Venezuelan President Hugo Chavez is going out of his way to cut the U.S. out of the picture as he nationalizes his country's oil industry — all the way to China.
The price of oil has shot up over $63 a barrel, the highest this year. And given the current political landscape and reduction in global inventories, we can probably expect prices above $60 for the foreseeable future.
Hong Kong chooses its next leader on Sunday. There's not much suspense about the outcome, since political stability means economic prosperity. Scott Tong reports.
Sunday marks the 200th anniversary of the British Parliament's abolition of the European slave trade. But even as Britain celebrates its role in history it's also facing up to an embarrassing present. Stephen Beard reports.
The European Union turns 50 on Sunday and people will be celebrating its history with free beer and sausage in the streets of Berlin. But as in many relationships, there's squabbling about the future behind the happy facade.
It's not the kind of democracy we're used to, but Hong Kong's business community will vote Sunday to keep Donald Tsang as head of government there. It's pretty much a no-brainer considering the booming economy.
Deutsche Bank has plans to take over Maher Terminals, a major ocean cargo handler in the New York area. And it looks like the deal won't face the same scrutiny as last year's ill-fated Dubai Ports World proposal.
The U.S. and the European Union take dueling claims of unfair play before the WTO this week. At issue: billions of dollars worth of state subsidies granted to rival plane makers Boeing and Airbus.
India's economy is booming, but only 10% of its citizens have health insurance. That's prevented millions from seeking care, but now India's poor are discovering the benefits of micro-insurance — and so are the companies providing it.
The transportation department's surprise move to let Virgin America operate in the U.S. could create even bigger waves in the travel industry if it sways E.U. opinion ahead of tomorrow's vote on the Open Skies Treaty.
