Christine Lagarde, Minister of Economy, Industry and Employment of France; Member of the Foundation Board of the World Economic Forum is captured during the session 'Global Economic Outlook' at the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 30, 2010
LILONGWE, Malawi (AP) — The chief of the International Monetary Fund is in Malawi to assess reforms aimed at steering the southern African nation out of an economic crisis. Opponents of the measures say they only make matters worse.
The arrival of IMF director Christine Lagarde on Friday was seen as a show of support for Malawi's president, Joyce Banda, who has been criticized by domestic opponents for sharply devaluing the national currency in line with prescriptions from the international lender.
EL-ARISH, Egypt (AP) — Egyptian authorities seized six U.S.-made missiles in the Sinai Peninsula Friday that security officials said were likely smuggled from Libya and bound for the Gaza Strip.
Libya's 2011 uprising and subsequent civil war left the country awash in weapons, including rocket-propelled grenades, automatic rifles and other munitions. Since the end of the country's eight-month conflict, smugglers have transferred some of the weapons to Islamic militants in Egypt's Sinai Peninsula, which has faced a security vacuum since the country's own uprising, and from there onward in underground tunnels to neighboring Gaza.
BAGHDAD (AP) -- A car bomb explosion tore through a crowd of Shiite pilgrims returning home Thursday from a religious commemoration, killing at least 20 and reinforcing fears of renewed sectarian violence, according to Iraqi officials.
The blast erupted late in the afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital. It targeted worshippers returning from the Shiite holy city of Karbala following the climax of the religious commemoration known as Arbaeen.