DUBAI/ NEW YORK/ LONDON: Gulf shares rose after some of the region's central banks cut interest rates, along with the US Federal Reserve and others. However, a global equities rally stumbled on Thursday as investors cast doubt on a co-ordinated global effort to stem a worsening worldwide credit crisis by cutting interest rates, and even safe-haven assets fell as uncertainty ruled the day. Demand for government bonds, gold and low-yielding currencies -- all recent beneficiaries of a ...

BY DAVID EDWARDS

On Oct.30, 2001 ­ less than one month after the start of the US-UK bombing of Afghanistan ­ the eminent British military historian Professor Sir Michael Howard poured scorn on the strategy, describing it as "trying to eradic...

A decision by a US federal court ordering the release of 17 Muslim minority Chinese men who have been held without charges for seven years at the infamous Guantanamo Bay is a major blow to the administration of President George W Bush. And it sets a precedent for others held a...