We have ceased all contact between the UK's financial system and the Iranian financial system,” Osborne said.
It was unclear what exact steps the Treasury planned for Iran but it seemed unlikely it would seek to cut off the Iranian financial sector entirely, a move that could disrupt the global energy markets and harm the U.S. economic recovery.
Three former Khmer Rouge bosses went on trial in Phnom Penh, Cambodia on Monday, more than 30 years after millions of people were murdered in the killing fields of Communist Cambodia.
A new McAfee report found that Android is the exclusive target for new, mobile malware, which can steal information and money from users.
Complicating matters is the high exposure that major French banks have to the distressed debt of other Eurozone nations like Greece and Italy.
A UC Davis programs director and associate professor has released a heartfelt statement apologizing on behalf of the school's faculty for not doing more to stop UC Davis police officers from pepper spraying nonviolent student protesters in the face as they sat on the school's quad Friday afternoon.
Cairo police fought protesters demanding an end to army rule for a third day on Monday and morgue officials said the death toll had risen to 33, making it the worst spasm of violence since the uprising that toppled President Hosni Mubarak.
The buses were returning from the holy Islamic pilgrimage site of Mecca in Saudi Arabia and later arrived safely in Turkey.
Mitt Romney secured two important endorsements in New Hampshire over the weekend, bolstering his presidential campaign in response to a surge by Newt Gingrich. Sen. Kelly Ayotte, a conservative Republican, announced her endorsement on Sunday, followed by U.S. Rep. Charlie Bass, a moderate Republican, on Monday.
Moammar Gadhafi information minister Abdullah al-Senoussi was captured alive by Libyan fighters in the south on the country on Sunday.
FBR Capital Markets said that with a midnight deadline and both sides deadlocked, it appears that a deal is untenable at this point for the U.S. Congress Joint Select Committee on Deficit Reduction -- colloquially referred to as the Super Committee.
The PP won 44.6 percent of the popular vote, versus only 28.7 percent for the Socialists.
Hillary Clinton for President 2012 may be gaining momentum. Two Democratic pollsters, including one who worked for Bill Clinton and another who worked for Jimmy Carter, have stepped out and said suggesting that very thing. They argue that President Barack Obama should give up on another four years in office to roll out the political red carpet for Hillary Clinton.
PTA’s Ban on ‘Obscene’ Words Garners Backlash: Top Tweets Trending on Twitter
It was not the acclaim of an international prize that motivated a 11-year-old Pakistani girl to oppose the Taliban's decision to ban education for girls in her neighborhood. Malala Yousufzai, now 13, attracted attention from around the world and focused it on the sorry state of affairs in the Swat Valley, which is located close to the Afghan-Pakistan border, simply because she wanted a better life, where nobody would stop her from learning or watching her favorite Indian television series.
In a bizarre incident, a woman paid $700 to get her rear more shapely and curvy. However, to her horror, she later discovered that cement had been injected into her body.
Myanmar democracy leader Aung San Suu Kyi will run in a parliamentary by-election expected by the end of the year, a top party official said Monday, giving legitimacy to moves toward democracy after decades of military rule.
How free can an individual be? -- Modern day debates on freedom of expression are arguably about the extent to which people can exercise their freedom. Egyptian activist and blogger Aliaa Magda Elmahdy has brought the debate into spotlight once more, in the wake of a massive political upheaval in her country, by posting a series of nude photographs of herself on her blog.
In a rare form of protest in China, supporters of dissident artist Ai Weiwei, under investigation on pornograhy charges, are posting nude photos of themselves.
The PTA has banned a list of words they consider obscene from use in mobile texts and have instructed service providers to block them or face the consequences. The blockade started on Nov. 21, purportedly under a 2009 bill titled Protection from Spam, Unsolicited, Fraudulent and Obnoxious Communication Regulations.
Mariano Rajoy's center-right People's Party stormed to a crushing election victory Sunday when voters punished the outgoing Socialist government for the worst economic crisis in generations.
Finance officials bit their nails and nervously watched the clock. There were 30 minutes left in a bond auction aimed at funding the deficit and there was not a single bid.
Washington's most ambitious effort in years to come to grips with its mounting debt is set to end with a whimper on Monday as negotiators plan to announce they have failed to reach a deal.
Republican Mitt Romney, looking to close the deal in the early primary state of New Hampshire, picked up an important endorsement on Sunday from U.S. Sen. Kelly Ayotte.
Jose Pimentel, 27, a Manhattan man, had been arrested for allegedly plotting to attack U.S. military personnel, police patrol cars and post offices with homemade pipe bombs in the New York metro area.
Asian shares fell on Monday as uncertainty remained over how euro zone leaders would respond to mounting funding difficulties for European banks, and an apparent failure by U.S. politicians to agree on deficit reduction hurt sentiment.
Moammar Gadhafi's brother-in-law and spy chief, Abdullah al-Sanussi, was captured Sunday near the city of Sabha in the southern Libya desert after being on the run for around three months, the new government said.
Chinese Vice-Premier Wang Qishan warned Monday that the global economy remains in a grim state and that an unbalanced recovery might be the best option, at talks where senior U.S. officials warned of a souring mood at home toward China.
Occupy Wall Street brought a Sunday serenade to Bloomberg's home--with drums and chanting. And vows to keep it up for 24 hours, until 2 p.m. Monday.
The NYPD arrested a homegrown lone wolf terror suspect on Saturday, who is charged with plotting to use pipe bombs that he was allegedly building in his Manhattan apartment to kill U.S. troops returning from Iraq and Afghanistan, Mayor Michael Bloomberg said Sunday night.