Asian markets droppped sharply on news of Dubai World’s restructuring.
SOUTH KOREA: A report by Moody’s investor service predicted the South Korean economy would grow around 6 percent next year, adding to growing optimism about its recovery from the global economic downturn.
PHILIPPINES: Philippine‘s President Gloria Macapagal-Arroyo has authorized the suspension of government, military, and police officials in the Autonomous Region in Muslim Mindanao (ARMM) following the mass murder of at least 57 people in Maguindanao.
NAMIBIA: On Friday voting for general elections began in the southern African nation of Namibia. The ruling party, the South West Africa People’s Organization, is expected to return to power.
SUDAN: The mother of a 16-year old South Sudanese girl who was lashed 40 times for wearing what a judge deemed an indecent skirt is planning to sue both the police and the presiding judge. Silva Kashif’s mother said that not only is her daughter underage but she is also a Christian.
NIGERIA: On Thursday the Nigerian president’s doctor released a statement saying President Yar’Adua is suffering from a heart condition.
GERMANY: Germany’s former defense minister resigned from his post Friday, becoming the third German official to step down following allegations of a military cover-up regarding civilian deaths in a September air strike in Afghanistan.
IRELAND: A 720-page report commissioned by the Irish government found that at least 3 archbishops ignored complaints of child abuse dating as far back as the 1940s, choosing instead to protect priests.
BRAZIL: Brazilian President Lula said that Western nations should help pay to keep the Amazon rainforest from being deforested, saying that “gringos” have cause much more destruction in the region than small-scale farmers who cut down trees for farmland.
CUBA: Cuba prepared for what it called a possible invasion by the U.S. with its first military exercises in five years.
CHILE: More details on the murder of a popular Chilean pop singer during the early days of the country’s military dictatorship in 1973 have surfaced this week.
Muslims around the world are celebrating the start of the Islamic holiday of Eid al-Adha or the ‘Festival of Sacrifice’.
DUBAI: A government official in Dubai says that its intervention in the government-owned investment company Dubai World was “carefully planned.”
IRAN: The International Atomic Energy Agency (IAEA) on Friday passed a new resolution against Iran. That country’s envoy to the U.N. nuclear watchdog agency warned it would cause tension.
SAUDI ARABIA: The death toll from flash floods in the city of Jeddah has risen to 83. The city is a gateway for Muslim pilgrims headed to Mecca.
ISRAEL: Israeli newspaper Haaretz, citing Fox News, is reporting that a deal could be reached soon between Israel and Hamas on prisoner release.