Oil prices rose toward $98 a barrel Tuesday as the power struggle in Libya cut crude production and traders mulled whether political upheaval will spread to other oil-rich countries. By early afternoon in Europe, benchmark crude for April delivery was up 74 cents at $97.71 a barrel in electronic trading on the New YorkMercantile Exchange. The contract lost 91 cents to settle at $96.97 on Monday. In London, Brent crude for April delivery was up $1.02 to $112.82 a barrel on the ICE Futures...
GENEVA (AFP) – Top car makers took a bullish outlook at the Geneva Motor Show on Tuesday, as the industry lined up 170 model launches with an eye on thriftier hybrid vehicles and, above all, emerging markets. About 700,000 visitors are expected when the show opens between March 3 to 13. The...
AMSTERDAM – The European system for putting a price on carbon emissions is gaining wider acceptance and is making a small dent in the amount big energy companies are polluting, according to a survey of more than 2,500 companies released Tuesday. But the reductions were only marginal, and the...
LONDON (AFP) – London on Tuesday slashed 16 countries including Russia and China from the list of nations it gives financialaid to and said it would no longer fund four "irrelevant" UN aid organisations. Angola and Vietnam are also among countries that will see their aid budgets...
MUNICH-Supporters of Munich's bid for the 2018 Winter Olympics plan a petition drive to counter the opponents trying to force a referendum against it. Munich Mayor Christian Ude said Tuesday that Olympic supporters need to fight back against the attempts of opponents trying to keep the bid in limbo...
Berlin - GermanDefenceMinister Karl-Theodor zu Guttenberg resigned on Tuesday, after he became embroiled in a plagiarism scandal over his PhD. 'It is the most painful step in my life,' the 39-year-old said. The minister had come under increasing political pressure following revelations that more...
