Weekday News Wrap: Wednesday, October 3, 2012
Georgia's President Mikhal Saakashvili has conceded defeated in Monday's parliamentary elections. Benjamin Netanyahu appears to have softened his stance on military action against Iran, allowing more space for sanctions to take effect until at least mid-2013. The territorial dispute over the Senkaku/Diaoyu islands is blamed for the decision of major Chinese banks to pull out of the IMF and World Bank Annual Meetings that are...