CAIRO – A blunder by the Egyptian army that left 16 border guards dead at the hands of Islamist militants gave President Mohamed Mursi an unexpectedly early chance to claw back powers from a military whose political influence he had always wanted to restrict.
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BEALLSVLLE – Republican Mitt Romney vowed to step up coal production and President Barack Obama mocked him for opposing a windmill tax credit, in a rare debate over energy policy on the campaign trail.
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NEW YORK – Standard Chartered Plc has agreed to pay $340 million to settle allegations by New York’s bank regulator that it hid transactions linked to Iran.
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RIO DE JANEIRO – President Dilma Rousseff continues to enjoy high approval ratings as Brazilians remain mostly unaffected by the country’s recent economic slowdown, according to a poll released on Tuesday.
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BRUSSELS/BERLIN – The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.
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WASHINGTON – The United States does not believe Israel has made a decision on whether to attack Iran over its nuclear program, U.S. Defense Secretary Leon Panetta said on Tuesday, following sharp rhetoric from Israeli officials that has put financial markets on edge.
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DUBAI – Rescue workers in Iran on Tuesday recovered more bodies three days after two powerful earthquakes struck the northwest of the country, killing more than 300 people, but officials played down reports that casualty numbers may still sharply rise.
