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U.S. President Barack Obama will address the Americans at 9 p.m. EDT on Monday about the state of efforts to raise the government's debt ceiling, said the White House in a statement.

"The president will address the nation from the White House on the stalemate in Washington over avoiding default and the best approach to cutting deficits," it said.

The world's largest economy is face an unprecedented default on Aug. 2 if the country could not raise its 14.29 trillion dollars borrowing limit which was hit on May 16.

With only a week before the deadline, the two parties in Washington remain split on their approaches to solve the problem which may cause global repercussions.

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The U.S. State Department on Monday denied that the country is involved in the recent assassination of an Iranian nuclear scientist, urging Iran not to use the incident to "distract attention."

"We were not involved," State Department spokesperson Victoria Nuland told reporters, in response to the death of Dariush Rezaei, an Iranian nuclear scientist who was killed in eastern Tehran on Saturday.

She said it is a "frequent practice" for Iran to "accuse the West" for these kinds of incidents.

"We hope that Tehran is not planning to use this incident to distract attention from what it needs to do, which is to come back into compliance with international obligations," she added.

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Iran's Majlis (parliament) Speaker Ali Larijani called the assassination as a " U.S.-Zionist terrorist act," the satellite Press TV reported Sunday.

There have been a series of assassination attempts against Iran 's nuclear scientists in recent years.

In January 2010, the Iranian nuclear scientist and the Physics professor at the prestigious University of Tehran, Massoud Ali- Mohammadi, was killed by a remote-controlled bomb attached to a motorbike parked near his house.

In November 2010, another Iranian nuclear scientist Majid Shahriar was also killed by a bomb attached to his car on the way to his work.

In January, Iran said it dismantled an Israeli spying network and arrested a group of people who were linked to the assassination of its nuclear scientist Massoud Ali-Mohammadi.

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The United States on Monday announced its strategy to combat transnational organized crime ( TOC), mapping out a blueprint to counter the threats such crimes pose to the country's national security, and slapping mobs in Japan, Italy, Mexico and Russia with sanctions.

President Barack Obama said in a White House release that the strategy evolves around a principle "to build, balance, and integrate the tools of American power to combat transnational organized crime and related threats to our national security."

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He also urged partners to do the same. "We encourage our partners and allies to echo the commitment we have made here and join in building a new framework for international cooperation to protect all our citizens from the violence, harm, and exploitation wrought by transnational organized crime."

Along with the strategy, Obama also signed an executive order establishing a sanctions program to block the property of significant transnational criminal organizations that threaten U.S. national security, foreign policy, or economy. The first group of crime organizations slapped with sanctions include Japan's Yakuza, Italy's Camorra, Mexico's Los Zetas and Brothers' Circle, based in former Soviet Union areas.

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According to the White House, a series of legislative proposals were also planned to enhance the authorities available to investigate, interdict, and prosecute the activities of top transnational criminal networks will be announced; a new Presidential Proclamation was also unveiled to bar admission to the country persons designated under the Executive Order and other comparable sanctions programs. A new rewards program to supplement existing narcotics rewards programs is also announced.

The White House said that transnational organized crime threatens U.S. and international security, as crime networks are " proliferating, striking new and powerful alliances, and engaging in a range of illicit activities as never before."

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The White House said terrorists and insurgents increasingly are turning to crime and criminal networks for funding and logistics, as in fiscal year 2010, 29 of the 63 top drug trafficking organizations identified by the Department of Justice had links to terrorist organizations.

"While many terrorist links to TOC are opportunistic, this nexus is dangerous, especially if it leads a TOC network to facilitate the transfer of weapons of mass destruction material to terrorists."

The implementation of the strategy will be overseen by the Interagency Policy Committee on Illicit Drugs and Transnational Criminal Threats, led by the National Security Staff and the Office of National Drug Control Policy.

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Lionel Messi was voted the inaugural winner of the UEFA Best Player in Europe Award on Thursday, which replaces the European Footballer of the Year award.

The Argentine striker beat Barcelona teammate Xavi Hernandez and Real Madrid's Cristiano Ronaldo in a poll of 53 sports journalists representing each of the UEFA member associations.

I'd like to thank all the people that voted for me, and all my teammates, Messi said at the awards ceremony in Monaco.

I keep all these awards at home and I still have some space for more. It's an honor to be so successful and to come up with the goods at the right time. Thanks to my teammates for helping me achieve this.

Messi, 24, scored 53 goals last season, including 12 in the Champions League, where he finished as the top scorer for the third season in succession, scoring in the 3-1 victory over Manchester United in the final.

Four Barcelona players were in the top 10, with Andres Iniesta fourth and Gerard Pique joint eighth.

Porto's Falcao was fifth, the Manchester United pair Wayne Rooney and Nemanja Vidic sixth and seventh, Zlatan Ibrahimovic of AC Milan alongside Pique in eighth and Germany keeper Manuel Neuer, who has moved from Schalke to Bayern Munich, 10th.

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NASA's Gravity Recovery And Interior Laboratory (GRAIL) is in final launch preparations for a scheduled Sept. 8 launch from Cape Canaveral Air Force Station in Florida, the space agency announced Thursday.

GRAIL's twin spacecraft are tasked for a nine-month mission to explore Earth's nearest neighbor in unprecedented detail. They will determine the structure of the lunar interior from crust to core and advance our understanding of the thermal evolution of the moon.

The spacecraft twins, GRAIL A and B, will fly a circuitous route to lunar orbit taking 3.5 months and covering approximately 2.6 million miles (4.2 million kilometers) for GRAIL-A, and 2.7 million miles (4.3 million kilometers) for GRAIL-B.

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In lunar orbit, the spacecraft will transmit radio signals precisely defining the distance between them. Regional gravitational differences on the moon are expected to expand and contract that distance. GRAIL scientists will use these accurate measurements to define the moon's gravity field. The data will allow mission scientists to understand what goes on below the surface of our natural satellite.

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Russian Soyuz rockets have been grounded until the reasons of Wednesday's loss of a Progress cargo ship are established, a space industry source told Interfax news agency Thursday.

A decision has been made to suspend space launches of the Soyuz rockets until the reasons behind the failed launch are established, the source said.

So far the Russian space agency Roscosmos hasn't confirmed the suspension. But the space authorities have put off Thursday's launch of a Soyuz-2 carrier rocket from the Plesetsk Space Center in northern Russia, said the commander of Russian Space Troops Gen. Oleg Ostapenko.

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The launch of the Soyuz-2, which would send a Glonass-M navigation satellite to the orbit, was postponed to September, said Ostapenko.

The commission in charge of the Glonass-M launch will have to make a final decision within the next few hours, he said.

Meanwhile, the launch of a manned space ship from Baikonur space center in Kazakhstan was also likely to be postponed until the second half of October, said a well-informed source at Baikonur.

On Wednesday, the Progress M-12M cargo ship failed to reach the orbit after the engine of the Soyuz-U carrier rocket was turned off during the ascend.

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Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday bounced off the biggest drop since March 2008, as the weakness in stock market enhanced appeal of gold as a safe-have investment.

The most active gold contract for Dec. delivery gained 5.9 U.S. dollars, or 0.3 percent, to 1,763.2 dollars per ounce. The metal suffered on Wednesday the biggest one-day drop since March 19, 2008.

Market analysts said that gold extended losses in earlier trading, hit by a margin-requirement increase, but the drop in global stock market gave a push to the metal. Both Dow Jones industrial average and S&P 500 declined on Thursday after a 3-day rise as a government report showed U.S. jobless claims rose last week.

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Besides, market hearsay went that Germany might be next to get a sovereign-debt downgrade, adding to the positive tone on gold market. German equity market also suffered sharp drop in the day.

Many market watchers remained long-term bullish attitude toward gold although they said the precious metal could correct further in the short term. A trader noted that the fundamental factors driving uncertainty and fears are all still there.

Expectations are growing that the Federal Reserve Chairman Ben Bernanke would not provide any form of stimulus in a speech scheduled for Friday at a yearly gathering of central bankers in Jackson Hole.

Silver for Sept. delivery also rose 1.583 dollars, or four percent, to 40.745 dollars per ounce. Platinum for Oct. delivery lost 3.9 dollars, or 0.2 percent, to 1822.4 dollars per ounce.

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The U.S. stocks lost steam on Thursday while gold gained ground as nervousness returned to the market before Federal Reserve Chairman Ben Bernanke gives his highly-anticipated speech on the economy and policy on Friday.

All major indexes ended firmly in negative territory, breaking a three-day winning streak. The blue-chip Dow Jones industrial average lost 170.89 points, or 1.51 percent, to 11,149.82. The Standard & Poor's 500 fell 18.33 points, or 1.56 percent, to 1,159. 27. The Nasdaq Composite Index dropped 48.06 points, or 1.95 percent, to 2,419.63. Gold futures bounced back late Thursday after plummeting as much as 11 percent in two days as investors fled stocks and into the safe haven.

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Gold for Dec. delivery added 5.90 dollars to close at 1,763.20 dollars an ounce at the Comex division of the New York Mercantile Exchange.

Cautiousness was apparently seen in the market on Thursday. With all eyes on Bernanke, analysts said that those who expected the central bank head to launch another round of asset purchases are likely to be disappointed. Meanwhile, investors also seemed to factor in the possibility that Bernanke may just reiterate Fed's readiness to boost the economy rather than announce QE3 in his Friday's speech.

Weak jobs data weighed on sentiment as well. According to the Labor Department, the number of people applying for unemployment benefits unexpectedly climbed by 5,000 to 417,000 in the week ended Aug. 20. However, the department also said that the jump in initial claims was mainly because of a labor dispute at Verizon Communications.

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Among those stocks in focus, Bank of America ended the session nearly 10 percent higher after soaring more than 20 percent in earlier session as Warren Buffett's Berkshire Hathaway announced it will invest 5 billion dollars in the bank.

Apple ended moderately lower as investors recovered from the shock that Apple's iconic chief executive officer Steve Jobs announced his resignation.

In other markets, the U.S. dollar traded mixed against major currencies in late New York trading while oil prices edged up on concerns over the incoming Hurricane Irene.

Light, sweet crude for Oct. delivery added 14 cents, or 0.16 percent to settle at 85.30 dollars a barrel on the New York Mercantile Exchange.

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The U.S. dollar traded mixed against major currencies in late New York trading on Thursday as U. S. job data came in disappointed and European debt problems worried investors and hurt the euro.

The U.S. Labor Department said that new applications for U.S. unemployment compensation last week rose 5,000 to 417,000. The weak job data hurt U.S. stock markets and lifted the dollar which is regarded as traditional safe-haven currency.

Investors still focused on the upcoming central bank annual meeting this Friday. The dollar gained as many investors anticipated no third round of quantitative easing policy announced in this meeting. the dollar index advanced 0.33 percent to 74.25.

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Meanwhile, the European debt problems again caught investors' attention. The yield of Greek 2-year notes topped 43 percent during Thursday's session, up from an already sky-high 20 percent not that long ago, as investors worried that the country's sovereign debt default risk is mounting.

In late Thursday trading, the dollar bought 77.55 yen, comparing with 77.01 yen late Wednesday, and the euro fell to 1. 4368 dollars from 1.4421.

The British pound also fell to 1.6281 dollars from 1.6374. The dollar fell from 0.7947 Swiss francs to 0.7939, and also fell to 0. 9882 Canadian dollars from 0.9883.

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Crude prices edged up on Thursday as U.S. weekly job data came in disappointing, while Warren Buffett's move to invest 5 billion dollars in the struggled Bank of America lifted investors sentiment and refineries shut some production, preparing for the coming Hurricane Irene.

The crude prices tracked the equities and fluctuated on mixed news.

The Labor Department said that U.S. initial jobless claims rose 5,000 last week, against economists' forecast of a reduction, which weighed on the markets. And Apple Inc. CEO Steve Job's resignation also posed pressure.

Besides, the dollar rose to a three-week high against the yen and gained about 0.3 percent against a basket of currencies. Usually, a stronger dollar means lowered oil prices.

But Buffet's bet on Bank of America eased other investors' concerns about financing difficulties in the U.S. biggest bank and therefore lifted the markets. And investors remained cautious optimistic about that Ben Bernanke will unveil stimulus policy on Friday.

On the east coast, the refineries started to prepare for Hurricane Irene with less production.

Light, sweet crude for October delivery gained 14 cents, or 0. 16 percent to settle at 85.30 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for October delivery also rose and last traded around 110 dollars a barrel.