BEIJING— The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday. The find by CNOOC's two-year-old, $1 billion deep sea rig is about 150 kilometers south of China's southernmost island of Hainan.» Read More
WASHINGTON/ LONDON, Sept 14- Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill another.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval, violence and street protests, could fully recover by the end of next year if regional turmoil does not spread to the Arab world's biggest country, the tourism minister said.
JEDDAH, Saudi Arabia, Sept 15- As President Barack Obama knits together an international coalition to take its campaign against Islamic State from Iraq into Syria, fighters like Ammar al-Wawi could make the difference.
Ukraine's central bank governor has dismissed fears of a default, even as the country is said to be facing a Greek-style debt controversy.
Washington said countries in the Middle East have offered to join airstrikes against IS militants, but Britain held back.
The Islamic State group has taken over large sections of Syria and Iraq, and controls as many as 11 oil fields in both countries, analysts say. It is selling oil and other goods through generations-old smuggling networks under the noses of some of the same governments it is fighting: Kurdish-controlled northern Iraq, Turkey and Jordan.
WASHINGTON— Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects.
REDWOOD CITY, Calif.— A company headed by Microsoft co-founder Paul Allen has filed a lawsuit in the San Francisco Bay Area over a World War II-era German tank it says it paid $2.5 million for but never received. After his death, his family turned them over to the Massachusetts- based Collings Foundation, which put some of them up for auction in Portola Valley in July.
*Russia and Iran heavily exposed to falling prices. LONDON/ KUWAIT, Sept 12- The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.
The United States its Western allies hit Russia with tougher new sanctions.
Democrats AND Republicans need to support Obama's new plan for defeating ISIS, says Larry Kudlow. Here's why.
Ukraine's President has vowed the region of Crimea, which was taken over by Russia earlier this year, will be reunited with Ukraine.
Former Ukrainian President Viktor Yushchenko says Russia is building a "huge wall" across Europe through aggressive expansion.
Ukrainian President Petro Poroshenko says the EU and US are ready to lift sanctions if Russia agrees to withdraw troops from Ukraine and close the border.
Ukrainian President Petro Poroshenko says the battle against Russia is a fight for global security.
The EU put into effect new sanctions against Russia over its role in Ukraine, including restrictions on financing for some Russian state-owned companies.
Ukrainian President Petro Poroshenko said he is confident that the country can win back Crimea from Russia through "democratic" means.
KIEV, Ukraine— European leaders said Friday that they would allow Ukraine to delay putting a landmark trade deal into effect, a major concession to Russia which has repeatedly threatened retaliation if Kiev implements the measure.
Former Ukrainian President Viktor Yushchenko says Ukraine needs "military and technical aid".
Wayne Swan, Former Deputy Prime Minister of Australia, says U.S. President Obama has put together practical measures, careful not to repeat the mistakes of his predecessor.