Pope makes longtime aide a bishop in St. Peter's

VATICAN CITY (AP) — Pope Benedict XVI has rewarded his longtime loyal secretary by making him a bishop in an elaborate ceremony in St. Peter's Basilica.The pontiff and Monsignor Georg Gaenswein, a fellow German, embraced warmly. Benedict, 85, held up well during the nearly three-hour long service Sunday, which also marked Epiphany, a Catholic feast day.Gaenswein, 56, has been Benedict's closest aide...

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Orthodox believers celebrate Epiphany with icy dip

SOFIA, Bulgaria (AP) — Thousands of young men are plunging into icy rivers and lakes across Bulgaria and Romania to retrieve crucifixes cast by priests in an old ritual marking the feast of Epiphany.By tradition, a wooden cross is cast into the water and it is believed that the person who retrieves it will be freed from evil spirits.In the central Bulgarian city of Kalofer, 350 men in traditional...

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Cameron plays down status of top credit rating

LONDON (Reuters) - Prime Minister David Cameron said the credibility of his deficit-cutting policy was more important than the judgment of credit rating agencies, as the threat of third recession since the financial crisis looms.Britain has held onto its top triple-A credit rating while the United States and France have suffered downgrades, but that endorsement has looked increasingly shaky as the...

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FedEx says it can grow by cutting costs

NEW YORK (AP) — FedEx may be pessimistic about the U.S. economy, but it's confident about growing its earnings.The world's second-largest package delivery company, a bellwether for economic health because of the vast number and kinds of shipments it handles, lowered its economic forecast for the U.S., saying there remains a lot of uncertainty for the country.FedEx maintained its earnings forecast...

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Burundi tea earnings rise 27 pct in November on high prices

BUJUMBURA (Reuters) - Burundi's tea export revenues rose 27 percent in November from the same month last year thanks to a stronger regional market, a tea board official said on Thursday.The state-run tea board (OTB) said it collected $1.80 million from the sale of 589,907 kg, up from $1.42 million earned in November 2011 from the export of 563,140 kg."Supplies of the commodity in the region were...

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Discover Financial Services 4Q net income rises

 Discover Financial Services on Thursday reported higher earnings for its fiscal fourth quarter, as users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances.Even so, the Riverwoods, Ill.-based company's results fell short of Wall Street expectations, and investors sent its shares down over 3 percent Thursday.Discover, the nation's sixth-largest credit...

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Richardson: NKorea trip is private, humanitarian

WASHINGTON (AP) — Former New Mexico Gov. Bill Richardson says the State Department should not be nervous about a visit he's making to North Korea with Google's executive chairman, Eric Schmidt.The State Department has advised against his making the trip. But Richardson says he doesn't work for the U.S. government.Richardson said Friday he's concerned about an American citizen detained in North Korea,...

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Abbas sees Palestinian unity as Fatah rallies in Gaza

GAZA (Reuters) - President Mahmoud Abbas predicted the end of a five-year split between the two big Palestinian factions as his Fatah movement staged its first mass rally in Gaza with the blessing of Hamas Islamists who rule the enclave."Soon we will regain our unity," Abbas, whose authority has been limited to the Israeli-occupied West Bank since the 2007 civil war between the two factions, said...

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Malala Yousafzai, Pakistani teen shot by Taliban, is released from UK hospital

A daily summary of global reports on security issues. Malala Yousafzai, the Pakistani teen who was shot in the head by the Taliban in the fall for promoting girls’ education, was released from a British hospital yesterday. Malala, who will spend the next few weeks with her family in the UKbefore returning to the hospital for more surgery, quickly became an international symbol of...

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What does Google want with North Korea?

Google chairman Eric Schmidt plans to visit North Korea as early as next week in what analysts see as part of North Korean leader Kim Jong-un’s drive to give an appearance of closing the vast digital divide between his isolated country and the rest of the world.Although Mr. Schmidt is not expected to reach any real deal with the North, his presence there seems to show a desire in North Korea to improve...

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