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Without reforms, Gulf oil wealth could vanish by 2034: IMF

Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned Thursday. "At the current fiscal stance, the region's financial wealth could be depleted by 2034," the International Monetary...

High-speed train derails in northern Italy, two drivers die

A high-speed train derailed in northern Italy in the early hours of Thursday, killing its two drivers, injuring scores of people and disrupting traffic on the busy line between Milan and Bologna. The train skipped the tracks while traveling at an estimated 280 kph (175 mph), with the front...