HSBC, the U.K.'s largest bank, managed to post a 5 percent second-half profit in spite of $11 billion in losses due to sub-prime loans gone bad in the States.
An anti-terrorism bill working its way through Congress would, among other things, give airport security screeners the right to union representation — but President Bush has his veto stamp ready.
Virgin Atlantic and British Airways have voiced opposition to a tentative open-skies deal between the U.S. and Europe. Seems they don't want to loosen their grip on London's Heathrow Airport.
Leaders in China are concerned that the nation's wealth is too concentrated in the hands of a few, but not everyone's convinced the momentum of the widening gap between rich and poor can be stopped.
Lebanon's tourism industry was booming until last year's month-long war between Hezbollah and Israel. Subsequent economic and political crises have left Beirut's downtown a shell of its former self.
Tariffs aside, the U.S. and Brazil, the world's largest ethanol producers, are working together to present a united front to push the biofuel. The goal? Counter the oil cartel.