The glamorous Champs-Elysées has been losing lustre as high rents and big retail chains crowd out the quaint Parisian shops and high-end clientele that made it famous. So the city has decided to battle the tides of modern commerce.
Green is the theme in Geneva this week as automakers from around the world display new models and concept cars, but some environmentalists say they're just painting over the real problem with greenwash.
HSBC, the U.K.'s largest bank, managed to post a 5 percent second-half profit in spite of $11 billion in losses due to sub-prime loans gone bad in the States.
Leaders in China are concerned that the nation's wealth is too concentrated in the hands of a few, but not everyone's convinced the momentum of the widening gap between rich and poor can be stopped.
Virgin Atlantic and British Airways have voiced opposition to a tentative open-skies deal between the U.S. and Europe. Seems they don't want to loosen their grip on London's Heathrow Airport.
Tariffs aside, the U.S. and Brazil, the world's largest ethanol producers, are working together to present a united front to push the biofuel. The goal? Counter the oil cartel.
Lebanon's tourism industry was booming until last year's month-long war between Hezbollah and Israel. Subsequent economic and political crises have left Beirut's downtown a shell of its former self.
While the U.K.'s biggest banks are reporting record profits, consumer groups say hundreds of thousands of customers should get their money back. Stephen Beard reports.
Microsoft has already been fined $950 million for failing to comply with an anti-trust ruling in Europe. The E.U. says Microsoft is still dragging its feet and has threatened to start tacking on an additional $4 million a day.
