Palash Ghosh

Benghazi, on the eastern region of Libya is reportedly in the hands of anti-government protesters after much bloodshed and fighting with Gaddafi-backed mercenaries and troops.

Reports from Libya claim heavy fighting in the capitol city of Tripoli with anti-government protesters coming under heavy gunfire from troops and mercenaries in support of leader Moammar Gaddafi.

Besieged Libyan leader Moammar Gaddafi has chemical and biological weapons at his disposal and would not hesitate to use them against his opponents, warned the country’s former Justice Minister Mustafa Abdel Galil, according to various media reports.

Political leaders around the world have almost universally condemned the government of Moammar Gaddafi for its brutal crackdown against anti-government protesters. At least 3000 people have died in the bloodshed that appears to be getting worse by the day.

Readout of President Obama’s Calls with President Sarkozy of France, Prime Minister Cameron of the United Kingdom and Prime Minister Berlusconi of Italy

Amidst reports of thousands of deaths in Libya as a result of a brutal crackdown against protesters, the United Nations (UN) Human Rights Council is meeting in a special session in Geneva, Switzerland today to discuss possible sanctions against Moammar Gaddafi’s embattled government.

After two years of interest rate cuts, Russia’s central bank has raised its key interest rate over fears of rising consumer price inflation.

It will be awfully hard for William and Kate’s nuptials to match the intense media coverage and global impact of another Royal Wedding from thirty years ago -- when William’s parents Prince Charles and Lady Diana Spencer were married

British government officials have uncovered billions of pounds of assets that Libyan leader Moammar Gaddafi and his regime have deposited in London banks and will immediately seek to freeze them within days.

The South African water ministry has issued a warning that acidic water seeping from abandoned gold mines under Johannesburg could rise and leak into the city early next year and contaminate groundwater.

The U.S. Air Force has awarded a $35-billion contract to Boeing Co. to (NYSE: BA) build a fleet of aerial fueling tankers in favor of its rival EADS (European Aeronautic Defense and Space Co.) ending a three-year epic battle, according to a report in The New York Times, quoting politicians and industry executives.

Oil traders are citing unconfirmed rumors that Libyan leader Moammar Gaddafi was shot to explain a sudden downward reversal in oil prices today.

In honor of George Harrison’s birthday (February 25), we present a series of photos spanning the life and career of the “Quiet Beatle” who tragically passed away in November 2001, aged only 58.

As promised, the president of Algeria Abdelaziz Bouteflika has officially lifted a 19-year-old state of emergency, one of the principal demands issued anti-government forces.

Shares of General Motors (NYSE: GM), despite having delivered its first profitable year of operations since 2004.

Former Alaska Governor and potential 2010 Republican Presidential candidate Sarah Palin has blasted the White House and Barack Obama for not showing more support for the Libyan people in their demonstrations against Moammar Gaddafi.

A controversial German banker who has long criticized Germany’s welfare system as a drain on society apparently has a son who receives state benefits.

Moammar Gaddafi’s daughter, Aisha, has denied reports that she sought to escape the riot-torn country by fleeting to exile in Malta.

Commodity analysts at Nomura Holdings Inc. said. Brent crude prices could double to $220 per barrel in the coming weeks if Libya descends into an all-out civil war and further shuts down oil production in the country.

Orders for durable-goods items rose 2.7 percent in January, the first such increase since September, reported the Commerce Department said. However, the higher demand was largely due to the aircraft sector.

New home sales dropped more than expected in January, almost erasing the gains witnessed in December. The Commerce Department said new-home sales fell to a seasonally-adjusted annual rate of 284,000 (well below expectations of 300,000) and down 12.6 percent from the revised figure of 325,000 recorded in December.

The leader of Libya Moammar Gaddafi has appeared on state TV and alleged that al-Qaeda chief Osama Bin Laden and his followers are behind the protests and revolts in the country.

Initial jobless claims applications dropped to 391,000 for the week ended February 19, down from 413,000 in the previous week, according to the Labor Department, a sign that the labor market is finally showing some signs of strength,

Oil prices continue to rise amidst fears that violent unrest in Libya will not only cut off supplies from that nation, but perhaps spread to other, larger oil producers, including Saudi Arabia.

A Serbian ex-police chief has been sentenced to 27 years in prison in connection with the mass murder of more than 700 ethnic Albanians in Kosovo in 1999.

Bonuses paid out to Wall Street executives declined in 2010, according to New York Comptroller Thomas DiNapoli.

Stocks sank for a second consecutive day in tandem with oil prices surging to 28-month highs as continued turmoil and violence in Libya shatters traders nerves.

A Wikileaks document also reported that the Libyan government had received (and rejected ) investment offers from Bernard Madoff and Allen Stanford, two men were involved in huge Ponzi schemes.

Wall Street's financial giants continue to pose major risks to the U.S. economy, and must be broken up to avoid another meltdown, Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday.