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Africa/International
Oil price above $91 per barrel
Oil prices rose above $91 a barrel Thursday in Asia amid mixed U.S. crude and gasoline supply figures and violent street clashes in Egypt.
Benchmark crude for March delivery was up 37 cents at $91.23 a barrel at midday Singapore time in…
Study says college not for everyone
A new Harvard study says American students need to begin to decide in middle school whether they want to prepare for four-year college and then a career. The alternative approach, the study says, is to begin vocational training for a job…
World Bank boss calls for action on rising food crisis
The world faces a broader trend of increasing food and commodity prices and more countries should wake up to the need to curb price volatility, World Bank President Robert Zoellick said on Wednesday.
In a phone interview from Berlin,…
Mo Ibrahim Foundation, CoDA urge African leaders on integration efforts
The Mo Ibrahim Foundation joined with the Coalition for Dialogue on Africa (CoDA), have urged leaders from across Africa to make regional economic integration a priority in 2011.
A statement issued by the Foundation and copied to the…
Citigroup takes over music label EMI
Citigroup Inc. has taken over debt-strapped EMI Group Ltd., closing a disastrous purchase of the music label by Guy Hands, founder of British private equity firm Terra Firma.
The foreclosure by Citigroup, EMI's main lender, brings the…
Asian stocks rise on strong data
Asian stocks jumped on Wednesday and the dollar sank as a surge in U.S. manufacturing and strong company earnings convinced investors to pile back into riskier assets despite turmoil in Egypt.
Commodities prices remained firm, bolstering…
Jordan King sacks Prime Minister
Bowing to anti-government protests inspired by a wave of unrest across the Arab world, King Abdullah II of Jordan dismissed Prime Minister Samir Rifai and his cabinet on Tuesday and ordered a new premier to carry out speedy political…
Egyptians reject Mubarak’s stance
President Hosni Mubarak defied a quarter-million protesters demanding he step down immediately, announcing Tuesday he would serve out the last months of his term and "die on Egyptian soil." He promised not to seek re-election, but that…
US probes BP for manipulation of gas market
BP said U.S. regulators were considering filing charges against it related to alleged manipulation of the gas market.
"The U.S. Federal Energy Regulatory Commission (FERC) and the U.S. Commodity Futures Trading Commission (CFTC) are…
ECOWAS Group at AU summit discusses Cote d’Ivoire
The ECOWAS Group attending the African Union (AU) summit in Addis Ababa, Ethiopia, has held a caucus meeting on Cote d'Ivoire to help fashion out a way for peace in the country after a disputed presidential election last year.
Details of…