An Afghan man harvests opium sap in Mamoond Spin Ghar, Nangarhar province. As NATO discusses its exit from Afghanistan at a summit in Chicago, Afghans fear that a meltdown in their corruption-plagued economy could follow the consequent drop in foreign funding. © AFP Noorullah Shirzada

Afghans fear economic meltdown as NATO exit looms

KABUL  – As NATO discusses its exit from Afghanistan at a summit in Chicago, Afghans fear that a meltdown in their corruption-plagued economy could follow the consequent drop in foreign funding. Cash that is desperately needed in one [...]
World leaders attending the G8 summit pose for a photo at Camp David, Maryland, on May 19. The finance ministers of France and Germany are set to hold crisis talks in Berlin, aiming to resolve differences ahead of a key European summit as debt-stricken Greece flirts with a eurozone exit. © AFP/Getty Images Sasha Mordovets

Eurozone woes to dominate Franco-German talks

BERLIN- The finance ministers of France and Germany were to hold crisis talks in Berlin Monday, aiming to resolve differences ahead of a key European summit as debt-stricken Greece flirts with a eurozone exit. Wolfgang Schaeuble hosts Pierre [...]
Jack Ma, head of Chinese Internet giant Alibaba, delivers a speech at his company's annual gathering of entrepreneurs in Hangzhou, in eastern China's Zhejiang province, in 2011. Alibaba is to re-purchase a 20-percent state in itself from US portal Yahoo! for at least $7.1 billion, according to the companies. © AFP/File

Yahoo! to sell stake in China’s Alibaba for $7.1 billion

NEW YORK  – After more than a year of tedious negotiations, struggling US Internet pioneer Yahoo! has agreed to sell its stake in Alibaba, China’s top e-commerce player, for at least $7.1 billion, the companies announced. The transaction [...]
A videographer shoots the side of Facebook's Like Button logo displayed at the entrance of the Facebook Headquarters in Menlo Park, California. The social networking site resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut. © AFP Kimihiro Hoshino

Facebook stock limps into Monday

SAN FRANCISCO – Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut. Second-guessing continued [...]
View of a Cairo neighborhood in 2011. The European Bank for Reconstruction and Development has announced that it had approved an investment of 1.0 billion euros ($1.28 billion) for expansion into North Africa and the Middle East. © AFP/File Mahmud Hams

New era beckons for EBRD bank

LONDON – The European Bank for Reconstruction and Development headed into a new era Saturday after electing its first British president and approving investment for “Arab democracies” at its annual meeting. After years concentrating [...]
Facebook CEO Mark Zuckerberg, seen here in September 2011, has capped the week of a lifetime, changing his own status to married after wedding Priscilla Chan just a day after his company went public, he announced. © AFP/File Kimihiro Hoshino

Facebook’s Zuckerberg changes status, weds Chan

SAN FRANCISCO  – Facebook CEO Mark Zuckerberg capped the week of a lifetime, changing his own status to married after wedding Priscilla Chan just a day after his company went public, he announced. Zuckerberg posted a wedding picture [...]

After flat debut Facebook awaits market verdict

NEW YORK :  Facebook stumbled on its first trading day as shares ended barely above the starting price, raising questions about what will happen to the share price when the Nasdaq reopens on Monday. The stock, priced at $38 on Thursday in [...]
A television crew prepares for a broadcast in front of a 'like' sign outside Facebook headquarters in Menlo Park, California. Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype. © AFP/Getty Images Stephen Lam

Facebook falls flat in market debut

NEW YORK – Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype. The stock, priced at $38 on Thursday [...]
French President Francois Hollande addresses French citizens living abroad at the French Embassy in Washington, DC. Hollande said growth must be the priority, maintaining his stance that austerity measures alone would be insufficient to reverse the crisis in Europe. © AFP/POOL Eric Feferberg

Obama backs Europe growth push

CAMP DAVID, Maryland  – President Barack Obama threw his weight behind France’s demand for pro-growth policies in Europe Friday, as world leaders gathered at Camp David for a G8 summit darkened by Greece’s possible eurozone [...]
A television anchor stands in front of screens showing the start of trading in Facebook shares at the NASDAQ stock exchange. fell again in nervous trade on Friday and the euro hit a new four-month low against the dollar as ratings agencies further downgraded Greek and Spanish banks. © AFP Emmanuel Dunand

Eurozone crisis drives stocks lower despite Facebook frenzy

NEW YORK – World stock markets fell again in nervous trade on Friday and the euro hit a new four-month low against the dollar as ratings agencies further downgraded Greek and Spanish banks. Spooked investors showed little faith that the [...]





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