Egypt has raised mainstream fuel prices by up to 78 percent, which has been in effect since midnight of July 4, 2014, following on a promise to cut subsidies that eat up nearly a quarter of the government's budget.
Alstom's CEO, Patrick Kron says the French heavy engineering firm's agreement to sell off most of its power generation business to the US rival General Electric Co. will save jobs and protect France's national interests.
China and Vietnam went back on speaking terms on June 18, 2014, but concrete progress wasn't made and there was no sign of compromise on the critical issue of an Chinese oil rig operating in disputed waters.
Nuclear talks between Iran and world powers have been under way in Geneva, focusing on efforts to agree upon a six-month suspension of Iran's nuclear activities in exchange for limited relief for Tehran from Western sanctions.
Oil company BP and the maker of Budweiser beer have joined the ranks of World Cup sponsors calling for soccer's rulers to tackle corruption allegations over the awarding of the 2022 tournament to Qatar.
Saudi Arabia has invited Iran’s foreign minister for a visit, hinting at a cautious thaw between the two bitter rivals. Saudi officials wouldn’t say when the invitation was made, but did say they haven’t received an answer yet.