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Iran claims to down spy planes but offers no proof

Iran’s Revolutionary Guard claims to have shot down several Western spy planes, including two in the Persian Gulf, but provided no evidence. The U.S. Navy’s 5th Fleet, which is based in the Gulf, says it has no reports of aircraft downed “recently.” Iran’s semiofficial Fars news agency on Sunday quoted…

Obama: India trade deals to create 50,000 jobs for US workers

President Barack Obama announced Saturday 10 billion dollars in trade deals with India to create 50,000 US jobs, on a visit that began with an emotional tribute to victims of the 2008 Mumbai attacks. Kicking off a four-nation Asian tour weighted towards prying open new markets for US goods, Obama…

Plane crashes in Afghanistan with 43 on board

An Afghan passenger plane crashed into the mountains of northern Afghanistan on Monday with 43 people on board, including foreigners, the interior ministry told AFP. The Pamir Airways plane was en route from the northern province of Kunduz to Kabul when it came down over the Hindu Kush mountains. The…

Wachovia pays $160 million to stop drugs probe

Wachovia has agreed to pay US prosecutors 160 million dollars for its failure to stop drug money being laundered to Mexican affiliates, the DEA said Wednesday. The embattled bank admitted it failed to stop an estimated 110 million dollars from being sent from the US to Mexico by wire transfer…

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