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Eurogroup confirms up to 100-bln-euro aid ready for Spain’s banks

Eurogroup confirms up to 100-bln-euro aid ready for Spain’s banks

BRUSSELS/MADRID, June 9 (Xinhua) — Eurozone finance ministers confirmed on Saturday that the single-currency area is ready to offer up to 100 billion euros (about 125 billion U.S. dollars) in financial aid to rescue Spain’s ailing banking sector. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up […]

“Turkey cannot remain silent to tragedy in Syria”: Turkish FM

“Turkey cannot remain silent to tragedy in Syria”: Turkish FM

Turkish Foreign Minister on Saturday said a humanitarian tragedy unfolded everyday in Syria, adding that Turkey could not remain silent in the face of the Syrian regime’s brutal crackdown on its people. Turkish Foreign Minister Ahmet Davutoğlu said that It was impossible that we remain indifferent to this tragedy. “Not only is the Assad regime […]

N. Koreans convicted of trying to steal rocket technology from Ukraine

Two North Korean nationals were sentenced to eight year prison terms after being caught trying to steal secret rocket technology from the Ukraine, local sources said Saturday. Sources said the North Koreans identified as Ryu Song-chul and Lee Tae-kil were arrested for spying in July after they tried to steal classified technology from the Yuzhnoye […]

Korea asks US to sell cluster bombs

Korea asks US to sell cluster bombs

  The Defense Security Cooperation Agency (DSCA), an arm of the U.S. Department of Defense, has asked the U.S. Congress to approve Seoul’s request to buy 367 advanced cluster bombs. “The Defense Security Cooperation Agency notified Congress June 1 of a possible Foreign Military Sale to the Government of the Republic of Korea for 367 […]

Jordan to launch humanitarian operation center to deal with influx of Syrian refugees

Jordan to launch humanitarian operation center to deal with influx of Syrian refugees

AMMAN, June 7 (Xinhua) — Jordan is planning to open a humanitarian operation center in the city of Mafraq near the border with Syria to deal with influx of Syrian refugees, Foreign Minister Nasser Judeh said Thursday. More than 120,000 Syrians entered Jordan since the unrest in their country in March 2011, Judeh said, adding […]

S. Korea demands DPRK pay back loan debt

SEOUL, June 8 (Xinhua) — South Korea’s state-led bank on Friday urged the Democratic People’s Republic of Korea (DPRK) to pay back loans offered by the two liberal predecessors of President Lee Myung-bak. The Export-Import Bank of Korea sent a message earlier in the day, reminding the DPRK’s Chosun Trade Bank once again of its […]

N. Korean leader seeks to bolster public image

N. Korean leader seeks to bolster public image

North Korean leader Kim Jong-un smiles as he is surrounded by children during a celebration to mark the 66th anniversary of the founding of the Korean Children’s Union in Pyongyang in this image released by the North’s Korean Central News Agency, Wednesday. North Korean leader Kim Jong-un has stepped up a public relations campaign to […]

“Friends of Syria” group determined to remove Assad

WASHINGTON, June 6 (Xinhua) — Member states of the “Friends of Syria” on Wednesday reached an agreement on taking further measures, including asset freeze, arms embargo, among others, in a bid to remove Syria’s embattled President Bashar al-Assad from power. Expressing “deep dissatisfaction” with Assad’s “failure” to implement the peace plan proposed by UN-Arab League […]

System to elect Egytian parliament declared unconstitutional

CAIRO, June 6 (Xinhua) — A report made by the commissioners of Egypt’s Supreme Constitutional Court said the voting system used to elect the current parliament earlier this year was unconstitutional. The number of seats allocated to individuals and party lists violate the principle of equal opportunities, official MENA news agency said, citing the report. […]

U.S. State Secretary Arrives In Istanbul

U.S. State Secretary Arrives In Istanbul

US Secretary of State Hillary Rodham Clinton arrives in Istanbul, Turkey on Wednesday, June 6, 2012. Clinton will attend the Second Meeting of the Coordinating Committee of Global Counterterrorism Forum (GCTF) set to be held in Istanbul on June 7-8. The Committee is the highest decision-making body of the Forum, which was formally launched in […]

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