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 leader of Libya’s rebellion has warned countries that have failed to support the uprising against Muammer Gaddafi that they would be denied access to Libya’s vast oil riches if the regime is deposed, the Financial Times reports.
A few readers have asked why a business website should run a daily feature on the potential for war with Libya.
The Libyan leader Col. Muammar el-Qaddafi has “tens of billions” in cash secretly hidden away in Tripoli, allowing him to prolong his fight against rebel forces.
The London School of Economics should not have accepted research funding from a foundation run by the son of Libyan leader Muammar Gaddafi, the outgoing director of the London School of Economics told CNBC Thursday, but cuts in government funding will force governments to raise money more aggressively, he warned.
US and European diplomats are scrambling to get a clearer picture of the leadership of Libya’s besieged opposition movement after concluding that Muammer Gaddafi is unlikely to fall quickly like his counterparts in neighboring Egypt and Tunisia, the Financial Times reports.