The Swiss government has imposed a three-year freeze on bank assets valued at 830-million Swiss Francs (almost $1-billion) which are linked to Moammar Gaddafi of Libya, Hosni Mubarak, the former leader of Egypt and Zine El Abidine Ben Ali, the deposed ruler of Tunisia.
Brent crude oil dipped below $124 a barrel on Tuesday as the dollar rose from a three-year low and traders weighed the impact on the market of al Qaeda leader Osama bin Laden's death.
Thousands of Libyans attended today's funeral of Saif Al-Arab Gaddafi, the youngest son of Libyan leader Muammar Gaddafi, who was killed after air strikes by coalition forces last Saturday together with his 3 children (grandchildren of Gaddafi).
Amidst a growing chorus accusations by India that the Pakistani authorities had been harboring Al Qaeda leader Osama bin Laden in their country for years, the former chief of Pakistani intelligence vehemently has denied the allegations.
However, he also warned that Al Qaeda may take revenge in retaliation for the killing of Osama.
Crowds in the Libyan capital of Tripoli set fire to the empty British embassy and vandalized the Italian embassy on Sunday, a day after NATO bombed Libyan Leader Muammar Gaddafi's compound in a suburb of the city.
Libya's government accused and NATO denied an assassination attempt on Col. Muammar Gaddafi on Sunday after NATO bombed the leader's compound in Tripoli's suburbs, with a Libyan government spokesman saying the attack killed one of the leader's sons and three grandchildren.
Libyan leader Muammar Gaddafi was in the house bombed by NATO war planes but he and his wife escaped unhurt even as his youngest son and three grand children died.
Libyan rebels have rejected a proposal by Moammar Gaddafi to call for a ceasefire in exchange for an end to NATO military strikes.
Oil prices hovered near 31-month highs as a weak dollar and violence in North Africa and the Middle East outweighed concerns about slowing growth in top consumer the United States.
The Syrian ambassador to Britain has had his invitation to tomorrow’s Royal Wedding withdrawn after his potential presence sparked outrage among some quarters.
Royal Dutch Shell posted stronger than expected first-quarter profit thanks to higher oil prices and wider margins in its refining business, boosting hopes for a more generous dividend policy.
Royal Dutch Shell beat forecasts with a 22 percent rise in first-quarter profit, thanks to higher oil and gas prices and fatter refining margins.
Brent oil pared gains to around $124 a barrel on Wednesday and U.S. crude fell as a big rise in U.S. inventories countered support from a weaker dollar before a Federal Reserve statement expected to keep a loose monetary policy.
Brent crude oil edged above $124 a barrel Wednesday as support from a weaker dollar, ahead of a Federal Reserve statement expected to maintain loose monetary policy, countered rising U.S. inventories.
A team of investigations from the United Nations have arrived in Tripoli, Libya to investigate allegations of human rights abuses in the strife-torn country since the civil war erupted over two months ago, according to reports.
The President of Venezuela Hugo Chavez said he is meeting with a delegation of Libyan officials in Caracas to seek ways to resolve the crisis in the North African country.
The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision, which is expected to reinforce an ultra-easy policy stance and drive more capital to buoyant emerging Asian stock markets.
The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision where it is expected to reinforce its ultra-easy policy stance while stocks in Asia's developed markets rose, tracking a strong close on Wall Street.
Leon Panetta, the director of the CIA has spent the last five days in Ankara, Turkey, on a secret visit with high-ranking Turk officials to evaluate the crisis in Syria, according to Turkish newspaper, Sabah.
House Speaker John Boehner said on Monday that 'there's a chance' a vote to raise the debt limit beyond $14.3 trillion may not happen if President Barack Obama 'doesn't get serious' about handling the nation's fiscal problems.
Bashar al-Assad might be deeply hated by the people of Syria and a pariah in much of the world, but he can count on at least one friend.
Italy and France have called on the international community to cease shipping oil products to the regime of Libyan leader Moammar Gaddafi and also asked market operators not to purchase Libyan crude oil.
