Yahoo! News: World News

British banks to get $63B infusion from government (AP) Posted: 13 Oct 2008 03:43 AM CDT AP - The British government said Monday it would provide up to $63 billion to boost the balance sheets of three of Britain's largest banks but demanded in return the departure of some of the country's top bankers.

SKorea considering expanding inter-Korean projects (AP) Posted: 13 Oct 2008 03:26 AM CDT AP - South Korea is considering expanding cross-border projects with North Korea following major progress in an international standoff over the communist country's nuclear program, an official said Monday.

Car bombings in Mosul and Baghdad kill 13 (AP) Posted: 12 Oct 2008 11:32 PM CDT AP - Suicide car bombers struck twice Sunday in the northern city of Mosul, killing at least six people and wounding dozens of others, U.S. and Iraqi officials said. A car bomb killed seven other people in Baghdad.

Pakistani tribesmen rise up against militants (AP) Posted: 12 Oct 2008 11:41 AM CDT AP - Pakistani tribesmen are raising armies to battle al-Qaida and Taliban militants close to the Afghan border — a movement encouraged by the military and hailed as a sign its offensive there is succeeding.

UK bails out banks as Europe acts (Reuters) Posted: 13 Oct 2008 03:49 AM CDT Reuters - Britain bailed out three major banks with 37 billion pounds ($64 billion) on Monday, as European governments used taxpayers' cash to take control and boost confidence in the battered industry.

Al-Maliki: British troops not necessary (AP) Posted: 13 Oct 2008 03:33 AM CDT AP - Iraq's prime minister said the 4,100 British troops in southern Iraq are no longer necessary to provide security, a newspaper reported Monday.

Official: Gunmen shoot at US consulate in Mexico (AP) Posted: 13 Oct 2008 02:16 AM CDT AP - Assailants opened fire on the U.S. consulate in the northern Mexican city of Monterrey, a Mexican official said.

Thabo Mbeki to mediate new crisis in Zimbabwe (AP) Posted: 13 Oct 2008 03:15 AM CDT AP - Thabo Mbeki's spokesman says the former president is flying to Zimbabwe to help resolve a deadlock in power-sharing talks to end that country's crisis.

HK legislators criticize regulators over bonds (AP) Posted: 13 Oct 2008 03:52 AM CDT AP - Hong Kong legislators on Monday accused regulators of failing to monitor banks that sold Lehman Brothers-backed bonds that have put hundreds of millions of dollars in doubt after the U.S. investment bank failed amid the global financial crisis.

Aborigines say Australia intervention racist: study (Reuters) Posted: 13 Oct 2008 03:31 AM CDT Reuters - Aborigines feel a strong sense of injustice over an Australian government intervention into scores of troubled remote communities and believe the program is racist, an independent review said Monday.

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