By Yara Bayoumy SANAA (Reuters) - Schoolboy Mohammed Taeiman died this week on a remote Yemeni road, a casualty of a U.S. drone campaign against the local branch of al Qaeda that seems to be sliding into disarray. The sixth-grader's death as he returned home with a family friend aroused the kind of anger that has long helped Al Qaeda in the Arabian Peninsula (AQAP) to recruit fighters. While the exact circumstances of Monday's incident remain unclear, relatives say the boy was traveling in a car with the family friend, Abdullah al-Zindani, to his village in the central province of Marib. Returning from visiting an acquaintance in southern Yemen, they were driving along a 160 km (100 mile) road that threads its way between mountains and desert.
By Ron Bousso LONDON (Reuters) - Oil fell below $49 a barrel on Friday and was on course for its seventh straight month of declines, the longest such bear run on record as a supply glut showed no signs of easing with OPEC increasing production in January. Benchmark Brent crude prices have kept within a band of $45-$50 a barrel since hitting a six-year low on Jan. 13, but analysts have not ruled out further declines as global inventories continue to rise. Supplies from the Organization of the Petroleum Exporting Countries (OPEC) rose in January to 30.37 million barrels per day (bpd), a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices by cutting output. Data this week also showed U.S. crude oil inventories had reached their highest levels since the 1930s.
A powerful bomb tore through a busy Shiite mosque in southern Pakistan on Friday, killing close to 50 people in the country's deadliest sectarian attack in nearly two years. The blast hit the mosque in Shikarpur in Sindh province, around 470 kilometres (300 miles) north of Karachi, as hundreds of worshippers attended Friday prayers. Pakistan has suffered a rising tide of sectarian violence in recent years, most of it perpetrated by hardline Sunni Muslim groups against minority Shiite Muslims, who make up around one in five of the population. Shaukat Ali Memon, the medical superintendent of Civil Hospital in Shikarpur, gave a death toll of 48.
By Ernest Scheyder WILLISTON, N.D. (Reuters) - Chevron Corp , the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices . Royal Dutch Shell , a so-called international oil company like Chevron, said on Thursday it would cut its spending over the next three years by $15 billion. Taking similar steps, Chevron executives slashed the company's 2015 capital budget by 13 percent to $35 billion. "We enter 2015 with the financial strength to meet the challenges of a volatile crude price environment and with significant efforts under way to manage to a lower cost structure," Chief Executive Officer John Watson said in a statement.
WEST HOLLYWOOD, Calif. (AP) — Death Row Records founder Marion "Suge" Knight was arrested on suspicion of murder early Friday, hours after the rap music figure turned himself in to authorities in a hit-and-run wreck that killed a man and injured another near Los Angeles.
ISLAMABAD (AP) — A Pakistani official says that the death toll from a deadly blast at a mosque in southern Pakistan has risen to 49.
NORTH CHICAGO, Ill. (AP) — Drugmaker Abbvie posted better-than-expected adjusted results for the fourth quarter on Friday due to double-digit growth of its blockbuster anti-inflammatory drug Humira.
DONETSK, Ukraine (AP) — Artillery fire in the rebel stronghold of Donetsk killed at least 12 civilians on Friday afternoon, the city hall in the rebel stronghold said, as fighting intensifies between pro-Russia separatists and government troops.
NEW YORK (AP) — A new theater prize inspired by Philip Seymour Hoffman has been launched, seeking play submissions that "exhibit fearlessness."
U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown, which follows two back-to-back quarters of bullish growth, is likely to be short-lived given the enormous tailwind from lower gasoline prices. Economists had expected GDP to expand at a 3 percent rate in the fourth quarter. The report came two days after the Federal Reserve said the economy was growing at a "solid pace," an upgraded assessment that keeps it on track to start raising interest rates this year.
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