Boat with 170 Africans on board sinks off Libyan coast

TRIPOLI (Reuters) – A boat with around 170 African migrants on board trying to reach Europe has sunk off the Libyan coast, a spokesman for the Libyan navy said on Saturday. "The coast guards have rescued 17 of the illegal migrants," said Ayoub Qassem, spokesman of the navy. A search for the rest of the [...]

Obama to business: tell your lawmakers to renew Ex-Im Bank

Obama to business: tell your lawmakers to renew Ex-Im Bank

By Mark Felsenthal WASHINGTON (Reuters) – President Barack Obama on Saturday urged business owners to press Congress to reauthorize the U.S. Export-Import Bank, which could halt any new financing Sept. 30 – as some conservative Republicans hope it will – if lawmakers fail to act. The little-known institution provides loans to buyers of U.S. products [...]

Yemen government offers to resign within a month to end Houthi protests: source

Yemen government offers to resign within a month to end Houthi protests: source

SANAA (Reuters) – Yemen’s government offered on Saturday to resign within a month and to review an unpopular decision to cut fuel subsidies in an attempt to end protests by the Shi’ite Houthi movement, a government source told Reuters. Tens of thousands of Yemenis massed in the capital Sanaa on Friday in a protest called [...]

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

By Nate Raymond and Jonathan Stempel (Reuters) – Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator’s claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday. Under the settlement with the Federal Housing Finance Agency, the conservator for the two [...]

Tens of thousands of Yemeni Houthis protest against govt in capital

Tens of thousands of Yemeni Houthis protest against govt in capital

By Mohammed Ghobari SANAA (Reuters) – Tens of thousands of Yemenis massed in the capital Sanaa on Friday in a protest called by the Shi’ite Houthi movement, which wants the government to reverse a decision on cutting fuel subsidies and resign. The rally came at the end of a week of demonstrations that have piled [...]

U.S. undercover investigators among those exposed in data breach

U.S. undercover investigators among those exposed in data breach

By Jim Finkle and Mark Hosenball BOSTON/WASHINGTON (Reuters) – A cyber attack at a firm that performs background checks for U.S. government employees compromised data of at least 25,000 workers, including some undercover investigators, and that number could rise, agency officials said on Friday. The breach at Falls Church, Virginia-based US Investigations Services (USIS) exposed [...]

WHO warns of ‘shadow zones’ and unreported Ebola cases

WHO warns of ‘shadow zones’ and unreported Ebola cases

By Stephanie Nebehay and Clair MacDougall GENEVA/MONROVIA (Reuters) – Families hiding infected loved ones and the existence of "shadow zones" where medics cannot go mean the West African Ebola epidemic is even bigger than thought, the World Health Organization said on Friday. Some 1,427 people have died among 2,615 known cases of the deadly virus [...]

Argentina slams U.S. judge as ‘imperialist,’ peso halts rout

Argentina slams U.S. judge as ‘imperialist,’ peso halts rout

By Jorge A. Otaola and Richard Lough BUENOS AIRES (Reuters) – Argentina on Friday accused the U.S. judge who called the country’s new debt restructuring plan illegal of making "imperialist" comments against the South American nation. Latin America’s No. 3 economy tipped into its second default in 12 years in July after U.S. District Judge [...]

Fed’s Yellen calls for caution on rates; Draghi says ECB ready to act

Fed’s Yellen calls for caution on rates; Draghi says ECB ready to act

By Howard Schneider JACKSON HOLE Wyo. (Reuters) – The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike. In a speech at the Fed’s [...]

Israeli aircraft bomb Gaza, five Palestinians killed

Israeli aircraft bomb Gaza, five Palestinians killed

By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) – Israeli aircraft bombed the Gaza Strip on Saturday and Palestinian militants fired rockets at the Jewish state, the military said, with no end in sight to the deadliest violence between the sides in years. Gaza health officials said five people were killed in an Israeli strike [...]