
US economy on verge of `Great Great Depression`?
World markets fall after the US economy suffered its worst day of the year on June 1 with all signs pointing to more declines over the summer.

World markets fall after the US economy suffered its worst day of the year on June 1 with all signs pointing to more declines over the summer.

The funeral of Abkhazia`s President Sergey Bagapsh is taking place today following his death five days ago in a medical center in Moscow.

Home prices across the United States have hit the lowest point since the housing bubble burst in 2009, dropping 4.2 percent in the past three months.

President Dmitry Medvedev arrived in the affluent Normandy resort of Deauville, France for a two-day summit in which turmoil in the Arab world, as well as the controversial missile defense shield will rank high on the agenda.

Maricopa County Sheriff Joe Arpaio has built quite a reputation over the years for being a bit hard on his inmates. Prisoners at his south-central Arizona jail sleep in a tent city outside and are fed green bologna sandwiches for lunch.

According to the results of a recent survey, 40 percent of Russians are distrustful of the details surrounding the circumstances of Osama bin Laden’s death, who was said to have been killed on May 1 by US special forces in Pakistan

The French resort of Deauville is hosting this year’s G8 summit. The host country has done a U-turn since the last time world leaders gathered there, turning from the biggest war critic to the biggest war trumpeter.

The Japanese company that runs the Fukushima nuclear plant admitted three of six reactors damaged by the tsunami actually suffered meltdown within days, a shocking revelation that`s left many wondering why the information was not made public sooner.

The CorrDefense agency, set up in 2003, has the most unlikely enemy of any Pentagon office.

Thousands of anti-government protesters have descended on Tbilisi for a third day in a row. Police tried to disperse the demonstrations with tear gas and rubber bullets. Russia has slammed the clampdown calling it a direct violation of human rights.

Newly-appointed Al-Qaeda leader Saif al-Adel is threatening London with terrorist attacks in revenge for Osama Bin Laden`s death.

In a speech to the pro-Israel lobbying group AIPAC, President Obama has said Israel will face growing isolation without a credible Middle East peace process and repeated his call for Israel to retreat to pre-1967 borders.

The former IMF chief, accused of sexually assaulting a hotel maid, has been granted bail of US$1 million. Dominique Strauss-Kahn was the euro`s ardent protagonist and economists fear his arrest could lead to the demise of the currency.

Russia`s President Dmitry Medvedev criticized NATO`s extensive use of force in Libya at the joint press conference with Austrian President Heinz Fischer in Moscow. Fischer replied in his speech that the UN resolution on Libya had been misapplied.

Republican Congressman and 2012 US Presidential candidate Ron Paul said that given current trends, the stealth helicopters and US Special Forces that landed in Pakistan to kill Osama Bin Laden will not be the last.

The starting pistol sounds in the race for independence for Scotland. The Scottish National Party now has a surprise majority in parliament, and they are hell bent on a referendum on breaking away from the United Kingdom.

Osama Bin Laden cheated the gallows and died five years before US security forces officially announced he was killed, says a former CIA agent, currently living in Turkey.

The French government may institute a nationwide ban on fracking; a controversial practice used to extract natural gas from the earth, due to US based disasters.

Several countries, including France and Italy, have already recognized the Benghazi-based National Transitional Council as the legitimate power in Libya, so it is just a matter of time before Washington follows.

The world of athletics has been rocked by tragedy as Olympic Marathon gold medalist Samuel Wanjiru was found dead after falling from a balcony at his home in Kenya`s Rift Valley.

Lithuania has asked Moscow to help organize the interrogation of former USSR President Mikhail Gorbachev about the events of January 13, 1991, when 14 people died and some 700 were injured as a result of military clashes in the capital, Vilnius.

A jail in the US state of South Carolina has banned all book and reading materials except for the Christian Bible. Critics argue there is simply no good reason to ban books.

A whole bunch of football celebrities, including arguably the best footballer in history, Diego Maradona, arrived in Grozny on Wednesday evening for the opening ceremony of a brand new stadium in the Chechen capital.

A couple accused of abusing three sisters they adopted from Russia look likely to get off lightly.

Four adult sons of Osama Bin Laden accuse the US of unlawfully executing their father and call for a UN investigation into the raid on the Al-Qaeda leader`s compound in Abbottabad.