While a real war in Libya is unfolding, a much less serious event took place in Berlin, where a pillow fight flash mob suddenly appeared in front of the German capital's iconic Brandenburger Tor and engaged in a large scale pillow fight.
U.S. President Barack Obama said his country will relinquish its leading role in the Western alliance against Libya’s Moammar Gaddafi within days in order to guarantee that the responsibility of enforcing the UN-mandated “no fly zone” resolution Gaddafi is shared by various nations
The Dow Jones Industrial Average climbed back above 12000, boosted by a major telecommunications deal and a jump in energy stocks as oil prices leapt.
Coalition forces targeting Libya are working to expand a no-fly zone south and west of Benghazi and are generally achieving their aims and Libyan leader Muammar Gaddafi is not a target even as the coalition struck one of his compounds in Tripoli, the U.S. commander organizing the coalition's military strikes said Monday.
Forces in Libya loyal to Moammar Qaddafi are reportedly using foreign journalists as human shields in order to prevent air strikes by western militaries that are reluctant to be accused of bombing civilians.
The World Bank is rethinking its role in the Middle East and North Africa to tackle economic and social problems that sparked political unrest, the bank's President Robert Zoellick said on Monday.
Oil prices rose 1 percent on Monday as spreading unrest in the Middle East intensified concerns about potential threats to the region's oil supply and U.N.-mandated air strikes kept flow reduced from OPEC-member Libya.
Oil prices rose more than 1 percent on Monday as U.N.-mandated airstrikes on Libya and spreading protests and unrest in the Middle East reinforced concerns about potential threats to oil supply from the region.
The crisis in Libya has led to the revelation of a rare public disagreement between the two most powerful political leaders in Russia, according to the RIA Novosti news agency.
U.S. Secretary of Defense Robert Gates said on Sunday that the U.S. will not have the top role in military action Libya and is expecting that other nations in the coalition will take the lead, although the U.S. will continue to provide some military support.
Commodities trader Glencore is seen clinging on to plans for a bumper London listing by the end of May, despite global stock market uncertainty, according to a Reuters poll of fund managers.
The head of the Arab League said on Monday that the group respected the U.N. resolution authorizing military action in Libya, a day after criticizing the coalition of nations which has been bombing Iraq since Saturday.
The real war has started in Libya with the allied forces pounding Gaddafi strongholds and military installations with missiles and bombs. The future of International Oil Companies (IOC) operating in Libya has come under increased pressure with this turn of events.
In RBC Capital Markets' 'Generally Speaking' edition defense and geopolitical adviser General Charles Vyvyan has discussed in detail the action plan laid out in the United Nations Resolution 1973 pertaining to Libya and its potential consequences.
Oil prices rose by over $2 a barrel on Monday as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region.
Wall Street rose sharply on Monday, led by telecom stocks after AT&T said it would buy T-Mobile from Deutsche Telekom, a deal that would create the largest wireless operator in the United States.
Gold prices jumped vs. a falling Dollar at the start of Asian trade on Monday, hitting near-two-week highs for US investors as crude oil also leapt following the weekend's joint UN air strikes on Libya.
U.S. stock indexes were set to rise more than 1 percent at the open on Monday as investors welcomed AT&T's proposal to buy T-Mobile from Deutsche Telekom, a deal that would create the largest mobile operator in the United States.
An air strike by western coalition forces upon the Libyan capitol Tripoli has reportedly destroyed a three-story building which was a command center used by Moammar Gaddafi.
Oil prices rose by over $2 a barrel on Monday as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region.
Wall Street stock indexes were poised to rise more than 1 percent at the open on Monday as investors welcomed AT&T's proposal to buy T-Mobile from Deutsche Telekom.
Stock index futures indicated a Wall Street rise of about 1 percent at the open on Monday after last week's sell-off as investors welcomed a deal by AT&T to buy the T-Mobile business from Deutsche Telekom.
