Ban urges Sudan and South Sudan to make compromises on unresolved disputes
Secretary-General Ban Ki-moon today voiced concern over the lack of progress in talks to resolve post-independence issues between Sudan and South Sudan, as well as the possibility of an escalation in
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Syrian Troops Shell Homs Following UN Condemnation
Activists say Syrian troops are shelling rebel-held areas in the central city of Homs, just one day after the U.N. General Assembly condemned the regime for violating human rights in its crackdown.
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Obama blames growing India, China for hurting American wallets
President Barack Obama has accused his Republican rivals of using the pain at the pump to score political points while attributing rising oil prices to growing demand in countries like China, India an
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US stocks open mixed amid high oil prices
US stocks opened mixed Friday amid high oil prices and eurozone's crippling debt crisis.
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Govt PML-N agree to subsidise oil raise CNG price
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The government and the PML-N agreed on Tuesday to provide Rs15 billion subsidy on petroleum prices over the next three months. As a result, there may not be any increase in prices from March ...
Source: Property News
The Senate narrowly rejected a GOP-sponsored measure that would have bypassed the Obama administration's objections to the Keystone XL pipeline and allowed construction on the controversial project to begin.
Fifty-six senators voted in favor of the amendment -- four short of the 60 required for approval.
The proposed 1,700-mile long pipeline expansion, intended to carry crude oil from Canada's oil sands to the U.S. Gulf Coast, has become a political lightning rod. Supporters, including the oil industry, say it's a vital job creator that will lessen the country's dependence on oil imported from volatile regions.
Opponents say the pipeline may leak, and that it will lock the United States into a particularly dirty form of crude that might ultimately end up being exported anyway.
President Barack Obama rejected a bid in January to expedite the pipeline, arguing that a decision deadline imposed by Congress did not le ave sufficient time to conduct necessary reviews. Administration officials have said the president may still eventually give the project a green light, though critics accuse him of trying to delay a final decision until after the November election.
Obama personally lobbied wavering Democrats to block passage of the amendment. Ref. CNN
Syrian minister joins opposition
Syria's deputy oil minister has announced his defection, saying he was joining the uprising against President Bashar al-Assad, Al Jazeera TV reported.
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