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AP – The best hope for stopping the flow of oil from the blown-out well at the bottom of the Gulf of Mexico has been compared to hitting a target the size of a dinner plate more than two miles into the earth, and is anything but a sure bet on the first attempt.
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AP – Giving up your airline seat may become a little less painful.
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Reuters – There will be considerable discussion about state of the European economy at the G20 meeting of finance officials and central bankers in Busan, South Korea, this weekend, a senior Canadian finance official said in a briefing on Monday.
AP – The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke says.
AP – Amid a growing corruption scandal, Algeria’s president has fired the CEO and all top managers at the state-owned oil firm that dominates the North African country’s economy, local media reported Monday.
Reuters – Advanced economies face years of anemic growth and the risk of a double-dip recession as their citizens have to cope with sluggish employment and highly indebted governments, economist Nouriel Roubini said on Monday.