King Abdullah of Saudi Arabia - jointly the world's biggest oil producer alongside Russia, and so far immune to the civil unrest sweeping North Africa and the Middle East - returned from hospital treatment abroad to announce a near US$38 billion package of new housing projects, a 15% pay-rise across the board, and the kingdom's first-ever unemployment insurance.
Governments around the world scrambled on Wednesday to send planes and ships to evacuate their citizens from turmoil in Libya, whose leader Muammar Gaddafi has vowed to crush a revolt against his 41-year rule.
In the muggy forest of central Liberia, a gang of workers is inching its way along a railway track, cut long and straight through an otherwise impenetrable mesh of trees and vines. The drone of insects is interrupted by a high-pitched drill and the clang of hammers as workers put the finishing touches to the perfectly aligned steel tracks.
PC giant Hewlett-Packard Co's quarterly sales and outlook came in below Wall Street expectations, sending its shares down 11 percent in the afterhours trading on the NYSE.
Russia's membership in the World Trade Organization (WTO) will be in focus as Prime Minister Vladimir Putin meets European Union leaders on Thursday, but business leaders and trade officials from the U.S., EU and the WTO think Russia's entry is going to be difficult, the Wall Street Journal has reported.
Kosovo's parliament elected a Kosovo-Swiss businessman with close ties to Moscow as president on Tuesday as part of a power-sharing deal following December elections in the impoverished Balkan country.
President Dmitry Medvedev warned on Tuesday that Islamist extremists were trying to rip Russia apart and that a wave of unrest across the Arab world could spark decades of strife by ushering fanatics into power.
South Africa will export 4 million tonnes of surplus maize to the world's biggest emerging markets but wants to ensure security of food supplies in southern Africa first, a minister said on Tuesday.
Russia has stopped receiving tourists in the Russian republic of Kabardino-Balkaria region, a popular ski resort, after a supposed terrorist attack on a tourist mini bus claimed lives of atleast three people on Saturday.
At a time when the Middle East political tensions increasingly weigh on global oil markets, Russia has made significant advances at the expense of the traditional Gulf-Arab oil exporters.
As anti-government protests sweep across Libya, even entering the once-tranquil capitol of Tripoli, and major foreign oil companies suspend or withdraw operations in the wake of civil unrest, there are many unanswered questions.
BP plc (NYSE: BP) has announced that it is suspending its drilling activities in Libya due to the rising tide of political violence in that country and also plans to evacuate non-essential staff and their families.
Russia’s leading search engine Yandex is set to raise $1 billion through an initial public offering on the NASDAQ stock exchange.
A draft statement by Group of 20 finance ministers lists four indicators including the current account for measuring global imbalances, Russia's deputy finance minister said on Friday.
Libya said on Friday that it has decided to postpone indefinitely the 23rd summit of Arab League, a 22-member forum representing Arab nations, said a media report.
The price of large, wholesale Gold Bars continued rising for US investors on Thursday, ending London trade at a 5-week high of $1383 per ounce as world stock markets held flat and the Dollar slipped on the currency market.
Satellite images show North Korea has likely completed a second long range missile launchpad, an expert said on Thursday, amid U.S. concerns that Pyongyang's ballistic missile programme is fast becoming a direct threat.
The most energetic solar flare in five years is expected to unleash a powerful magnetic storm that will come down to Earth on Friday, said a media report.
GM plans introduce more than 20 new and upgraded models over the next two years in China, saying the country plays an important role in the automaker's global strategy.
Chairman of British Fashion Council, Harold Tillman, may put up fashion brand Jaeger for sale after receiving several offers for the company.
The growth outlook for major industrialised economies is picking up, although big differences in momentum remain between countries, the OECD's leading indicator for December showed on Monday.
Russian gas giant Gazprom is the “least respected” public company in the world, as selected by a group of U.S. money managers in a survey conducted by Barron’s magazine.