Indian Prime Minister Manmohan Singh has been under political pressure to address corruption more directly. New data indicate that corruption concerns are affecting both foreign and domestic investment decisions.
Soaring food prices – such as wheat, which has hit a 2-1/2-year high – could feed political tumult in Africa, despite earlier proclamations that an Egypt-style revolt would not spread to sub-Saharan Africa.
Somali pirates took control of an oil tanker from Kuwait carrying $200 million worth of crude. It's the second oil-tanker hijacking by Somali pirates in two days.
The US economy retains top status, but Beijing's economic engine is shrewdly built – and set to propel China forward fast.
Foreign investors see Africa as a breadbasket. Done well, investment could help with African hunger but create food security for the rest of the world.
Federal Reserve Chairman Ben Bernanke addressed criticisms at the National Press Club in Washington, answering challenges about record-high food and oil prices and the unpopular 'QE2.'
China's President Hu met with US congressional leaders Thursday, amid reports that his country's economy may be overheating, driving up inflation. Is export-dependency the root of the problem?
While many US and European leaders are focused on curbing Iran's nuclear program in 2011, in Tehran the emphasis is more on domestic challenges such as economic reform.
Just as hopes were fading for the US-South Korea Free Trade Agreement, negotiators came to terms on prying open the South Korean motor vehicle market to placate angry US carmakers and labor unions.
The West needs to be careful what it wishes for. Western capitals want China to be more responsible and active, but they don’t like it when Beijing is more assertive. China wants respect, but not responsibility.