(Reuters) - The surge in Twitter Inc's shares has revived debate about whether the stock warrants a valuation that is five times that of Facebook Inc , its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 million in the second quarter. If Facebook was trading at Twitter's valuation, it would be worth nearly $1 trillion.
BRUSSELS (AP) — The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalties.
SALT LAKE CITY (AP) — Two former Utah attorneys general made their first appearance as criminal defendants Wednesday, vowing to beat a slew of bribery charges and other counts.
WASHINGTON (AP) — The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists, congressional investigators say.
By Nidal al-Mughrabi and Jeffrey Heller GAZA/JERUSALEM (Reuters) - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting. Israel's security cabinet convened to discuss a revamped Egyptian proposal for a truce but it was unclear whether any decision was imminent that could halt a 23-day conflict in which nearly 1,400 people, mostly civilians, have died. Some 3,300 Palestinians, including many women and children, were taking refuge in the school in Jabalya refugee camp when it came under fire around dawn, the United Nations Relief and Works Agency (UNRWA) said. "Our initial assessment is that it was Israeli artillery that hit our school," UNRWA chief Pierre Krahenbuhl said in a statement after representatives of the agency visited the scene and examined fragments, craters and other damage.