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First air strikes hit Libyan city of Misrata

  Forces loyal to Libya's internationally recognised government have for the first time carried out air strikes on targets in the third largest city of Misrata, which is allied to an armed group that seized the capital in the summer. The internationally recognised Prime...

AirAsia flight goes missing over Indonesian waters

Search operations have been suspended for the night for an AirAsia plane that lost contact with air traffic control while headed from  Indonesia to Singapore with 162 people onboard. On Sunday evening, Indonesian Vice President Jusuf Kalla -- who is leading the...

Will we survive the oil crisis?

The Saudi government, like the rest of the oil exporting countries, has lost 50 percent of its daily revenues ever since the price of the barrel dropped below $60. This shocker is only momentary. The Saudi government is wealthy enough to compensate for the shortfall and reduce some...