Palash Ghosh

The suspect in the shooting deaths of two U.S. airmen at the Frankfurt airport yesterday has confessed to targeting the American military, according to German security officials.

The ongoing violence in Libya will cost Russia a $4-billion payday from an arms deal it had earlier agreed to with Moammar Gaddafi, according to the Interfax news agency, quoting Sergei Chemezov, head of the state holding company that controls arms exports.

The Dutch Defense Ministry announced that three of its marines have been captured in Libya by troops loyal to Moammar Gaddafi, while participating in an operation to help evacuate foreigners out of the country.

Oil production in Libya has been cut in half due to nationwide civil unrest, according to Shukri Ghanem, chairman of the National Oil Corp.

The chief prosecutor of the International Criminal Court (ICC), Luis Moreno-Ocampo, said he will investigate alleged war crimes committed by Libyan strongman Moammar Gaddafi, his sons and his top associates in government during the ongoing unrest in the country.

Egypt's Prime Minister Ahmed Shafiq has resigned, according to the country’s ruling military council.

Britain, France and Tunisia have started airlift thousands of Egyptians stuck at the Libya-Tunisia border to safety in Cairo, in response to pleas from the United Nations (UN) to prevent a humanitarian crisis.

U.S. stocks edged up higher on some positive jobs data and reassurance from the Federal Reserve that the economy is recovering.

Libya’s embattled leader Moammar Gaddafi has offered amnesty and some other concessions to anti-government rebels who turn in their weapons.

The Securities and Exchange Commission (SEC) is proposing regulations to put a clampdown on large bonuses handed out banks, brokerages and hedge funds as part of the Dodd-Frank financial reform package.

The United Nations (UN) has warned that up to100,000 African migrants may seek to escape strife-torn Libya and cross into poverty-stricken Niger in the next few weeks, fearing they may be killed by anti-Gaddafi Libyans who believe they are mercenaries.

The chief financial officer of Ford Motor Co. (NYSE: F) has warned that in the absence of government subsidies, electric cars might be so expensive that only the wealthy will be able to afford them.

March 2, 1011. Prepared at the Federal Reserve Bank of Atlanta and based on information collected on or before February 18, 2011.

The text of Wisconsin Governor Scott Walker’s speech regarding the budget:

About 350 illegal migrants from Tunisia have reached Italy by boat, raising fears of more people strife-torn North Africa will try to cross the Mediterranean for Europe.

Two people, including an American soldier, have been shot to death on a bus carrying US soldiers at the airport in Frankfurt, Germany.

The municipal bond market could see up to $100-billion in defaults over the next five years as state and local government debt woes get worse, according to a report from Roubini Global Economics.

Bangladesh’s central bank has removed Muhammad Yunus as head of the Grameen Bank, which became world famous as a micro-lender, a provider of loans to poor people.

Jimmy Manyi, the spokesperson for the government of South Africa, has come under fire for perceived racialist comments he has made about the country’s mixed race people and about Indian immigrants.

Suze Rotolo, who became a 1960s icon by appearing on the cover of Bob Dylan’s classic “Freewheelin’” album, has died in New York at the age of 67.

Fears of a supply disruption arising from continued unrest in Libya have pushed up oil prices, but a leading Libyan oil official warns they could spike even higher if there is no immediate resolution to the ongoing violence.

The United Nations has called for an epic humanitarian evacuation of people seeking to escape Libya for Tunisia, citing the “crisis point” conditions at the border between the two countries.

Non-Libyan Africans are reportedly becoming the target of revenge killings in Libya, owing to the perception that foreigners form a large part of Moammar Gaddafi’s mercenary force paid to kill anti-government protesters,

Eastern Europe and the countries that were formerly part of the Soviet Union have the highest rates of alcohol consumption in the world, according to a report by the World Health Organization (WHO).

U.S. auto sales rose more than 20 percent in February as the lure of discounts from automakers led by General Motors Co (NYSE: GM) outweighed concerns about higher oil prices.

At least three more Tunisian government ministers have quit their posts following the resignation of the interim Prime Minister on Sunday, according to the state news agency, Tunis Afrique Presse.

Iranian security forces have reportedly fired tear gas at anti-government protesters attending a rally in Teheran.

International Business Times spoke to Dilshod A. Achilov, a professor of political science at East Tennessee State University, in Johnson City, and an expert on the Middle East and Islam about the feasibility of Arab nations emulating the models found in Turkey and Indonesia. Here is part 2 of the interview:

International Business Times spoke to Dilshod A. Achilov, a professor of political science at East Tennessee State University, in Johnson City, and an expert on the Middle East and Islam about the feasibility of Arab nations emulating the models found in Turkey and Indonesia. Here is part 1 of the interview: