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Trump seeks to ground costs of new Air Force One with Boeing

NEW YORK U.S. President-elect Donald Trump on Tuesday urged the government to cancel an order with Boeing Co to develop a revamped Air Force One - one of the most prominent symbols of the U.S. presidency - saying costs were out of control. | Video

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Syrian troops close in on Aleppo's Old City

BEIRUT/GENEVA Syria's army and allies closed in on areas near Aleppo's Old City on Tuesday, looking closer than ever to achieving their most important victory of the five year civil war by driving rebels out of their last urban stronghold.

World, United Nations, Syria 12:03pm EST

Rouhani says Iran will not let Trump rip up nuclear deal

BEIRUT Iran's President Hassan Rouhani said on Tuesday he would not let U.S. President-elect Donald Trump rip up a global nuclear deal, warning of unspecified repercussions if Washington reneges on the agreement.

World, Davos 4:13am EST

Setting sights on fourth term, Merkel vows tough line on migration

ESSEN, Germany Angela Merkel laid out her case for a fourth term as German chancellor on Tuesday, seeking to energize her conservatives with a call to ban full-face Muslim veils and the promise of a tougher stance on immigration after a record influx of refugees.

11:08am EST

U.S. trade gap widens as exports of soybeans, other goods fall

WASHINGTON The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter.

10:28am EST

Oil falls on production cut skepticism, OPEC and Russia output rise

NEW YORK Oil prices on Tuesday fell for the first session since OPEC agreed to cut output last week after data showed crude production rose in most major export regions and on growing skepticism that the cartel would be able to reduce production.

10:48am EST
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Death toll not expected to rise in California warehouse fire

OAKLAND, Calif. Authorities in Oakland, California, said on Tuesday they do not expect the death toll from a blaze that engulfed a converted warehouse during a dance party to rise above 36, but could not rule it out as they continued picking through debris. | Video

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Iraqi army launches fresh assault towards Mosul center

BAGHDAD/ERBIL, Iraq Iraqi army units surged towards the center of Mosul on Tuesday in an attack from the city's southeastern edges that could give fresh impetus to the seven-week-old battle for Islamic State's Iraqi stronghold.