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Oil prices climbed to a record above $142 a barrel in Asian trading Friday as the U.S. dollar's protracted slump prompted investors to flock to oil as a hedge against inflation.
Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.
Negotiations between the United States and Libya that could result in compensation for past acts of state-sponsored terrorism by Libya are under way, a senior State Department official said Friday.
Nearly 20 years after the terror bombing aboard Pan Am Flight 103 killed 189 Americans, the Bush administration is trying to resolve a bitter dispute between U.S. terror victims and Libya -- while still boosting oil supplies.
The U.N. Security Council failed to reach a consensus when it met to consider condemning an attack that killed eight people at a prominent Jewish seminary as an act of terrorism.
After years as an international pariah, Libya on Thursday ascended the world stage, taking over the rotating post as president of the U.N. Security Council.
Four years after renouncing terrorism and abandoning its WMD programs, Libya Tuesday won a two-year term on the U.N. Security Council.
Iran's acting oil minister said Monday he's convinced there are ample supplies of crude on world markets, joining Kuwait and Libya in signaling that OPEC will maintain its current output targets at this week's meeting.
U.N. Secretary-General Ban Ki-moon and Sudanese President Omar al-Bashir said Thursday that new peace talks to end the four-year conflict in Darfur will start October 27 in Libya.
Libya is once again turning on the spigot.
Oil prices climbed to a record above $142 a barrel in Asian trading Friday as the U.S. dollar's protracted slump prompted investors to flock to oil as a hedge against inflation.
Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production and an OPEC official said crude could hit $170 a barrel this summer.
Negotiations between the United States and Libya that could result in compensation for past acts of state-sponsored terrorism by Libya are under way, a senior State Department official said Friday.
Nearly 20 years after the terror bombing aboard Pan Am Flight 103 killed 189 Americans, the Bush administration is trying to resolve a bitter dispute between U.S. terror victims and Libya -- while still boosting oil supplies.
The U.N. Security Council failed to reach a consensus when it met to consider condemning an attack that killed eight people at a prominent Jewish seminary as an act of terrorism.
After years as an international pariah, Libya on Thursday ascended the world stage, taking over the rotating post as president of the U.N. Security Council.
Four years after renouncing terrorism and abandoning its WMD programs, Libya Tuesday won a two-year term on the U.N. Security Council.
Iran's acting oil minister said Monday he's convinced there are ample supplies of crude on world markets, joining Kuwait and Libya in signaling that OPEC will maintain its current output targets at this week's meeting.
U.N. Secretary-General Ban Ki-moon and Sudanese President Omar al-Bashir said Thursday that new peace talks to end the four-year conflict in Darfur will start October 27 in Libya.
Libya is once again turning on the spigot.
In the wake of its release of six Bulgarian prisoners, Gaddafi Jr. talks to TIME about the country's diplomatic rehabilitation
French President Nicolas Sarkozy brokers a diplomatic triumph for six Bulgarian medics detained in Libya for the past eight years on murder charges
The French President looks set to win the freedom of six improperly imprisoned foreign medical personnel. But some suspect he's grandstanding
Five Bulgarian nurses and a Palestinian doctor were pardoned by President Georgi Parvanov upon their arrival in Sofia on Tuesday after spending eight-and-a-half years in prison in Libya.
The death sentences for five Bulgarian nurses and a Palestinian doctor accused of infecting hundreds of Libyan children with HIV have been commuted to life in prison, Libya's foreign minister said Tuesday
With the case of imprisoned Bulgarian nurses about to be settled, the West's old enemy is refurbishing his image
Libya's Supreme Court on Wednesday upheld the death sentences of five Bulgarian nurses and a Palestinian doctor convicted of infecting more than 400 children with HIV
A Scottish ruling has thrown the 1998 bombing's only conviction into doubt. What it means for the accused, the U.K., the U.S., Libya and the victims' families.
A wilderness of sun-baked plateaus, palm-fringed oases, and mesmerizing sand seas, the Sahara measures nearly 3.5 million square miles, and reaches into 10 countries. Of those, Niger and Libya arguably offer the most impressive scenery, while Morocco is attractive because of convenient flights, great cities like Marrakech, and the fact that U.S. citizens staying less than three months don't need visas.
Italian authorities announced Tuesday they have uncovered an arms smuggling ring in which more than 500,000 weapons and ammunition from Russia and China were going to be funneled to Iraq and Libya.
When people ask me what I think is the most important trend in technology today, I always answer the same way. It's not Web 2.0, Open Source software or Google's growing power. The most important trend in technology is how it is boosting economic development around the world.
The tech boom now underway is profoundly different from any that has come before. It is broader and probably longer-lasting in its impact on tech companies, and more transformative macroeconomically. There are two reasons. First, everybody wants technology. And second, technology has become radically easier to create.
International borders used to be the biggest barrier to entry for Americans interested in starting a business overseas. But today, as more nations ease trade regulations and restrictions on foreign...
A nation emerging from international pariah status is a blank slate for investors.
World Cup debutants Ukraine warmed up for the finals in Germany with a 3-0 friendly victory over Libya in the Swiss town of Gossau on Monday.
Share your city secrets to help make life on the road easier for fellow business travelers.
Normal diplomatic relations between the U.S. and Libya could result in more contracts for American oil companies, just when it's getting harder to do business in some Latin American countries.
The United States is restoring full diplomatic relations with Libya and removing the North African country from its list of state sponsors of terrorism after 27 years, the State Department announced Monday.
Iran's foreign minister has called for an end to violent protests over cartoons of Prophet Mohammed that have swept across the Muslim world after the images were published in several European newspapers.
Sixteen people were killed and 11 churches were burned Saturday in Nigeria as part of the continuing violence over cartoons of Islam's Prophet Mohammed.
Eleven people were killed and an Italian consulate was burned in Libya on Friday night during protests to denounce the publication of cartoons depicting the Prophet Mohammed, sources in Libya said.
African football giants Morocco made a tame first-round exit from the Nations Cup after a drab 0-0 draw with Libya in Cairo on Saturday.
Didier Drogba pointed the way as the Ivory Coast became the first side to reach the African Nations Cup quarterfinals following a 2-1 win against Libya in Cairo on Tuesday.
Striker Didier Drogba converted a first-half penalty to give Ivory Coast a 1-0 victory over Morocco in their African Nations Cup opener on Saturday.
Mido's goalscoring streak for Tottenham is good news for Egypt's hopes of winning the African Nations Cup, says national coach Hassan Shehata.
The Libyan Supreme court has overturned the death sentences of five Bulgarian nurses and a Palestinian doctor convicted of infecting hundreds of children with the HIV virus, according to Libya's official news agency.
Libya. Rwanda. Croatia. Nicaragua. We expect to see these names on the evening news, not travel brochures. A war or another well-publicized horror can keep tourists away for generations, but these ...
Libya. Rwanda. Croatia. Nicaragua. We expect to see these names on the evening news, not travel brochures.
Tottenham Hotspur striker Mido has been recalled to the Egypt squad for this month's World Cup qualifier against Libya.
Al-Saadi Kadhafi, the son of the Libyan leader, will captain his country's soccer team on a two-match tour of Australia next month.
Saudi Arabia says it is withdrawing its ambassador to Libya and ordering out its envoy in response to reports that Tripoli plotted to assassinate Saudi Crown Prince Abdullah.
A prominent American Muslim leader who admitted playing a role in a Libyan plot to assassinate the crown prince of Saudi Arabia was sentenced Friday to 23 years in prison for related financial crimes.
The following is a partial transcript of the debate between President Bush and Sen. John Kerry held Thursday night at the University of Miami. The topic of the debate is foreign affairs, and the moderator is Jim Lehrer of PBS:
For the first time in more than 25 years, a U.S. secretary of state has met with the Libyan foreign minister.
President Bush on Monday signed an executive order lifting the remaining U.S. commercial sanctions against Libya after determining the African nation has met all of the U.S. requirements for eliminating its programs on weapons of mass destruction, CNN has learned.
The United States has told Libya it has met all of its requirements for eliminating its programs on weapons of mass destruction, CNN has learned.
A prominent U.S. Muslim leader told a court that he was involved in an alleged Libyan plot to assassinate Crown Prince Abdullah of Saudi Arabia.
An American Muslim leader is expected to admit being involved in an alleged Libyan plot to assassinate Saudi Arabia's crown prince, CNN has learned.
The World Trade Organization has agreed to start talks with Libya on its possible entry into the 147-nation body, according to reports.
The United States resumed direct diplomatic ties with Libya on Monday after 24 years, the State Department said.
Squinting against the harsh Libyan sun, the American oilmen emerge from a line of idling black Mercedes sedans and make their way into a low-slung building near Tripoli's sleepy international airpo...
Saudi Arabian and U.S. authorities are investigating an alleged plot by Libyan leader Moammar Gadhafi to assassinate the ruler of Saudi Arabia, Crown Prince Abdullah, according to law enforcement authorities in both countries.
A leaked report from the International Atomic Energy Agency says that highly enriched uranium was found in centrifuges in Libya's nuclear facilities, a diplomat who has seen the document said Friday.
U.S. officials say international inspectors have uncovered evidence North Korea may have supplied Libya with a key ingredient used in making nuclear weapons.
Libya has told the United States it will halt military trade with countries believed to be proliferating weapons of mass destruction, the State Department said Thursday.
A Libyan court has sentenced five Bulgarian nurses and a Palestinian doctor to death for infecting hundreds of children with the AIDS virus in an attempt to find a cure for the disease.
International acts of terror in 2003 were the fewest in more than 30 years, according to the U.S. State Department's annual terrorism report released Thursday.
Libyan leader Moammar Gadhafi has appealed to all nations to follow his country's example and eliminate all weapons of mass destruction.
The Bush administration lifted most U.S. sanctions against Libya on Friday, opening the way for U.S. investments and commercial activities but still forbidding air travel and some exports to the country, the White House said.
The United States is poised to lift sanctions against Libya in the coming days in response to the country's progress in dismantling its weapons of mass destruction program, State Department officials said Tuesday.
While the terrorist threat in Iraq has increased, Libya is among the safest places to do business, according to a new global risk assessment.
Oil giant Shell has confirmed its return to Libya by signing a landmark agreement with the country's national oil company.
British Prime Minister Tony Blair has met Libyan leader Moammar Gadhafi for historic talks. CNN anchor Monita Rajpal discussed the implications of the visit with Gary Samore, a senior fellow of the International Institute for Strategic Studies who previously advised the Clinton administration on weapons issues.
Libya can be an important partner in fighting terrorism if it fulfills its pledge to give up weapons of mass destruction, UK Prime Minister Tony Blair has said following a historic meeting with Moammar Gadhafi.
British PM Tony Blair has praised Libyan President Moammar Gadhafi for his decision to renounce terrorism and weapons of mass destruction.
U.S. Assistant Secretary of State William Burns met with Moammar Gadhafi in Libya on Tuesday amid speculation that the United States may soon lift sanctions against the North African nation.
A cargo ship has left Libya carrying the last of the equipment that Moammar Gadhafi's government had used for its nuclear weapons program, a White House spokesman says.
The Bush administration on Thursday lifted the U.S. government's 23-year-old ban on travel to Libya a day after Tripoli reaffirmed its responsibility for the 1988 Pan Am 103 terrorist bombing.
The Bush administration put off plans to lift travel restrictions on Americans to Libya after the country's prime minister said Tripoli was not responsible for the Pan Am 103 bombing and accepted blame only to "buy peace" with the West, a senior State Department official said Tuesday.
The Bush administration will lift nearly 20-year-old U.S. travel restrictions to Libya to reward Tripoli for ending its weapons of mass destruction programs, an administration official said Monday.
Libya produced a small amount of plutonium as part of a secret program aimed at developing a nuclear weapon, the U.N.'s nuclear watchdog has said.
The Bush administration is expected to lift travel restrictions to Libya next week as a reward for the nation's compliance with a pledge to end its weapons of mass destruction program, a senior State Department official said Friday.
A U.S. diplomat has been sent to Tripoli, establishing the first diplomatic presence in Libya in decades, a State Department official said Tuesday.
The U.N. Security Council on September 12, 2003 lifted sanctions against Libya, triggering the release of up to $2.7 billion to the families of the 270 people killed in bombing of a Pan Am airline over Lockerbie, Scotland, in 1988.
UK Prime Minister Tony Blair plans to visit Libya "as soon as convenient" to meet leader Moammar Gadhafi, a further sign of improving relations between Britain and the former pariah state.
CIA Director George Tenet was wrong when he said this week that Malaysia had closed a plant that made a critical component for Libya's nuclear weapons program, a U.S. official has said.
The United States could lift a ban on travel by U.S. citizens to Libya if the African nation continues to make progress on its commitment to end its weapons of mass destruction programs, the U.S. Embassy in London said Friday in a written statement.
U.S. and UK officials have met a Libyan delegation for talks on bringing the former pariah state in from the cold, ahead of a landmark visit by Tripoli's foreign minister to Britain next week.
CIA Director George Tenet on Thursday defended the prewar U.S. intelligence estimate of Iraq's weapons capabilities and rejected suggestions that political pressure influenced the agency's assessment.
The man who founded Pakistan's nuclear program has confessed to transferring nuclear technology to North Korea, Iran and Libya, a government official told CNN Monday.
A U.S plane filled with Libyan nuclear components landed this morning at a U.S. facility in Knoxville, Tennessee, for destruction, a senior administration official said.
A delegation of U.S. politicians has met with Libyan leader Moammar Gadhafi during a landmark visit to Tripoli.
Outlined below is a list of key quotes from U.S. President George W. Bush's State of the Union speech Tuesday night, with regard to nations such as North Korea, Iraq and Libya:
Libya has ratified the nuclear test ban treaty, a U.N. agency said, less than three weeks after the North African country publicly renounced its weapons of mass destruction.
France has praised the signing by Libya of a $170 million compensation deal with the families of 170 people killed in a 1989 airliner bombing.
Libya is expected to sign a new compensation deal Friday with the families of 170 people killed in the 1989 bombing of a French UTA airliner, the chief negotiator for the families said.
U.S. officials have concluded that Libya obtained key nuclear weapons technology and assistance from Pakistan but have not seen any evidence that President Pervez Musharraf was aware, two Bush administration officials have told CNN.
Gaddafi's decision to come clean on nukes could help inspectors in other rogue nuclear nations
President Bush signed an order Monday that keeps in place sanctions on Libya first enacted during the Reagan administration in January 1986.
NORMAN J. ORNSTEIN, 43, of the American Enterprise Institute, a private Washington, D.C., research group: ''We have got a world that is clearly going to be dominated more by geoeconomics than by ge...
When U.S. jets bombed Libya, the world braced for a round of terrorist retaliation. Yet the international business community's initial response was calm. The Dow Jones industrial average paused onl...
Calling Libya ''a threat to the national security and foreign policy of the United States,'' President Reagan severed virtually all economic ties and impounded Libyan assets in the U.S. Reagan cite...
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