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Friday
01 Jul 11
Economic WMD? US fears OPEC’s next move after shocking display of disunity among cartel members
Three weeks after OPEC’s shocking display of disunity over oil pricing, mainly an argument between long-time foes Saudi Arabia and Iran, the daily basket price has increased to $103.59 per barrel on 28 June, up from $101.56 the previous day. This is still significantly lower than recent peaks of S113.59 on 14 June and 120.91 on 28 April. US fears sparked a significant drop in oil demand in the US, alleviating some, but not all, upward pressure on oil prices.Israeli Software Resurrects Debate About the Bible’s Authors
Software developed by an Israeli team is giving intriguing new hints about what researchers believe to be the multiple hands that wrote the Bible. The new software analyzes style and word choices to distinguish parts of a single text written by different authors, and when applied to the Bible its algorithm teased out distinct writerly voices in the holy bookReport: US proposes Syrian road map
Syrian opposition members claimed Friday that Washington is planning to carry out a plan to end the violent riots in the country, while keeping Syrian President Bashar Assad in power. In a new "road map" presented to the opposition during an conference in Damascus on Monday, and later published by British newspaper The Guardian, Assad is expected to lead his country into democracy, despite calls to remove him from office.Lebanon braces itself for Hizbollah backlash as senior operatives accused of Hariri assassination
In a long-awaited move which threatens to reawaken sectarian discord throughout the country, the Shia group was blamed by a United Nations Special Tribunal for the car-bomb attack on its leading Sunni opponent. Lebanon's state prosecutor, Saeed Mirza, confirmed the tribunal handed over the first indictment in its long investigation into the crime, which at the time seemed likely to lead to a major realignment in regional politics.Netanyahu praises U.S. as champion of freedom, ally of Israel at Fourth of July event
Prime Minister Benjamin Netanyahu praised the United States as a champion of freedom and a great ally of Israel in his address to the annual Fourth of July celebration at the U.S. ambassador's residence in Tel Aviv Thursday night. Netanyahu recounted the history of the American Revolution 235 years ago, saying that many of the ideas that fueled the U.S. struggle for independence are applicable to nationalist aspirations today, particularly in the Middle East.Debt Deal Needed by Mid-July to Avert Default
Negotiators will need to reach agreement on raising the U.S. debt limit no later than July 22 so that legislation can get passed in time to stave off a default on U.S. debt, two Democratic officials familiar with the talks said. The Senate yesterday canceled its July 4 recess to remain in session next week during debt-limit talks after President Barack Obama a day earlier called on Congress to stop taking vacations while the debt-ceiling talks are unresolved.Gaza aid flotilla: Irish crew accuse Israel of sabotage
Irish activists planning to sail in a flotilla to Gaza have accused Israel of sabotaging their ship. It is the second vessel due to participate that has had its propeller damaged while moored in a Mediterranean port this week. The Israeli military is under orders to prevent an international convoy of ships carrying pro-Palestinian activists and aid from reaching Gaza.Chavez tells of surgery to remove cancerous tumour
Venezuelan President Hugo Chavez has revealed he has had surgery to remove a cancerous tumour, in his first speech since flying to Cuba for treatment. Speculation about his health had been rife since he left Venezuela three weeks ago for what officials said was an operation on a pelvic abscess. Mr Chavez said he was determined to overcome his health battle and was now on the road to "full recovery".EU states object to transparency in law-making
EU member states are set to launch an appeal of a lower court decision with the European Court of Justice hoping to prevent greater transparency in decision-making - even about transparency rules themselves. ...According to EU law, the result of all legislative votes in the Council must be made public. But long before this stage of the process, most of the real negotiations happen at a working-group level - and the secrecy of positions at this stage are jealously guarded by all those involved.Failing to move Russia, EU and US slam Syria at UN
Europe and the United States heaped criticism on Syria at the United Nations on Thursday after failing to persuade Russia to support condemning Damascus for its crackdown on anti-government protesters. The occasion was the renewal of the mandate for a UN observer force in the Golan Heights.Clinton: Syria running out of time to implement reforms
Syria is running out of time to reform and will face more organized resistance if it does not, US Secretary of State Hillary Clinton said on Friday. Speaking at a news conference in Lithuania, she also said she was disheartened by reports of fresh violence in recent days and that the Syrian government's decision to allow one opposition meeting in Damascus was not sufficient.
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