13 January 2016

Pakistan announces 'several' arrests over attack in India

In this Wednesday, Jan. 6, 2016 file photo, Indian soldiers keep guard at the perimeter fence of the Indian air force base in Pathankot, India, Wednesday, Jan. 6, 2016. Indian defense minister Manohar Parrikar had said on Tuesday that Indian forces have killed the last of the six militants who attacked the air force base near the Pakistan border over the weekend, though soldiers are still searching the base as a precaution.
Pakistan on Wednesday announced the arrest of "several individuals" from an outlawed Islamic militant group believed to be linked to a four-day assault on an Indian air base earlier this month that killed seven Indian soldiers.
The government announced the arrests in a statement after Prime Minister Nawaz Sharif presided over a meeting to discuss security issues. The meeting was also attended by Pakistan's army chief Gen. Raheel Sharif, the country's intelligence chief and other security officials.

IS branch attacks Pakistani mission in Afghanistan, kills 7

An Afghan man carries two schoolgirls away from a clash site, in Jalalabad, capital of Nangarhar province, Afghanistan, Wednesday, Jan. 13, 2016. Several members of the Afghan security forces were killed Wednesday after unidentified gunmen attacked the Pakistani consulate in a volatile eastern province, an official said on Wednesday.
A branch of the Islamic State group claimed responsibility for an attack Wednesday on Pakistan's Consulate in eastern Afghanistan that killed at least seven members of the Afghan security forces.
The attack in Jalalabad, the capital of the volatile Nangarhar province that borders Pakistan, started when a suicide bomber detonated his explosives vest outside the diplomatic mission, said Attaullah Khyogani, spokesman for the province's governor.

Oil keeps falling. And falling. How low can it go?

In this Wednesday, Nov. 25, 2015, photo, Cornelio Bonilla pumps gas at Best Food Mart gas station in Gainesville Ga. The price of oil continues to fall, extending a slide that has already gone further and lasted longer than most thought, and probing depths not seen since 2003.
The price of oil keeps falling. And falling. And falling. It has to stop somewhere, right?
Even after trending down for a year and a half, U.S. crude has fallen another 17 percent since the start of the year and is now probing depths not seen since 2003.
"All you can do is forecast direction, and the direction of price is still down," says Larry Goldstein of the Energy Policy Research Foundation, who predicted a decline in oil in 2014.

As oil plunges, energy companies cut jobs, postpone projects

This Thursday, Jan. 15, 2015 file photo shows a BP logo outside a petrol station in the town of Bletchley in Buckinghamshire, England. The world’s biggest oil companies are slashing jobs and backing off major investments as the price of crude keeps falling - and it may be just the beginning. Oil company BP said on Tuesday, Jan. 12, 2016 it is cutting some 4,000 jobs in exploration and production over the next two years amid sharp declines in the price of crude as companies brace for a new normal of ever-falling prices. Other companies are also cutting back, such as Shell, which cut 6,500 staff and contractor positions last year.
The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows — and there may be more pain to come.
Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years. California-based Chevron said last fall that it would eliminate 7,000 jobs, while rival Shell announced 6,500 layoffs.