The Bank of England says it expects inflation to hit 5% this year, due to higher fuel bills that could rise by up to 15%, and revises down its growth projection.
Syria cuts a deal and gives up its quest for a seat on the UN Human Rights Council, for now. Some see a victory for higher standards on human rights, but critics of the body say the selection process is still flawed.
Newly published findings that Venezuela financed the FARC rebel group in Colombia seem unlikely to harm growing economic and diplomatic links between the two countries.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Deep in hiding, his terror organization becoming battered and fragmented, Osama bin Laden kept pressing followers to find new ways to hit the U.S., officials say, citing his private journal and other documents recovered in last week's raid.
AP - Floodwaters from the bloated Mississippi River and its tributaries spilled across farm fields, cut off churches, washed over roads and forced people from their homes Wednesday in the Mississippi Delta, a poverty-stricken region only a generation or two removed from sharecropping days.
AP - Two earthquakes struck southeast Spain in quick succession Wednesday, killing at least 10 people, injuring dozens and causing major damage to buildings, officials said. It was the highest quake-related death toll in Spain in more than 50 years.
Anxiety intensified across the volatile Syrian landscape, with deadly confrontations erupting in two major flash point cities and fearful people fleeing across the border.
The swollen Mississippi River rolled south Wednesday as communities along its delta braced for flooding, and vast farms remained under threat as it left a trail of submerged homes.
Resilience got Louisianans through what's known as the Flood of 1973 and it will again, says everyone from the governor to local residents once again facing the threat of floods.