World News Center
Why the Gates Foundation aims to knock out polio
September 9, 2010Jeff Raikes worked with Bill Gates at Microsoft, most recently as president of the business division, for almost 29 years before joining the Bill & Melinda Gates Foundation as CEO in 2008. The last two years, he's worked building relationships with partners of the $33 billion foundation.
What peak oil? Why an oil glut is ahead
September 9, 2010In May, less than a month after the blowout of the Deepwater Horizon oil rig in the Gulf of Mexico, a key milestone was achieved with little notice: Total U.S. supplies of petroleum and products refined from it (including the Strategic Petroleum Reserve) surpassed 1.8 billion barrels, reaching the highest level in the last 20 years. Since then the total has continued to edge upward, hitting 1.87 billion barrels in the week ended August 27, according to the Energy Information Administration.
Bank bailout fears batter Ireland
September 9, 2010The cost of a giant bank bailout is pushing Ireland perilously close to sovereign debt crisis territory.
Soros gives $100 million to human rights group
September 9, 2010Billionaire investor George Soros will donate $100 million to Human Rights Watch, the organization announced Tuesday.
Kia in management shakeup after recall
September 9, 2010South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who had resigned.
World markets rally, Nikkei gains 2%
September 9, 2010World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.
Ferrari recalls $225,000 458 Italia supercar
September 9, 2010Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.
Oil roars into September 'like a lion'
September 9, 2010After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
China manufacturing might help avoid crash
September 9, 2010China's manufacturing sector rebounded in August, calming some fears about the pace of that country's growth.
Dollar slips on return to risk
September 9, 2010As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.
