Dubai looks to Qatar for oil as flow from Iran cut
01/27/2013 8:23am
Dubai's government-run oil company says it has started importing supplies from Qatar and is seeking other sources in apparent moves to replace Iranian crude lost because of international sanctions.
Davos optimism downplays corruption, other risks
01/27/2013 10:09am
The political, business and academic elites at the World Economic Forum expressed renewed optimism at the global economy, with more liquidity, more unity in Europe and the fiscal cliff scaled by U.S. politicians. But other risks _ especially that of not doing enough to combat persistent corruption _ are emerging as new threats to a fragile global economy beset by challenges.
Correction: Davos Forum-Algeria story
01/27/2013 11:47am
In a story transmitted Jan. 25 and Jan. 26 about Algeria's deadly hostage crisis, The Associated Press mischaracterized Algerian Foreign Minister Mourad Medelci as acknowledging that security forces made mistakes in their handling of the standoff. The mischaracterization resulted from use of an incomplete quote. The AP initially quoted Medelci as saying, "We are in the process of assessing our mistakes. In that assessment we are leaning more towards establishing that the operation was a success." The full quote, translated from French, is: "I am not sure that today we are in the process of assessing our mistakes. We are more in the process of establishing that the operation succeeded."
Bangladesh probing if factory's 1 exit was locked
01/27/2013 7:16pm
Bangladesh's government is investigating allegations that the sole emergency exit was locked at a garment factory where a fire killed seven women.
Deal signed to clear Myanmar debt, allow new loans
01/27/2013 8:59pm
The World Bank announced a long-awaited deal to allow Myanmar to clear part of its huge decades-old foreign debt, opening the door for new much-needed lending to jumpstart its lagging economy.
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