KGB officer-turned-Kremlin critic,...

July 30, 2015 - 5:45am
4 min 6 sec ago

MOSCOW (AP) — The Russian ruble is falling under the pressure of cheaper oil and despite a recent boost from the central bank.

The ruble was down 0.9 percent in afternoon trading in Moscow on Thursday, at 59.2 rubles against the dollar.

The decline comes a day after the Russian central bank halted daily purchases of foreign currency in an attempt to stop a week-long slide in the national currency. The ruble on Tuesday hit 60 rubles to the dollar, its...

July 30, 2015 - 5:40am
4 min 6 sec ago

MOGADISHU, Somalia (AP) — Somalia's president is ruling out the possibility of holding elections that are due next year, citing security challenges stemming from an Islamic insurgency.

President Hassan Sheikh Mohamud said in a statement that national elections are impossible amid rampant violence orchestrated by the Somali Islamic extremist group al-Shabab.

Mohamud's term expires in August. Opposition parties charge that that his government is taking...

July 30, 2015 - 5:25am
4 min 6 sec ago

DONETSK, Russia (AP) — A preliminary hearing in the trial of a Ukrainian officer charged in the deaths of two Russian journalists has started in Russia's south.

Russian investigators alleged that military pilot Nadezhda Savchenko was working as a spotter in eastern Ukraine and provided the coordinates for a mortar attack that killed the two Russian journalists in 2014. The deaths took place in eastern Ukraine, where Russia-backed separatists are fighting Ukrainian forces...

July 30, 2015 - 4:48am
4 min 6 sec ago

KUWAIT CITY (AP) — Kuwaiti authorities say they have uncovered a cell of Islamic State militants from the small Gulf nation involved in fighting in Iraq and Syria.

The Ministry of Interior said on Thursday that it identified five Kuwaitis involved in the cell, including one named Mubarak Malfi who was killed while fighting in Iraq.

It says the other members of the cell are now in custody and have confessed to being indoctrinated by the group and...

July 30, 2015 - 4:44am
4 min 6 sec ago

CAIRO (AP) — Egyptian judicial officials say a Cairo court has postponed the verdict in the retrial of three Al-Jazeera English reporters until Aug. 2.

The officials say the judge in the case, Hassan Farid, is ill. The verdict was initially expected on Thursday. The officials spoke on condition of anonymity as they weren't authorized to talk to reporters.

The three — Canadian national Mohammed Fahmy, Australian journalist Peter Greste and Egyptian...

July 30, 2015 - 4:12am
4 min 6 sec ago

MADRID (AP) — Spanish energy company Repsol says its second-quarter profit fell by 44 percent compared with the same period last year following a sharp drop in oil prices and given that 2014 profits had been boosted by a one-off capital gain.

Repsol S.A. said Thursday that its net profit for April through June was 292 million euros ($322 million), compared to 520 million euros for the same period in 2014 when it made strong gains on extricating itself from Argentina's...

July 30, 2015 - 4:02am
4 min 6 sec ago

LONDON (AP) — Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales.

Revenue declined 6.7 percent to $6.31 billion as stomach-acid treatment Nexium lost patent exclusivity in the U.S. and cholesterol treatment Crestor faced competition from generic drugs.

CEO Pascal Soriot says the company made "good progress" in the period, with cost reductions...

July 30, 2015 - 3:41am
4 min 6 sec ago

MILAN (AP) — Italian oil and gas company Eni says it lost 113 million euros ($124 million) in the second quarter due to a sharp decline in oil prices.

Eni said Thursday that the loss compared with a net profit of 658 million euros in the same period last year. Eni cited a 44 percent drop in Brent prices, which hurt production revenues.

CEO Claudio Descalzi said in a statement that the impact of falling hydrocarbon prices was partially contained by...

July 30, 2015 - 3:22am
4 min 6 sec ago

FRANKFURT, Germany (AP) — Deutsche Bank's net profit rose in the second quarter, but legal expenses stemming from investigations of the bank's past conduct also increased and the bank's new co-CEO said its financial performance was unsatisfactory.

John Cryan said Thursday that Deutsche Bank needed to cut costs, shed unprofitable activities and improve "poor overall returns to shareholders."

Net income increased to 818 million euros ($899 million) in...

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