U.S. backs Turkey's explanation of Russian air incursion
BRUSSELS (Reuters) - U.S. intelligence on Russia's warplane movements on Nov. 24 support Turkey's explanation that Russian jets violated Turkish airspace, the U.S. envoy to NATO said on Monday. "The U.S. data that I have seen corroborates Turkey's version of events," U.S. Ambassador to NATO Douglas Lute told reporters. (Reporting by Robin Emmott; Editing by Alastair Macdonald)
Mon, 30 Nov 2015 10:07:21 -0500
World leaders launch bid for climate breakthrough in Paris
By Bruce Wallace and Alister Doyle PARIS (Reuters) - World leaders launched an ambitious attempt on Monday to hold back the earth's rising temperatures, with French President Francois Hollande saying the world was at "breaking point" in the fight against global warming. Some 150 heads of state and government, including U.S. President Barack Obama and his Chinese counterpart Xi Jinping, urged each other to find common cause in two weeks of bargaining to steer the global economy away from its dependence on fossil fuels.
Mon, 30 Nov 2015 10:03:36 -0500
Obama and Putin discuss Syria, Ukraine at summit: White House official
WASHINGTON (Reuters) - U.S. President Barack Obama met with Russian President Vladimir Putin at the sidelines of the climate summit in Paris on Monday and discussed the Syrian crisis as well as the situation in Ukraine, a White House official said. Obama told Putin he believes Syrian President Bashar al- Assad must leave power as part of a political transition, the official said. ...
Mon, 30 Nov 2015 09:59:22 -0500
Russian SU-34 jets fly with air-to-air missiles in Syria for self-defense for first time
MOSCOW (Reuters) - Russian Su-34 fighter bombers flew in Syria for the first time with air-to-air missiles for self-defense on Monday, a Russian air force official told Russian news agencies, less than a week after a Turkish F-16 shot down a Russian jet. Igor Klimov, the official, said the air-to-air missiles were capable of hitting targets at a distance of up to 60 kilometers (37.28 miles). (Reporting by Alexander Winning; Editing by Andrew Osborn)
Mon, 30 Nov 2015 09:56:02 -0500
Fed approves curb to future 'too big to fail' lending
The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only "broad-based" to address larger financial market problems, and not tailored to specific firms. The 2010 Dodd-Frank financial reform law instructed the Fed to curtail emergency loans to individual companies and prohibited it from lending to firms that were insolvent.
Mon, 30 Nov 2015 09:47:03 -0500
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