Category: Business News

Belarus President Re-Elected, Others Cry Fraud

The authoritarian leader was declared the winner of an election condemned by international monitors and his challengers, as police rounded up carol-singing protesters near the prison where most of the challengers are held. The Central Election Commission said Friday that President Alexander Lukashenko won 79.6 percent of Sunday’s vote. » E-Mail This     » Add to Del.icio.us NPR Topics: News

As Germany Ends Draft, Fears Of A Labor Shortage

Germany’s government has announced plans to scrap compulsory military service and optional community service. That’s left many social service agencies deeply worried. They rely on the 90,000 conscripts who opt for the alternative community service. » E-Mail This     » Add to Del.icio.us NPR Topics: News

Oil near 2-year high on cold, risk appetite (Reuters)

Reuters – Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally. Yahoo! News: Business News

Global stocks and oil rise in festive cheer (Reuters)

Reuters – World stocks held near the previous day’s two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011. Yahoo! News: Business News

EPA Moving Unilaterally To Limit Greenhouse Gases

Stymied in Congress, the Obama administration is moving to clamp down on power plant and oil refinery greenhouse emissions, announcing plans for developing new standards over the next year. » E-Mail This     » Add to Del.icio.us NPR Topics: News

Shell Pushes Forward To Drill Well In Arctic

Shell has spent more than $ 3.5 billion on federal leases and preparations to drill in the Beaufort and Chukchi seas. Company officials are trying to demonstrate that it can not only drill responsibly, but also clean up an oil spill if something goes wrong. But environmental groups say it’s not worth the risk. » E-Mail This     » Add to Del.icio.us NPR Topics: News

Japan meets budget targets but faces hurdles (Reuters)

Reuters – Japan’s government has managed to meet caps on spending and new bond issuance in compiling a budget for the year from next April, the finance minister said on Friday, as the government struggles to mend tattered public finances. Yahoo! News: Business News