Business Libya

More

  • economy_down1.jpg

    Caveat emptor: The first-quarter economy is slowing and inflation is rising. A month ago, economists were optimistic about the potential for 4 percent growth. Now they are marking down their estimates toward 2.5 percent. Behind this, consumer expectations are falling while inflation fears are going up.

  • An RAF Tornado GR4 aircraft is prepared for launch, the first UK air combat mission in support of UN Resolution 1973, at RAF Marham on March 19, 2011 in Norfolk, England.

    Analysts are warning that the decision of the BRIC nations not to support the no-fly zone in Libya is an indication that in years to come Gaddafi-like dictators will find it easier to wage war on their people without external intervention.

  • One euro and U.S. dollar

    Investors are so focused on the troubles in Japan and Libya that the euro is just strengthening on the sidelines, this analyst says. But for how long?

  • JetBlue Flight Plan  for $100 Oil

    A look at the airline's strategy for the rise in oil, with Dave Barger, JetBlue Airways chief executive officer.

  • Markets are "overreacting" to the geopolitical events around the world, including the political unrest in North Africa and the Middle East, and troubles in Japan, said Willem Buiter, chief economist at Citi.

  • Saudi youth wave their national flag as they celebrate the return of King Abdullah bin Abdul Aziz in the Saudi capital Riyadh.

    Saudi Arabia's plan to shell out some $90 billion as part of a state-backed economic aid package continued to buoy regional markets Monday, but it is too early to tell how much the spending package will do to assuage sectarian tensions in the country, market analysts told CNBC.

  • Middle East Turmoil

    Our stress tests are better than your stress tests. In the case of the US stress tests for banks versus the stress tests for European banks, there is no contest.

  • Having analyzed the impact on the dollar of numerous wars and military interventions in the Middle East since 1973, Bank of New York Mellon is telling investors that the greenback should hold up well as the international community imposes a no-fly zone over Libya.

  • President Barack Obama

    President Barack Obama demanded Friday that Moammar Gaddafi halt all military attacks against civilians and said that if the Libyan leader did not stand down the United States would join in military action against him.

  • Secretary of State Hillary Rodham Clinton says Muammar Gaddafi has left the world no choice but to threaten military action against him.

  • Libyans at the rebel-held eastern town of Brega celebrate after rumor spread that their fighters took over the town of Ras Lanuf from pro-Kadhafi forces during battles.

    The Libyan government announced an immediate cease fire on Friday morning—just hours after the U.N. authorized the use of force against the Qaddafi regime to protect civilians.

  • Japanese 10,000 Yen bank notes

    Here's what you should be watching Friday, March 18.

  • A Libyan rebel fighter flashs the victory sign as he carries rocket propelled grenades at a check point near the key city of Ajdabiya on March 23, 2011 as government forces have encircled the town.

    It is often said that a picture speaks a thousand words, but these images arguably speak volumes about the violence and political turmoil in Libya and Bahrain.

  • wall_st_main_st_200.jpg

    This week's market action has left a lot to be desired. But given everything that is going on, we should probably be thankful. After falling some 4-5% from its recent highs, the S&P 500 remains in positive territory for the year.

  • Passengers line up for flights out of Bahrain at the country's airport March 17.

    "A sense of calm with an undercurrent of mild panic," is how one Bahraini described the scene at Bahrain International Airport Thursday morning,after the Bahrain Defense Force (BDF) cleared the country's Pearl Roundabout area of anti-government protestors, killing at least three people.

  • Libyan leader Muammar Gaddafi

    From Liberia to South Africa to the island of Madagascar, Libya’s holdings are like a giant venture capital fund, geared to make friends and wi n influence in the poorest region in the world.  The NYT reports.

  • The International Energy Agency says Libyan oil exports have "ground to a halt" because of the fighting between rebels and forces loyal to Libyan leader Moammar Gadhafi.

  • Protesters run from a cloud of teargas during a clash with Bahraini security forces near the Pearl roundabout in Manama, Bahrain. Protesters said that the army fired on them with live rounds, followed by teargas which drove the demonstrators back. There are unconfirmed reports that there are four dead in the clashes.

    The U.S. State Department urged U.S. citizens on Tuesday to defer travel to Bahrain and suggested Americans there should leave due to ongoing political and civil unrest.

  • Protests in Libya

    Pressure is building for the US to take action in Libya.

  • Bahraini anti-government protesters gather in Pearl Square, in Manama.

    Forces from Gulf Arab countries will help with maintaining order in Bahrain and some forces have already arrived in the country, according to press reports.