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Weak gasoline, food prices dampen U.S. producer inflation

WASHINGTON - U.S. producer prices were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.

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Islamic State supporter warns of attacks against U.S.: SITE

BEIRUT - A supporter of Islamic State militants has warned of attacks on the United States and its allies if they continue to carry out military action against the group that has seized large parts of Iraq and Syria, the SITE monitoring service said. | Video

World, Iraq 9:19am EDT

ECB's predicament leaves peers mute on currency depreciation

FRANKFURT/TOKYO/WASHINGTON - Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat.

7:27am EDT

Russia needs government investment to avoid recession, says former finance minister

MOSCOW - Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.

World, Russia 9:17am EDT

Suicide car bomber kills 3 foreign troops in Afghan capital

KABUL - A suicide car bomber killed two U.S. troops and a Polish soldier in an attack on a convoy near the U.S. embassy in Kabul on Tuesday, the NATO-led coalition said, one of the worst attacks on international forces in the Afghan capital in months. | Video

8:56am EDT
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Wildfires rage in California drought, hundreds forced to flee

LOS ANGELES - Crews were battling about a dozen major wildfires across California on Tuesday that have forced thousands of people to flee, damaged or destroyed more than 100 buildings, and charred thousands of acres of drought-stricken forest.

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Islamic State shoots down Syrian war plane: monitor group

BEIRUT - Islamic State fighters shot down a Syrian war plane using anti-aircraft guns on Tuesday, the first time the group has downed a military jet since declaring its cross-border caliphate in June, a group monitoring the civil war said.