Obama calls for new truck fuel standards

US President Barack Obama on Tuesday ordered officials to start setting new fuel efficiency standards for medium and heavy trucks, wielding his executive power in the fight against climate change.

UN official: World failing over climate change (Update)

(AP)—International leaders are failing in their fight against global warming, one of the United Nations' top climate officials said Tuesday, appealing directly to the world's voters to pressure their politicians into taking ...

Report: US spied on Brazil's Petrobras, Google

Documents leaked by Edward Snowden indicate the National Security Agency spied on Brazil's state-run oil company, the private computer networks of Google and a company that facilitates most of the world's international bank ...

US boom transforming global oil trade

The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle ...

China's Alibaba posts 16.6% rise in 2011 net profit

Chinese Internet company Alibaba on Tuesday posted a net profit of 1.71 billion yuan ($271.48 million) in 2011, up 16.6 percent over the previous year, but with weakness in the fourth quarter.

To create 2.4 million jobs invest excess corporate cash: study

U.S. corporations have far less cash on hand to invest than popularly believed - but enough to provide a significant economic stimulus and renewed employment growth in the midst of a tepid economic recovery, concludes a new ...

Samsung Group to invest record $41.56 bln this year

South Korea's Samsung Group announced it would invest a record 47.8 trillion won ($41.56 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom.

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