NEW DELHI, Dec. 27 (UPI) -- An Indian trade body report says the country's energy sector requires $120 billion to $150 billion over the next five years.
FRANKFURT, Germany, Dec. 27 (UPI) -- The insurance industry faced $75 billion in losses despite a lack of "mega-catastrophes" in 2007, German reinsurer Munich Re said Thursday.
FORT WORTH, Texas, Dec. 27 (UPI) -- Shoppers trying to redeem holiday gift cards at Wal-Mart stores the day after Christmas found their purchase power rejected at the checkout counter.
WASHINGTON, Dec. 27 (UPI) -- Orders for durable goods, products designed to last at least three years, rose 0.1 percent in November, the U.S. Commerce Department said.
TOKYO, Dec. 27 (UPI) -- Sony Corp. said Thursday it will cease production of rear-projection television sets in February and step up marketing of flat screen TVs.
MOSCOW, Dec. 27 (UPI) -- "The issue of confrontation with Russia, especially direct confrontation, is still, unfortunately, kept alive by our Pentagon partners," General of the Army Yuri Baluyevsky, Russia's Chief of the General Staff, said in a mid-December interview with RIA Novosti.
ARLINGTON, Va., Dec. 27 (UPI) -- When Operation Desert Storm ended with a crushing defeat of Iraqi forces in early 1991, many pundits opined that U.S. President George Herbert Walker Bush was assured of re-election. Military success had made the president so popular that it was hard to see what could derail his re-election bid. But Bush's popularity declined rapidly after Desert Storm, and in 1992 he lost the White House to Bill Clinton in an election that had little to do with national security.
U.S. stocks fall on weak durable goods ... Vehicle recalls up 25 percent in 2007 ... Mortgage rates inch up ... British Airways finalizes Boeing 787 order ... News from United Press International.
MOSCOW, Dec. 27 (UPI) -- The last few months of 2007 were good for Russia, which has been fighting this year to affirm its leadership in the hydrocarbons market. And it may have spelled the end for the Nabucco pipeline, which Europe has wanted as a way to bypass reliance on Moscow.
MCLEAN, Va., Dec. 27 (UPI) -- The U.S. housing market saw mortgage rates inch up this week as a report showed home prices in 10 major U.S. cities continued to decline.
SEATTLE, Dec. 27 (UPI) -- British Airways Thursday finalized an order for eight Boeing 787-8s Dreamliner aircraft and 16 787-9s and Brazil's GOL Linhas ordered 34 Boeing 737 jetliners.
WASHINGTON, Dec. 26 (UPI) -- There is one Iraq, but there is also two: the northern, potentially oil-rich region controlled by Iraq's Kurds, and the rest of Iraq. That, says the Kurdish liaison to United Nations efforts in Iraqi Kurdistan, is how the international community should view it.
BAIJI, Iraq, Dec. 26 (UPI) -- The police chief of the Iraqi oil hub Baiji will be dismissed following Tuesday's suicide attack, an Interior Ministry spokesman said.
CINCINNATI, Dec. 26 (UPI) -- The inspiration behind the planned Great American Insurance Building in Cincinnati was originally a tiara worn by Britain's Princess Diana.
BEIJING, Dec. 26 (UPI) -- Shanghai Automotive Industry Corp., China's largest automaker, Wednesday completed its merger with the parent company of Nanjing Automobile Corp.
NEW YORK, Dec. 26 (UPI) -- U.S. crude oil futures closed higher for the third consecutive day at $95.84 per barrel on the New York Mercantile Exchange in light trading Wednesday.
U.S. markets flat despite retail sales ... Holiday sales short of expectations ... States tackle gift card restrictions ... Weaker U.S. dollar spurs some exports ... News from United Press International.
A Palestinian woman farmer collect wheat during the annual harvest season in Rafah, near the Israel border, in the southern Gaza, on May 22, 2012. UPI/Ismael Mohamad
