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EU Naval Forces Attack Somali Pirate Bases

European Union naval forces have carried out their first raid on pirates based on the Somali mainland.

Iraq, Saudi oil helps cover Iran drop, boosts OPEC output

Extra crude from Iraq and Saudi Arabia has helped cover for tighter sanctions on Iran, whose own oil output has hit the lowest in two decades, and OPEC's April output is its highest since 2008, a Reuters ...

Friday newspaper round-up: Falklands, Spain, Strike

Argentina vowed to press criminal and civil charges on British oil companies exploring off the Falkland Islands if they do not "justify their actions" by a May 2 deadline. In its latest escalation ...

Monday newspaper round-up: Loans, India, Social unrest

Losses on corporate loans will hit their highest level since the 1990s recession this year, fuelled by a weak consumer sector and further crippling lending according to a leading group of economists. The ...

Gary Becker Says America Doesn't Need Manufacturing - and China Agrees!

Although opinion is still tightly censored in China, Nobel Laureate?? Becker?s views seem to be an exception. Publishers in China have to cleave close to the propaganda line on anything ??remotely bearing on the country?s mercantilist trade policy. Thus when a Nobel Prize-winning American economist is published by a prominent Chinese news organization, you have ...