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Puerto Rico skips bond payments, says Congress must help

SAN JUAN, Puerto Rico (AP) — A spiraling Puerto Rico debt crisis reached a new milestone as the island missed nearly $370 million on a bond payment Monday and officials warned of worse to come if the U.S. Congress doesn't help it dig out from a mountain of debt.

Recent Headlines

Monday 05/02/2016
Q&A: Puerto Rico's debt crisis, what it means for muni bonds
Updated: May 02, 2016 - 7:01 pm

NEW YORK (AP) — Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors.

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Israel to hold Palestinian journalist 4 months without trial
Updated: May 02, 2016 - 7:02 pm

RAMALLAH, West Bank (AP) — Israel's military on Monday ordered a well-known Palestinian journalist to be held for four months without charges or trial, in so-called administrative detention.

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Austria registers spike in far right extremist crime
Updated: May 02, 2016 - 7:02 pm

VIENNA (AP) — Austria's interior ministry says xenophobic and racist crimes committed by far right sympathizers have spiked by more than 50 percent in a year, with Muslims, Jews and other minorities the main targets.

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Cheering Cubans greet first cruise ship from US in decades
Updated: May 02, 2016 - 5:07 pm

HAVANA (AP) — Greeted with rum drinks and salsa dancers, the first passengers to cruise from the U.S. to Cuba in nearly 40 years streamed Monday into a crowd cheering the rebirth of commercial travel on waters that served as a stage for a half-century of Cold War hostility.

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Egypt journalists stage protest over police raid at union
Updated: May 02, 2016 - 5:07 pm

CAIRO (AP) — Egypt's journalists' union called for the dismissal of the interior minister and launched an open-ended sit-in at its headquarters in downtown Cairo on Monday, protesting the detention of two journalists on its premises the previous night.

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Germany wants to extend border controls for another 6 months
Updated: May 02, 2016 - 5:07 pm

BERLIN (AP) — Germany and some other EU countries are planning to ask the European Commission for an extension of border controls within the Schengen passport-free travel zone for another six months because they fear a new wave of migrants.

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230 million-year-old dinosaur footprint found in north Spain
Updated: May 02, 2016 - 5:07 pm

MADRID (AP) — Spain says a footprint of a dinosaur that roamed the area 230 million years ago has been found in northeastern Catalonia, and says it's the best preserved dinosaur print seen so far in the Iberian Peninsula.

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Italy: Hague tribunal OKs marine's return from India for now
Updated: May 02, 2016 - 5:07 pm

ROME (AP) — An international tribunal in The Hague has decided that an Italian marine being held in India in the shooting deaths of two Indian fishermen mistaken for pirates can return home for the duration of arbitration, the Italian foreign ministry said Monday.

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Ukrainian city marks 2nd anniversary of fire that killed 43
Updated: May 02, 2016 - 5:07 pm

MOSCOW (AP) — Demonstrators have gathered in the Ukrainian city of Odessa to mark the second anniversary of the street clashes that culminated in a fire that killed 43 people as they took shelter from opponents.

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Fiat Chrysler CEO sees future for Alfa Romeo in China
Updated: May 02, 2016 - 4:05 pm

TURIN, Italy (AP) — Fiat Chrysler Automobiles CEO Sergio Marchionne said Monday that the automaker will try to reach full-employment in its Italian plants before the 2018 business plan goal and that the global relaunch of Alfa Romeo will play a key role.

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