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Sarkozy hosts Internet summit

May 24, 2011
The world's most powerful Internet titans, including heads from Google, Facebook, and Microsoft, are meeting in Paris for a two-day summit hosted by French President Nicolas Sarkozy.

Why do we care who heads the IMF?

May 23, 2011
France's foreign minister is the current favorite to take over as head of the IMF, but with Mexico's nomination of their central bank chief, some emerging economies are pushing for better representation.
Posted In: Banks

Iceland restricts flights after volcanic eruption

May 23, 2011
Iceland's authorities closed the country's main airports following a volcanic eruption. Last year, a similar eruption grounded flights for days, and that took a big bite of the airline industry's bottom line.
Posted In: Airlines

2012 Olympic attendees vie for Bolt tickets

May 20, 2011
London's summer Olympics are more than a year away, but ticket requests are already flooding in to see Jamaican champion Usain Bolt. But with many tickets going automatically to sponsors, fans may not get to see the event.
Posted In: Sports

Japan falls back into recession

May 19, 2011
Japan's economy shrank in the first quarter, pushing the country back into recession. Production and consumer spending were hit by the March earthquake and tsunami.

South Africans vote for housing, clean water

May 18, 2011
Citizens of South Africa are voting today in local elections. These elections are expected to come down over issues of poverty, and not the traditional issue of race.

Rosneft pulls out of BP deal

May 17, 2011
Russian state oil company Rosneft is dropping out of a deal with BP, leaving BP's investors concerned over the company's leadership.
Posted In: Oil

Moet Hennessy to make bubbly in China

May 13, 2011
The wine and spirits arm of France's LVMH luxury group announced yesterday it's planning its first vineyard in China to produce a premium sparkling wine.
Posted In: Food

Galliano's racism trial set for June 22

May 12, 2011
British fashion designer John Galliano is scheduled to go on trial June 22 for allegedly making public anti-semitic remarks.

Lawmakers question U.S. support of Pakistani counter-terror programs

May 11, 2011
After Osama bin Laden's death, many American politicians are reevaluating the U.S.'s roll in funding counter-terrorism efforts in Pakistan.

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