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NKorean farmers cite grave drought; aid unlikely
May 28th, 2012
North Korea is reporting a serious drought that could worsen already critical food shortages, but help is unlikely to come from the United States and South Korea following Pyongyang's widely criticized rocket launch. (Source: Associated Press) -
SEOUL, South Korea (AP) - Roughly three quarters of the 175 South Koreans still at a shuttered factory park in North Korea are scheduled to return Saturday after Seoul decided to withdraw them over Pyongyang's rejection of its demand for talks on the last symbol of inter-Korean cooperation, the government said. (Source: Associated Press)... [Full Article]
CAIRO (Reuters) - Standard & Poor's cut Egypt's credit rating further into junk territory on Thursday, saying Cairo had yet to come up with a plan to control its finances, leaving the country vulnerable to a balance of payments crisis. Egypt has been in crisis since a popular uprising ousted Hosni Mubarak in early 2011, and has run th... [Full Article]
By Martin Santa BRUSSELS (Reuters) - Cyprus and Malta have a lot in common: Mediterranean islands enjoying 10 months of sunshine a year, they joined the European Union in 2004, use the euro and have banking sectors that dwarf their economies. There are so many similarities that some investors have wondered whether Malta might follow Cyprus in needi... [Full Article]