The Obama administration is discussing with Egyptian officials a proposal for President Hosni Mubarak to resign immediately, turning over power to a transitional government headed by Vice President Omar Suleiman. The NYT reports.
As violence has broken out in Egypt, concern has turned to the risk of the blocking of the Suez Canal or nearby pipelines, which could pose a threat to world energy supplies, the New York Times reports.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
As the seventh day of protests continue in Egypt, business is at a standstill, tourists and foreign students are abandoning the country and Cairo is at the mercy of vigilantes, CNBC reports.
The Egyptian stock market will likely tumble another 10 percent before investors put some cash in and try to stage a rally, after which the benchmark index could regain a third of its losses, according to historical trends, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
Though the US-China relationship often dominates the geopolitical trade debate, Beijing is now the top trading partner for Japan, Australia and South Africa, as well as South Korea, Hong Kong and Taiwan.
Political instability and business corruption make these markets risky, but they have a place in the portfolios of investors looking for explosive growth.
Despite an international effort to ensure safe passage through the world’s most treacherous waters, pirates escalated their attacks in 2010 for the fourth straight year, striking more ships and taking more hostages last year than in any year on record, according to an annual report on piracy, the New York Times reports.
Emerging equity markets were amongst the top performers in 2010 and Mark Mobius, executive chairman at Templeton Emerging Markets Group, expects the trend to continue this year. The global investor remains heavily exposed to the sector.
A year ago, almost no one knew a rare earth element from a rare coin. Today, rare earths are a global story—and a global investment opportunity.
In 2007, Shankar’s Emporium, a Singaporean wholesaler that has exported consumer electronics to Africa for 30 years, decided the time was ripe to set up its own shop in Angola. The project stretched over a year thanks to the slow pace of business there. But it was worth the effort, said Dinesh Bhojwani, Shankar’s business development manager.
Google says its mapping service erred by attributing a disputed islet off North Africa first to Morocco, then Spain, when it currently belongs to neither.
The World Economic Forum in Marrakech last week included a lesson on energy economics from Manhattan.
Africa is booming – in part because African governments are heeding the call to action, removing barriers to trade, lowering taxes and improving the physical and social infrastructure that had impeded business growth.
Walmart announced last week it would soon require companies to prove it used only sustainably sourced palm oil.
Why the "Mad Money" host is getting behind this sector bellwether.
Africa is the continent that Coca-Cola is betting big on, Coca-Cola CEO and Chairman Muhtar Kent told CNBC Wednesday.
U.S. Marine commandos stormed a pirate-held cargo vessel off the Somalia coast Thursday, reclaiming control of the ship and taking nine prisoners without firing a shot, the U.S. Navy said.
A fresh law, buried in the Wall Street reforms passed last month, will force many manufacturers to identify any "conflict minerals" that can be traced back to the Democratic Republic of the Congo or adjoining countries. The FT reports.
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