The subprime mortgage crisis has rippled across the pond and now British banking giant Barclays is demanding the immediate repayment of $900 million from U.S. subprime lender New Century.
Europe had wanted to launch its own satellite navigation system — one that would rival America's GPS — by 2010, but that timeline is drifting further out of orbit by the day.
Canadian media mogul Conrad Black went on trial for fraud in Chicago today. Kai Ryssdal talks about the case against Black with reporter James Langton of The Daily Telegraph in London.
For many illegal immigrants, the journey to the U.S. begins south of Mexico. But traffic across its Guatemalan border isn't one-way. There's a $10 billion contraband economy based on the loosely-patrolled perimeter.
Move over Sunkist. News that billionaire Nelson Peltz bought a 3 percent stake in Cadbury Schweppes has popped the lid on speculation that it may sell its American soft drink business and concentrate on chocolate. Investors seem to approve.
Prime Minister Tony Blair wants to spend nearly $40 billion to renew his country's fleet of Trident nuclear submarines — a plan that's outraged members of the ruling Labour Party as well as activists.
Former newspaper tycoon Conrad Black goes on trial for fraud in Chicago today. He and his co-defendants are accused of siphoning about $84 million from media giant Hollinger International.
A senior British official says he was told national security was at stake — and that influenced his decision to stop a fraud investigation which implicated the Saudi royal family, an important ally in the "war on terror."
British Airways and Virgin Atlantic have put aside their rivalry for the day. They're trying to convince Britain's Parliament not to sign off on the proposed open skies agreement with the U.S.
President Bush wraps up his Latin American tour in Mexico, where he hopes President Felipe Calderon will serve as the region's free market counterweight to socialist Hugo Chavez — but the scales may be tipping in the other direction.
