LIBYA

Libyan leader Muammar Gaddafi arrived in Rome on Sunday for a two-day visit that has aroused a mixture of curiosity and controversy over Tripoli's growing influence in the Italian economy.

Libyan leader Muammar Gaddafi arrived in Rome on Sunday for a two-day visit that has aroused a mixture of curiosity and controversy over Tripoli's growing influence in the Italian economy.

Finally, India will have its first ever jewellery week, the India International Jewellery Week (IIJW), from August 15 to 19 in Mumbai. It is a fabulous platform for jewellery designers to come together and showcase their talent. This is the first time the jewellery industry will witness something like this.

After nearly 40 years, BP is returning to Libya amid widespread controversy about an alleged link to the Lockerbie bomber's release and fears about a potential oil disaster in the Mediterranean Sea. Yet despite the oil giant's enthusiasm, its future in Libya - a country boasting the largest crude oil reserves on the continent -- may end up as murky as competitors that have ventured there.

With BP poised to move on from the Gulf oil spill with a new chief executive, the beleaguered London-based company might look attractive to Middle East sovereign wealth funds after all. It would be a parting legacy from outgoing CEO Tony Hayward if his efforts earlier this month to court the funds in Abu Dhabi and other oil-producing countries were to bear fruit.

Senators postponed a hearing on whether British oil giant BP Plc influenced the release of the Lockerbie bomber, saying on Tuesday key witnesses had stonewalled the investigation by refusing to appear.

BP Plc's ousted chief executive, Tony Hayward, will not testify to a Senate committee examining whether the oil giant influenced the release of the Lockerbie bomber, Senator Robert Menendez said on Tuesday.

BP has said that outgoing chief executive Tony Hayward will not testify at a U.S. Senate hearing examining whether the British oil giant influenced the release of the Lockerbie bomber, the office of Senator Robert Menendez said on Tuesday.

British oil company BP has approached sovereign wealth funds with a view to securing a strategic investor to fend off takeover bids while it deals with its massive U.S. oil spill, a senior UAE source said on Tuesday.

Till now Zimbabwe was the main country which has been drawing flak from across the world for the blood diamonds from its now infamous Marange diamond fields. But now, super model Naomi Campbell is in the eye of a storm for accepting blood diamonds as gift.

BP Plc for the Libyan well and says it has prepared extensively for the operation.

The family travel blog of the sole survivor of a Libyan plane crash that killed 103 people has turned into a condolence register, with dozens offering sympathy to the nine-year-old Dutch boy orphaned by the crash.

U.S. prosecutors have accused ABN Amro, now largely part of Royal Bank of Scotland , of turning a blind eye to U.S. laws, using special procedures to bypass U.S. sanctions against Cuba, Iran and other countries.

Oil ministers from several OPEC nations played down on Saturday a sharp fall in prices, but Kuwait said another $10 drop may force the group into action.

U.S. exports to Arab countries in the Middle East and North Africa are forecast to grow almost 20 percent this year to a record $75 billion, fueled by big infrastructure projects and resurgent consumer demand, according to a new private sector report.

Amid looming fuel shortages, Uganda on Tuesday announced fresh plans to sell the Jinja Oil Reserves. In a statement, Uganda's energy ministry said the government does not have the money to maintain the reserves. This will not be the first time that the country's oil reserves are being put up for sale. The earlier deal that was awarded to Libya's Tamoil to manage the reserves was cancelled by the government following procurement irregularities.

Norwegian fertilizer group Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares on Friday but scuppering U.S. expansion plans.

Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.

The United States, France and other Western powers are preparing a plan for a fourth round of U.N. sanctions against Iran over its nuclear program and hope to persuade Russia and China to back it.

A top White House official said on Sunday the plot to bomb a Detroit-bound plane on Christmas Day exposed errors but he played down the need for a sweeping overhaul of the U.S. security system.

Nigeria described on Monday as unfair its inclusion alongside Afghanistan, Pakistan and Yemen on a list of countries whose air travellers will face tighter screening on journeys to the United States.