Argentina and Uruguay are locked in a bitter dispute over a $1.2 billion paper plant on their shared border, so they've asked… the King of Spain to step in? Yes, it seems King Juan Carlos is something of a peacemaker in the region.
A new IHS report claims Iraq is sitting on massive oil reserves — 100 billion barrels more than expected. But skeptics say there's no way the group can be certain of its findings, especially given the ongoing violence there.
A top deputy at the World Bank has asked Paul Wolfowitz to step down, but he may not be going anywhere just yet. President Bush is standing behind the bank president, so it'll be a game of high-stakes politics if the board wants to force him out.
Monsoons provide critical moisture for India's farms. But they've become less and less reliable. And that's driving some farmers to take desperate measures. Miranda Kennedy reports.
GM is streamlining production of its popular Astra model in Europe, and the 1,400 jobs cut are all coming out of Belgium. And if plants there don't bring costs down, GM indicated it may shift that production work to Asia.
American automakers have struggled to make headway in India's large and fast-growing market, but GM is making a renewed push for sales with the Chevrolet Spark.
The British pound is at a 14-year high against the U.S. dollar: It now takes $2 to equal one pound. The strength of Britain's currency is boosting some industries there, but it could also be a sign of trouble to come.
As pressure mounts for World Bank President Paul Wolfowitz to resign, a growing chorus of nations is beginning to ask whether the U.S. should always get to choose who heads the international organization.
With more than 200,000 people slaughtered and 2.5 million displaced in Darfur, Sudan has been subject to U.S. economic sanctions. Still, there's no shortage of investors in its economy. Gretchen Wilson reports.
Nearly 80% of cut flowers are grown outside the U.S., and a lot can affect the blooms you buy. Host Tess Vigeland looks at the $40 billion cut flower industry with Amy Stewart, author of "Flower Confidential."
