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Emerging Nations To Set Up Development Bank

The bank would fund infrastructure projects in emerging and developing countries. But the leaders of the BRICS nations — Brazil, Russia, India, China and South Africa — were unable to agree on how much capital such a bank would need.

With Cyprus On The Ropes, Which Country Will Become The Next Tax Shelter?

Robert Siegel talks to Joseph Cotterill, writer for the Financial Times, about what may happen if the European Union's bailout plan for Cyprus succeeds and which country may be poised to take on the role as the next Cayman Islands of Eastern Europe.

Long After Its Fall, Berlin Wall Is Focus Of New Protests

A developer wants to knock down a remnant of the Berlin Wall to make way for luxury apartments. Some Berlin protesters — and actor David Hasselhoff — have been trying to stop it.