President Barack Obama speaks about his administration's counterterrorism policy at the National Defense University at Ft. McNair in Washington, May 23, 2013. REUTERS/Larry Downing

Obama limits drone use, offers steps to close Gitmo

WASHINGTON - In a speech on Thursday, President Barack Obama outlined plans to limit the use of drone strikes and took steps aimed at closing the military prison at Guantanamo Bay, Cuba.  Full Article 

Boy Scouts of America set to vote on gay youth ban 12:36pm EDT

GRAPEVINE, Texas - The Boy Scouts of America will vote on Thursday on a proposal to remove its ban on openly gay scouts that has been in place throughout the organization's 103-year history.

A police forensics officer investigates a crime scene where one man was killed in Woolwich, southeast London, May 22, 2013. REUTERS/Stefan Wermuth

Police arrest two more over London attack

LONDON - British police arrested two more people in a hunt for accomplices of two British men of Nigerian descent, who were accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries.  Full Article 

Apple CEO Tim Cook (C), CFO Peter Oppenheimer (L) and Apple Head of tax operations Philip Bullock appear before a Senate homeland security and governmental affairs investigations subcommittee hearing on offshore profit shifting and the U.S. tax code, on Capitol Hill in Washington, May 21, 2013. REUTERS/Jason Reed

Apple enjoyed Irish tax holiday from the start

SAN FRANCISCO/DUBLIN - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said.  Full Article 

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong, December 8, 2010. REUTERS/Bobby Yip

Large retailers sue Visa, MasterCard over fees

A group of U.S. retailers including Macy's and Target sued Visa and MasterCard, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions.  Full Article 

The site of the fire and explosion of April 17, 2013 is pictured in West, Texas on  April 24 2013.   REUTERS/Tom Reel/Pool

Poor planning left Texas firefighters unprepared

WEST, Texas - The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights the failings of a U.S. federal law intended to save lives during chemical accidents, a Reuters investigation has found.  Full Article | Related Story 

A general view of newly built houses at Dadun village of Lingshui ethnic Li Autonomous County, Hainan province, January 18, 2013. REUTERS/Stringer

China urbanization plan hits spending roadblock

BEIJING - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property bubble.  Full Article 

Former Iranian president Akbar Hashemi Rafsanjani attends Iran's Assembly of Experts' biannual meeting in Tehran March 8, 2011. REUTERS/Raheb Homavandi

Barred candidate calls Iranian leaders ignorant

DUBAI - Former president Akbar Hashemi Rafsanjani accused Iran's leadership of incompetence and ignorance just days after he was barred from standing in an election next month.  Full Article 

Nicholas Wapshott

Lessons of the London butchers

The cases of the butchers of London and the Boston bombers raise an even more fundamental question: What exactly is terrorism? Since 9/11, the central management of al Qaeda’s operation has been defeated and the duty to continue the Islamist fight has passed to individual jihadists.  Commentary 

Anatole Kaletsky

The many interpretations of Ben Bernanke

The reaction to Federal Reserve Chairman Ben Bernanke's tediously familiar statement, and release of the equally repetitive minutes of the last Fed meeting, was some of the wildest gyrations seen in the world’s financial markets for months.  Commentary 

Michael O'Hanlon and Sean Zeigler

Civil wars and Syria: lessons from history

Removing Assad would no more end the Syrian conflict than overthrowing Saddam Hussein in 2003 brought stability to Iraq. The U.S. must create a more integrated overall strategy, argue Michael O'Hanlon and Sean Zeigler.  Commentary 

David Rohde

Prosperity without power

Across the BRIC nations, frustrated members of the middle class are demanding change, but traditional power holders from Russia’s Vladimir Putin to India’s large political parties remain entrenched.  Commentary 

Edward Hadas

Apple, hypocrisy and stakeholder tax

Politicians are hypocrites when they complain about the cross-border tax strategies of Apple and other multinationals. But "hypocrisy is the tribute vice pays to virtue." It’s high time that companies admit taxes on profit are fair payments for the help that governments give them.  Commentary 

Bethany McLean

How much does Jamie Dimon matter?

To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes.  Commentary