The world’s largest oil companies from Royal Dutch Shell Plc to Exxon Mobil Corp. are likely to reassess deals to drill in Ukraine where political crisis is threatening a promising source of new profits as well as the country’s drive for energy independence.
Europe’s biggest stockpiles of natural gas since at least 2009 are damping the threat of any potential disruptions in supplies from Ukraine, the main transit route of Russian fuel to consumers in the west.
Standing outside a Cinnabon store in the mountains in Sochi, Ksenia Zotova dragged on a menthol cigarette and said she didn’t realize Russia planned to make the Winter Olympics its biggest-ever smoke-free event.
Even by the abrasive nature of Australian political sparring, the war of words between Prime Minister Kevin Rudd and Rupert Murdoch, who controls more than two-thirds of the nation’s urban newspaper market, is shaping up to be the most acrimonious in its election history.
Amid the cloying dust, blaring car horns and beggars’ wails that echo through the ancient streets of Kathmandu, Nepal, a familiar sound emerges: the strains of pop star Psy’s “Gangnam Style.” In front of a crowd of giggling teenagers, a 50-year-old woman dances, blond hair flying, arms waving.
Architects of the float of Australia’s dollar, trading at a similar level to when exchange controls were lifted 30 years ago, say the currency must devalue and economic reform be renewed to avert a recession.
Qantas Airways Ltd. Chief Executive Officer Alan Joyce is trying to appease passengers while facing a 21-day deadline to settle labor disputes that spurred him to shut down Australia’s largest airline.