A billionaire from Russia's new breed of entrepreneurs is investing heavily in a Canadian auto parts giant, and the ultimate target of the deal may be a buyout of iconic U.S. carmaker Chrysler.
Europe is withdrawing its challenge to America's GPS — for now. Ongoing squabbles between backers of the satellite navigation system have forced the European Commission to shelve it, but it may reemerge as a taxpayer-funded project. Stephen Beard reports.
More and more Filipinos living abroad are saying goodbye market vendors, so long Western Union — hello Web. A new crop of businesses is springing up to make sending gifts to loved ones back home easier than ever, reports Lenora Chu.
More Americans than ever before are eating from an international table. But revelations about tainted fish food in Canada have some worried that lax oversight of food imports could lead to even bigger problems.
The former president has worked out a deal to lower the cost of top-of-the-line AIDS treatment to less than $1 a day in developing nations. That's 50 to 70 percent less, but some say it's still too much. Helen Palmer reports.
It's official: London is now home to the most expensive residential real estate in the world, according to the newly-released 2007 Wealth Report, beating out Monaco, New York, Hong Kong and Tokyo. Pat Loeb reports.
China's market continues its rapid march upward, hurtling over the 4,000 mark today. The euphoric buying spree has some government officials advising caution, but investors won't be swayed, Scott Tong reports.
Demand for metals in fast-growing China and India is so great it's leading to production shortfalls. And that's left mining companies in a mad scramble to buy each other out, Stephen Beard reports.
Commentator Benjamin Barber says the wolves are after World Bank President Paul Wolfowitz because he failed to cultivate effective leadership. Instead of giving orders, he should have been listening.
The days of billionaire media moguls running Italy may be numbered. The present government is trying to push through a law that would keep anyone with business interests over about $18 million out of office. Megan Williams reports.
