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Turkey"s Prime Minister Tayyip Erdogan (R) and Somalia"s President Sheikh Sharif Ahmed

Turkey spreads its wings into Africa

Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.

Dalai Lama cancels highly charged S.Africa trip

The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.
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Rumors: iPhone 5 To Be Slimmer and Three Times Faster Than iPhone 4

Anticipation of Apple's Tuesday unveiling of the iPhone 5 has reached fever pitch, with speculation on everything from form to features running rampant. Chinese state-run carrier China Unicom added to the frenzy this week at the Macworld Asia expo in Beijing by presenting a slideshow that included a segment documenting the evolution of the iPhone.
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IEA warns of ballooning world fossil fuel subsidies

Global subsidies for fossil fuel consumption are set to reach $660 billion in 2020 unless reforms are passed to effectively eliminate this form of state aid, the International Energy Agency said on Tuesday.
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U.S. Buyers Shun Conflict Minerals in Congo's East

A battered pickup truck pulling up to Huaying Trading's back street office in Goma is about all that remains of Congo's once-bustling resources business as an impending U.S. crackdown on so-called conflict minerals scares most buyers away.
Traders work on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Further Losses

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.5 percent at 0841 GMT.
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Stock index futures signal further losses

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.5 percent at 0841 GMT.
India's food inflation rate slackened in mid-May, after picking up pace for two weeks, giving the Reserve Bank more leeway to hold rates until its July review and gauge the impact of euro zone debt woes on the domestic economy.

Food, Fuel Price Falls Stir Asia Inflation Concern

Anyone hoping that recent falls in commodity prices would provide a boost to powerhouse Asian economies and help lift the developed world out of recessionary danger will be disappointed. The region's focus remains firmly on inflation.
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Gold Gets Biggest One-Day Gain in a Month

Gold rose 1.6 percent on Monday, its biggest one-day gain in a month, as bullion resumed its role as a haven from turmoil following its worst monthly loss since the financial crisis in 2008.
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Westinghouse Solar CEO expects profit next year

Westinghouse Solar Inc expects to start posting profits next year after years of losses, as a deal to buy cheaper solar panels should help it cut prices and increase sales, its chief executive told Reuters.
Gold bars

Gold Headed for Biggest 1-Day Gain in Nearly a Month

Gold headed for its largest one-day rise in nearly a month on Monday and silver climbed almost 5 percent after Greece warned it will miss deficit targets set to avoid bankruptcy, unleashing a sell-off in equities and commodities.

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