The power struggle in the Middle East between groups backed by Saudi Arabia and Iran risks causing another political impasse in Lebanon, which has been rocked by a spate of car bombs over the past six months.
Companies that successfully fight off “unreasonable” patent lawsuits can get their legal fees paid, the U.S. Supreme Court ruled in a decision that may benefit Google Inc., Apple Inc. and other technology businesses.
Saudi Arabia will probably have to sustain production above 10 million barrels a day for the longest period in more than 30 years as it meets the summer surge in domestic demand and compensates for production losses in Libya.
Militant leaders who are fighting the Iraqi army in the western province of Anbar urged their fellow Sunnis across the country to boycott tomorrow’s vote, where Prime Minister Nouri al-Maliki is seeking re-election.
New Zealand’s Trade Minister Tim Groser said a proposed free trade agreement with the Gulf Cooperation Council awaits the political approval of the oil- rich, six-nation bloc after details were completed.