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  • Italy Faces Credit Rating Cut

    A major financial services company says that Italy faces a significant chance of having its credit rating cut soon, but that it has no plans to downgrade France's top credit standing. Fitch Ratings said Tuesday it is confident that the 17-nation Euro...

  • Barca five points behind Real for derby draw

    MADRID, Jan. 8 (Xinhua) -- FC Barcelona dropped to five points behind Real Madrid in the Spanish La Liga following a 1-1 draw with Espanyol on Sunday. Barca could only draw 1-1 away to neighbors Espanyol in a thrilling and controversial game. Against...

  • Nigerian President Announces Government Austerity

    Nigerian President Goodluck Jonathan went on television Saturday to promise that the government will share hardship with ordinary citizens, hit by rising fuel costs. The president announced that foreign travel of government officials will be reduced...

  • All set for Barcelona city derby

    MADRID, Jan. 7 (Xinhua) -- FC Barcelona face one of the most difficult games of the season when they face city rivals Espanyol on Sunday night. Newly crowned World Club Champions, Barca travel to the Cornella-El Prat Stadium after starting the weeken...

  • Reja laments on "my worst Lazio"

    ROME, Jan. 7 (Xinhua) -- Lazio head coach Edy Reja was left disappointed by his worst Lazio after they succumbed 4-0 at Siena in the Italian Serie A on Saturday. The Biancocelesti had previously been unbeaten away from home, but were crushed by the T...

  • Obama Wants US Businesses to 'Insource' Jobs

    U.S. President Barack Obama will urge business leaders next week to keep jobs at home rather than outsourcing their industries abroad. Obama announced in his weekly address that he will host a forum at the White House Wednesday. He will meet with bus...

  • Turkey's Former Army Chief Jailed on Terror Charge

    Turkey's former army chief was arrested on Friday over an alleged plot to topple the government of Turkish Prime Minister Recep Tayyip Erdogan. General Ilker Basbug is accused of leading a terrorist organization. Basbug was questioned for seven hours...

  • Teenage skater Li buds at national winter games

    CHANGCHUN, Jan. 6 (Xinhua) -- Hosts favorite Li Zijun emerged as a corp of cream at the women's singles figure skating as the teenage sensation wound up with three titles from the 12th National Winter Games of China here on Friday. The 15-year-old Ch...

  • Hornets' guard Gordon for injury

    NEW YORK, Jan. 6 (Xinhua) -- Hornets guard Eric Gordon will miss two to three weeks because of a sore right knee. The Hornets say Gordon's knee was swollen after he led New Orleans with 22 points in a 101-93 loss to the Philadelphia 76ers on Wednesda...

  • Obama: US Economy Moving In Right Direction

    President Barack Obama is cautiously welcoming Friday's news that the U.S. unemployment rate continues to fall. The president says the December jobless numbers show that the nations economy is moving in the right direction. With unemployment at its l...

  • Euro Losing Strength Against the Dollar

    The euro has lost 5.1 percent versus the dollar over the past month. And a spate of poor eurozone economic data Friday further eroded its value, signaling a grim economic outlook for the European economy in 2012. At 13 years old, the euro is barely a...

  • Europe Faces More Negative Economic Indicators

    The 17 eurozone nations are facing a new wave of negative economic indicators, a further signal that Europe's currency bloc is headed toward a recession. The European Commission said Friday that executive and consumer confidence dropped in December t...

  • Guangdong hands Beijing 5th defeat in CBA

    BEIJING, Jan. 4 (Xinhua) -- Defending champions the Guangdong Hongyuan handed the Beijing Ducks their second home defeat of this season with a 112-99 win in the 20th round of Chinese Basketball Association (CBA) league here on Wednesday. The Beijing...

  • Senior Chinese leader urges healthy online culture

    BEIJING, Jan. 4 (Xinhua) -- Senior Chinese leader Li Changchun on Wednesday called for more efforts to strengthen the Internet construction and management and promote a healthy online culture. Li, a member of the Standing Committee of the Political B...

  • Cooked food heats up safety bill

    BEIJING, Jan. 05 (Xinhuanet) -- Tighter licensing and banning unlicensed food processors are two measures needed to improve the poor quality of cooked food in Guangzhou markets, says a new proposal. The proposal, to be presented to the Guangzhou comm...

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