The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
Best Buy has fallen on hard times in a sluggish economy, suffering a dismal drop in sales and an overall $1.2 billion loss over the last fiscal year. The electronics giant announced Thursday that it will close 50 stores and cut 400 jobs at its Richfield, Minn., corporate headquarters, hoping to save $800 million over the next three years in order to stay afloat.
Some 18 people were killed during a fire and riot in a Honduras prison on Thursday. The incident was the latest in a long string of similar incidents in Latin America, where overcrowded prisons sometimes lead to tragedy.
Now that new RIM CEO Thorstein Heins has shown he's taking aggressive action, here are some more ways to turn RIM around.
As the digital age reaches the dormant stage of social adaptation, having left its mark on the daily process of culture at large, can we add viralism or another digitally referential marker to our collective art discourse? Moreover, is viral a relevant -- let alone acceptable -- aesthetic stance?
Palladium prices are set to soar this year, buoyed by high levels of speculative buying, unwavering industrial demand and the general upward price pressure commodity metals are seeing in a zero-interest rate environment, according to a report issued Thursday.
News Corp's plan to start a national sports network will ultimately drive up television rights costs.
An Iranian organization called the Mojahedin-e-Khalq, or MEK, considered a terrorist organization by the United States, is paying hundreds of thousands of dollars to former American officials and politicians. But where is the money coming from?
What if the Unites States (a much larger and more powerful nation than Greece) were to face a similar crisis as the Greeks?
The saga of French Muslims took an ugly turn earlier this month when Islamic militant Mohamed Merah was identified as the gunman in mass killings in Toulouse that appeared to have been driven by bias.
Ahead of next month's French presidential election, incumbent president Nicolas Sarkozy has already complained that there are too many immigrants in France.
Abercrombie & Fitch is known for its use of homoerotic imagery in its advertisement campaigns and editorial spreads. In a new steamy clip, the clothing brand goes one step further by featuring hunky male models wrestling, showering and even kissing. Will this bold advertisement revamp the brand?
Wednesday's successful protests in defense of Balwant Singh Rajoana evince a longstanding tension between Sikhs and other religious groups in India.
Apple (Nasdaq: AAPL) CEO Tim Cook’s visit to China isn’t for sightseeing. Rather, the new boss has met Vice Premier Li Keqiang, who may be the next Premier of China, as well as other officials.
The Trayvon Martin case continues to become further polarized as fallout builds after the 17-year-old's death. From hoodies to trademarks to forced relocation, it seems as if the Trayvon Martin case is churning in a pressure cooker ready to explode.
Investors wonder if Research In Motion Ltd., which reports quarterly results Thursday, can rebound from recently anemic performance due to falling sales of its BlackBerry device. RIM's turnaround is being led by Thorsten Heins, who took over as CEO in January.
British national Neil Heywood, 41, was found dead at a hotel in China last November. Now the connection between Wang Lijun's defection, Bo Xilai's sacking and Heywood's death is being pieced together by a number of sources, offering new hints in an increasingly complicated puzzle.
Undeterred by a federal investigation into his peers, former New York Mayor Rudolph Giuliani has shown unwavering support for an Iranian dissident group called the People's Mujahedin of Iran, also known as the Mujahedin-e Khalq or MEK.
Facebook (NYSE: FB), the No. 1 social network that wants to complete its initial public offering, is spending more on lawyers these days.
Himmler, responsible for the deaths of millions of innocent people, was also a highly complex and fascinating man. He was obsessed with India and Hinduism.
The National Enquirer stunned everyone by claiming that Nick Gordon was Whitney's drug dealer, but the evidence looks a bit limp.
Gold-mining stocks may be the most attractive way for investors to boost their stake in gold, especially if they are concerned about inflation. Investing profitably is not simply a matter of picking an attractive asset -- the asset must also be purchased at an attractive price.
While the full bill won't be in effect until 2014, the health care overhaul has already benefited millions of Americans, according to the Obama administration.
The shooting and death of Trayvon Martin has not only shaken the moral and constitutional foundations of Florida's self-defense Stand Your Ground law, but it has also affected the entire nation. George Zimmerman, of Caucasian and Hispanic descent, shot and killed the 17-year-old African American on Feb. 26 while he was walking home to his father's house after going to a nearby store to buy candy. Zimmerman, a neighborhood watch captain, has not yet been charged in the shooting.
Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.
Syria fits the bill of a nation that has made most of its friends by virtue of having common enemies. There is probably no other way to explain how this fiercely secular Arab nation has been commanding tremendous support from the religious fanatics that routinely make Iranian governments.
The Chinese government is moving quickly to censor Internet rumors of an internal coup in Beijing following the high-profile dismissal of top Communist Party leader Bo Xilai last week.
A woman’s group has mounted spirited opposition to a prospective nomination of former Secretary of the Treasury Lawrence Summers, 57, to be president of the World Bank.
Much of the Algerian public remains burdened by poverty, high unemployment, poor public services and entrenched government corruption.
A Zimbabwe court judge announced that six activists who had been arrested for watching videos of the Arab Spring would not be sent to jail. Autocratic politicians there may be learning a lesson from uprisings abroad: the importance of restraint.
