Adam Schreck, Associated Press | Posted May 24th - 9:10am
The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers.
Geir Moulson and Jamey Keaten, Associated Press | Posted May 24th - 9:00am
A Swiss private bank accused of turning a blind eye to shady money transfers and willful defiance of regulators will face criminal proceedings and be liquidated for its alleged role in the suspected embezzlement of $4 billion from a Malaysian state fund.
Michael Weissenstein, Associated Press | Posted May 24th - 8:41am
Cuba announced Tuesday that it will legalize small and medium-sized private businesses, a move that could significantly expand the space allowed for private enterprise in one of the world's last communist countries.
Power shovels and a bulldozer have destroyed a huge mound of 2 million illegally copied CDs and DVDs outside Algeria's Culture Ministry, as part of a government pledge to crack down on long-rampant digital piracy.