Political Crisis | featured news

European Central Bank policymakers underscored the case for an April rate hike on Thursday as Portugal's political crisis raised the prospect of another spell of reluctant ECB bond market intervention.

Defying a government ban on all kinds of public demonstrations, a group is planning a "Day of Rage" protests Friday in Saudi Arabia.

Director of National Intelligence James Clapper said Thursday that the better-equipped forces of Libyan leader Muammar Gaddafi will over the long term prevail.

Libyan leader Moammar Kadafi's speech appears to put to rest rumors reported in some international media that the 68-year-old leader had been considering stepping down.In a defiant speech broadcast early Wednesday, Libyan leader Moammar Kadafi derided opponents who have seized the eastern half of the country as "traitors" and blamed foreigners and Al Qaeda for perpetrating the unrest roiling the North African state he has ruled for more than four decades.

The crisis in Libya again pushed oil prices higher as the New York Mercantile Exchange opened for trading Monday.

Opposition forces trying to reach Surt, the hometown of Moammar Kadafi, retreat to the desert outpost of Ras Lanuf after a ground and air assault.

As Libya moves toward civil war, reports of violence and casualties continue to mount between forces loyal to longtime leader Moammar Gadhafi and rebel fighters who refuse to let up until Gadhafi's rule ends.

Hundreds of demonstrators call for Moammar Kadafi's downfall in Tripoli but are quickly dispersed by security forces. Rebels continue to hold nearby Zawiya after an assault organized by one of the embattled leader's sons.

If the U.S. military is hesitant to enact a no-fly zone over Libya, the Army is capable of giving the opposition the capacity to use anti-aircraft defenses themselves, Sen. Joe Lieberman suggested Thursday.

The Libyan government has accepted a Venezuelan plan that seeks a negotiated solution to the uprising in the North African country, a spokesman for President Hugo Chavez said on Thursday.

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