Walker's World: The unseen punch

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Walker's World: The unseen punch MARTIN WALKER || UPI Editor Emeritus PARIS, Aug. 8 (UPI) -- It's the punch that you don't see coming that usually gets you, and that is what has happened to the markets in both Europe and the United States. [ FULL STORY ]

Outside View: Why to buy stocks PETER MORICI || UPI Outside View Commentator COLLEGE PARK, Md., Aug. 9 (UPI) -- The U.S. economy and equities are worth more than current prices indicate. This is a good time to buy companies with strong brands and decent cash positions -- those are ones that weather tough times better and grow nicely when conditions improve. [ FULL STORY ]

Special Reports

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Bahraini detainees allege torture MANAMA, Bahrain, Aug. 8 (UPI) -- Many of the prisoners held in Bahrain were tortured by state security forces as a matter of principle, a former detainee and opposition leader said. [ FULL STORY ]

Gadhafi losing ground, London says LONDON, Aug. 8 (UPI) -- The Libyan regime of Moammar Gadhafi is facing political, economic and diplomatic setbacks, a British official said. [ FULL STORY ]

Iran helps Assad fight for survival ISTANBUL, Turkey, Aug. 9 (UPI) -- The Turkish government says it has intercepted an arms shipment from Iran headed for Tehran's key ally Syria. [ FULL STORY ]

U.S. lawmakers to target Iran's bank WASHINGTON, Aug. 8 (UPI) -- U.S. President Barack Obama is called on to take dramatic steps against Iran's central bank as part of an effort to sideline the regime, lawmakers said. [ FULL STORY ]

General say use military against PKK ANKARA, Turkey, Aug. 8 (UPI) -- Police forces in Turkey won't be able to take on Kurdish militants with the same effectiveness as the national military, a retired general said. [ FULL STORY ]

Energy Resources

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Libyan rebels up oil protection BENGHAZI, Libya, Aug. 8 (UPI) -- Libyan rebel leaders said they approached Turkish officials to get military equipment needed to protect oil installations. [ FULL STORY ]

Scotland offshore wind farm ready to go ABERDEEN, Scotland, Aug. 8 (UPI) -- The developers of the long-planned, $246 million European Offshore Wind Deployment Center say they're ready to begin construction in Scotland. [ FULL STORY ]

Nabucco sets sights on Turkish steel VIENNA, Aug. 8 (UPI) -- Executives at the Nabucco pipeline consortium said they are planning talks with Turkish companies to get information on steel deliveries. [ FULL STORY ]

Heritage Oil starts drilling in Iraq ERBIL, Iraq, Aug. 8 (UPI) -- Independent energy company Heritage Oil announced it started drilling its Miran West-3 well in the Kurdish region of Iraq. [ FULL STORY ]

Kremlin steps into Tymoshenko fray MOSCOW, Aug. 8 (UPI) -- Natural gas agreements signed in 2009 between Russian and Ukraine were carried out in accordance to the rule of law, the Russian Foreign Ministry said. [ FULL STORY ]

Special Reports

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U.S. urges Russia to back off Georgia WASHINGTON, Aug. 9 (UPI) -- Washington calls on Moscow to pull troops out of parts of Georgia and honor a 2008 cease-fire that ended conflict there, the State Department said. [ FULL STORY ]

Yemen still investigating Saleh attack SANAA, Yemen, Aug. 8 (UPI) -- Yemeni authorities said they were still investigating the June 3 attack that put the country's president in the hospital for more than two months. [ FULL STORY ]

Gadhafi losing ground, London says LONDON, Aug. 8 (UPI) -- The Libyan regime of Moammar Gadhafi is facing political, economic and diplomatic setbacks, a British official said. [ FULL STORY ]

Rights situation in Belarus worries U.S. WASHINGTON, Aug. 9 (UPI) -- Washington is deeply concerned by reports that a top Belarusian human rights activist was arrested by state authorities, the State Department said. [ FULL STORY ]

Court halts Australia's asylum swap deal CANBERRA, Australia, Aug. 9 (UPI) -- Australia's High Court has dealt a blow the country's controversial plan to send asylum seekers who arrived by boat to Malaysia for processing. [ FULL STORY ]

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