World News

President's inauguration marks 'new era' for Somalia, says UN envoy

09-11-unpos-mahiga_0_0.jpg
Special Representative Augustine Mahiga (left) with Somali President-elect Hassan Sheikh Mohamud during a...

US Defense Secretary Addresses Tension in Asia, Mideast

U.S. Defense Secretary Leon Panetta says anti-U.S. protests and violence in the Muslim world, sparked by a privately-made video, will likely continue but he says it appears to be leveling off. Panetta has begun a week-long visit to the Asia-Pacific...

OSCE/ODIHR opens limited observation mission for early parliamentary elections in Montenegro

86427.jpg
The Millennium Bridge in Podgorica. The OSCE/ODIHR opened a Limited Election Observation Mission for the 14 October early parliamentary...

Rethink Role of State in Finance, says World Bank

It is time to rethink the role of the state in the financial sector, so that governments can better balance the need for credit and emergency support for banks with measures to promote transparency and competition when crises erupt, says a new World...