Persian Gulf oil producing nations are prepared to compensate for any loss of oil in the world market, a senior Saudi official said after Iran amped-up its rhetoric Tuesday about blocking the Strait of Hormuz, a key supply route for the world’s oil.
Who will be the five people to shape 2012? It could be anyone on list, or it could be none of them. Such is the state of geopolitics at this important moment in history.
In a press release, the FBI released its top terrorism cases this year.
Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Qatar – as well as Iran - use the Strait to transport oil and/or natural gas exports.
A gaunt and breathless George Michael tearfully thanked his doctors and fans on Friday for seeing him through a touch and go battle with pneumonia.
The year began with a shooting in Tucson, Ariz., that left six people dead and 14, including U.S. Rep. Gabrielle Giffords, injured, and it ended with the last troops coming home from Iraq. It began with Congress deadlocked over spending and taxes and ended with Congress, well, deadlocked over spending and taxes.
Herewith follows some of my predictions for what may happen in 2012 with respect to some key foreign countries.
The incredible events of 2011 will likely influence global history for decades to come.
European stocks rose to their highest in two weeks on Friday, tracking Wall Street gains as the U.S., the world's biggest economy, showed further signs of recovery, especially in the labor market.
The TSX finished higher for a third-straight session on Thursday as worries over European bank lending eased and U.S. economic data pointed to gradual economic improvements, sending financial and energy issues up sharply.
U.S. February crude jumped 90 cents to $99.57 per barrel after reaching a high of $99.87. Brent February crude rose 46 cents to $108.17 per barrel. Trading volumes were light. The oil price increase was different than a week ago when Europe concerns pushed prices below $100.
Occupy Wall Street registers as one of the biggest surprises of 2011. Despite constant criticisms that it lacked a concrete set of goals or demands, Occupy Wall Street's broad critique of economic injustice resonated with a country still grappling with the fallout from the financial crisis. A timeline of the movement.
On the old TV show, The Twilight Zone, people would often wake up to find that the world had changed in some weird and inexplicable way. The holidays are kind of like that. Our music tastes, our fashion, and even our work habits, are temporarily transformed.
TLC announced at the end of this week's Next Great Baker episode that contestant and Iraq War veteran Sgt. Wesley Durden had died -- not mentioning that it was reportedly of a self-inflicted gunshot wound.
Army Sgt. Wesley Durden Jr., a former contestant on TLC's reality show Next Great Baker, was shown voted off the show on Monday night's episode. However, Durden, a Jacksonville native, completed suicide back in October after production ended, according to reports.
Hashemi is forbidden to leave the country.
For anyone who follows film, television, publishing and newspapers -- our culture industry -- Robert Levine, the former editor of Billboard and a New York Times alum, has written a must-read book.
Whether it involves embarrassing tweets, tone-deaf CEOs or even the disappearance of money, some oops moments need be relived just one more time.
Prosecutors have been aggressively enforcing the Foreign Corrupt Practices Act over the last several years to combat overseas bribery, hitting a peak of 48 lawsuits in 2010. Now the U.S. Chamber of Commerce is leading the effort to narrow the scope of the law.
The arrest symbolizes rising sectarian tensions in Iraq.
Iranian state television on Sunday aired what it described as the confession of an Iranian man detained for spying for the CIA.
The last convoy of U.S. soldiers pulled out of Iraq on Sunday, ending nearly nine years of war that cost almost 4,500 American and tens of thousands of Iraqi lives and left a country still grappling with political uncertainty.