TRIPOLI, March 11- Libya's parliament voted Prime Minister Ali Zeidan out of office on Tuesday after rebels humiliated the government by loading crude on a tanker that fled from naval forces, officials said, in a sign of the worsening chaos in the OPEC member state.» Read More
One of the most enduring and successful figures in British public life has resigned as director of the London School of Economics, after new details emerged of the institution’s relationship with Libya. The FT reports.
As the agency undertakes a broad new study of natural gas drilling and its potential risks, some worry that the recommendations will be watered down, reports The New York Times.
Oil prices, now topping $100 a barrel, could hit $120, energy financier T. Boone Pickens, chairman and CEO of BP Capital, and an advocate of replacing oil with natural gas in some applications, told CNBC Friday.
If Saudi raised oil production to 9 million barrels per day, then they've chosen a good time to do it.
The 14 Wisconsin state senators who left the state to prevent a key vote are adjusting to living with less in hotels and keeping a low profile., reports the New York Times reports.
World leaders condemned Muammar Gaddafi's bloody crackdown on a revolt that has split Libya, but took little action to halt the bloodshed from the latest upheaval reshaping the Arab world.
The mass protests in Bahrain will make the country stronger and not lead to the fall of the ruling royal family, the boss of Bahrain's sovereign wealth fund has told CNBC.
Muammer Gaddafi’s family has built up vast business interests in sectors ranging from oil to hotels during his 41-year rule, giving it a hold over large swathes of Libya’s economy, according to US diplomatic cables and governance groups, reports the Financial Times.
With Muammar Gaddafi vowing to die a martyr or crush a growing revolt in Libya, one academic has warned that the North African state risks becoming a failed state with huge consequences for Europe and the world.
With oil prices rising sharply on the back of the crisis in Libya, the head of the International Energy Agency has warned crude prices hitting $100 a barrel could be bad news for economic growth.
Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the oil-rich country's deputy oil minister told CNBC Tuesday.
Oil prices could make further gains but US stocks could be set for a difficult year, Marc Faber, the author the closely-watched Gloom, Boom and Doom report, said in an interview.
"Higher oil is by definition going to be a drag on spending and the economy and the uncertainty the middle-east crisis is creating is bad news for sentiment," Simon Derrick, head of currency research at BNY Mellon, said.
The uprisings in the Middle East have been in part blamed on soaring food prices but one market watcher told CNBC those states with huge oil wealth should be better able to keep their people appeased by subsidizing food prices and other incentives.
“Anything you want on land, sea or air, we can do it.” This is how Bahrain’s King Hamad bin Isa al-Khalifa summed up his support for US policy when he met General David Petraeus, one of the top US army officers, in May 2009, reports the Financial Times.
A two-year collaboration of dissidents gave birth to a new force — a pan-Arab youth movement dedicated to spreading democracy in a region without it, the New York Times reports.
What were some of the worst inflation situations in history and how did they come to be? Click to find out!
A furious wave of protest finally swept Egypt's President Hosni Mubarak from power on Friday after 30 years of one-man rule, sparking jubilation on the streets and sending a warning to autocrats across the Arab world and beyond.
President Obama is proposing to ride to the rescue of states that have borrowed billions of dollars from the federal government to continue paying unemployment benefits during the economic downturn, the New York Times reports.
Once repeal takes effect, and American forces adapt to a more welcoming military culture, what will it mean for everyone else? What trends will it shape in the U.S. economy, the jobs market and workforce? Here are six ways.