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.
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.
Many in Europe worry that they will face new waves of illegal immigration not only from the liberated areas in the north, but from much of sub-Saharan Africa as well, the New York Times reports.
On Tuesday, Somali pirates shot and killed four American hostages. A single hostage intentionally killed by these pirates had been almost unheard of; four dead was unprecedented. The New York Times reports.
As anger spreads throughout the Arab world, retired Gen. Wesley Clark said Saudi Arabia will be the last country to see an uprising.
Aecom, a Los Angeles-based company with employees around the world, is pulling all of its American workers out of Libya, as turmoil in the nation intensifies.
The protests in Egypt are unsettling regimes around the world as thousands of everyday Egyptians rise and declare that they want an end to President Hosni Mubarak’s 30-year rule. Time will tell if Mubarak’s regime really will collapse or be forced to undertake major reforms, but what is true is there are lessons for China's leaders as well as those through the Middle East.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
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.