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Qatar Navigates Persian Gulf Minefield

Geography forces balancing act; gas wealth make it a player

(Newser) - The challenges of being Qatar, a peninsular nation bordering Saudi Arabia in the Persian Gulf, could be a hint of the diplomatic discourse to come, Bloomberg reports. The emirate cannily attends to the demands of its Saudi and Iranian neighbors, and it hosts US military forces; it also has learned...

Credit Suisse Cuts Profits $1B on Trader Errors

Trader 'error' prompts bank to take $2.85B writedown; shares plummet

(Newser) - Credit Suisse share prices plummeted 10% today after the bank announced that some traders had overvalued asset-backed securities, prompting the bank to take a $2.85 billion writedown and drop first-quarter profit projections by $1 billion, Bloomberg reports. Switzerland’s second-largest bank suspended the traders and said it would review...

OPEC Declines to Boost Oil Output
OPEC Declines to Boost
Oil Output
Dec 6, 2007 10:33 AM CST

OPEC Declines to Boost Oil Output

$80 crude seems to be producers' new target; $3 gas isn't going anywhere soon

(Newser) - OPEC’s decision yesterday not to boost oil production, despite prices hovering around $90 a barrel, underscores a new reality, the New York Times observes: the oil producers aim to keep prices nearly that high—say around $80 a barrel—a target unthinkable a few years ago. In the US,...

Greenback Assaulted at OPEC meeting
Greenback Assaulted at
OPEC meeting
Nov 18, 2007 9:52 PM CST

Greenback Assaulted at OPEC meeting

Dollar a 'worthless piece of paper,' Iran's president says

(Newser) - Calling it a "small and worthless piece of paper,” Iran’s president today urged OPEC's members to drop the depreciating US dollar as its official currency. Mahmoud Ahmadinejad blamed President Bush for the dollar’s decline and its adverse effects. The comments highlight mounting tension among OPEC members,...

Flying in Style: 10 Best Business Classes

BusinessWeek lists the best upper-atmosphere experiences

(Newser) - With amenities like fully reclining seats, foot-massage parlors, and food that defies even the highest-flying expectations, airline business classes are more like mobile spas then just a way to get from point A to point B. BusinessWeek gives you the 10 best.
  1. Singapore Airlines
  2. Cathay Pacific
  3. Qatar Airways
  4. Malaysia Airlines
...

Airbus, Boeing Cross Wings at Air Show

Top aircraft manufacturers ride high as industry rebounds

(Newser) - Rival aircraft producers Airbus and Boeing landed a slew of new orders at a gigantic air show that began today outside Paris. The biennial air show, the largest in the world, takes place as the airline industry begins to turn around; after two years of losses, profits this year are...

Federal Court Orders Military to Free Civilian

Ruling rebukes Bush administration, which plans to appeal

(Newser) - The US may not keep a civilian believed to be an enemy combatant in military custody, a federal appeals court ruled today, finding that President Bush "cannot eliminate constitutional protections with the stroke of a pen." The administration quickly announced its intention to appeal the decision that Ali...

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