DUBAI

The ship formerly known as the Exxon Valdez

Exxon Valdez, Marking Anniversary of Famous Spill, Slated to Be Scrapped

Nearly 23 years to a day after an overworked mariner crashed it into a reef, causing it to spill hundreds of thousands of barrels of oil into the pristine Alaskan sea, the bulker formerly known as the 'Exxon Valdez' is being retired and sold for scrap. In an ironic twist, the ship at the center of one of the most infamous environmental disasters ever will be recycled in a process called one of the greenest by an executive in the vessel demolition world.

China To Raise Fuel Prices Amid Easing Inflation

The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs
China will raise its heavily regulated retail gasoline and diesel prices Tuesday by 6.4 percent and 7 percent, respectively, marking the biggest increase in 33 months, according to the National Development and Reform Commission.
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President Bashar al-Assad

Where Will Syria’s Assad Find Asylum?

The country that is perhaps most intimately connected with offering a haven for brutal (and unemployed) dictators is the kingdom of Saudi Arabia.
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Oreo Celebrates 100 Years: Set Your Inner Kid Loose

Everyone's favorite Nabisco cookie, the Oreo, turned 100 on Tuesday. The iconic cookie sandwich has survived two World Wars, the Great Depression, the Cold War and Middle East turmoil.
Members of the Free Syrian Army are seen deployed in al-Bayada district in Homs

Red Cross Convoy Enters Homs Amid Syria Massacre Fear

A Red Cross aid convoy prepared to enter the shattered Baba Amro district of the city of Homs, Syria, on Friday after a government official declared the area cleansed and the opposition spoke of a massacre by President Bashar al-Assad's forces. Rebels withdrew Thursday in a key moment in the year-old uprising.
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U.S. targets Dubai bank over Iran dealings

The U.S. government has forced Dubai-based Noor Islamic Bank to stop channeling billions of dollars from Iranian oil sales through its accounts, part of Western measures to curb Tehran's disputed nuclear program.
Saif al-Adel

Saif al-Adel: Was the al-Qaeda Leader Really Captured?

Mohammed Ibrahim Makkawi was arrested in Cairo on Wednesday. But which Mohammed Ibrahim Makkawi was it? The al-Qaeda apostate or the militant leader behind the 1998 U.S. embassy bombings?
Dodge Dart

Chrysler Expands Mopar Service Arm Into Argentina, Brazil

Seventy-five years ago, Mopar began as a name for an antifreeze product. That antifreeze brand has grown into the global automobile parts and service arm of Chrysler Group LLC, and its latest announcement further expands its global footprint.
An HSBC bank branch is seen near the Burj Khalifa tower in Dubai

HSBC Set for $22B Profit as Asia Lines the Clouds

HSBC Holdings is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
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U.S. Eyes V-22 Aircraft Sales to Israel, Canada, UAE

The U.S. government is eyeing Israel, Canada and the United Arab Emirates as possible initial foreign buyers of the V-22 Osprey, a tilt-rotor aircraft built by Boeing Co and Bell Helicopter, a top U.S. Marine Corps official told Reuters.
900,000 Lives Saved Globally by HIV and TB Treatment Integration: WHO

Anti-Internet Regulations to be Considered by U.N. Body

The International Telecommunication Union could pass new anti-Internet regulations by the end of the year, threatening new controls to stifle free speech. Starting at the end of February, Russia, China and many other countries will gather representatives in Geneva, Switzerland, to re-work a 1988 decision that has given rise to the open Internet many around the world have greatly benefited from.

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