New technology is changing the way cities are run, with cutting-edge urban innovations around the globe. Sprawling, chaotic Rio de Janeiro has built a state-of-the-art operations center as it gears up for two major events.
A Chinese company plans to buy U.S. pork giant Smithfield Foods for nearly $5 billion. The deal may undergo review by an interagency panel known as the Committee on Foreign Investment in the U.S. The panel has played a significant role in shaping foreign investments in this country for nearly four decades.
Researchers who are searching for the famed aviator's remains and the wreckage of her plane say sonar images taken last year show an anomaly that just might be Earhart's Lockheed Electra. Earhart and navigator Fred Noonan disappeared in the mid-Pacific in 1937.
Pledge 51 creates applications for Nigeria's low-tech cellphones. The company thinks it could grow its business with help from foreign investors, but Nigeria's low GDP has made that difficult. If the country changes the way it calculates this figure, that could help Pledge 51 bring in new investment.
This week, the European Union gave some of its member nations more time to meet deficit-reduction targets. In other words, to ease back on austerity. The programs have crushed growth and sent European unemployment to a record high 12 percent.
Syria's government appears to be making gains this week against rebel forces in a hard-fought battle. This comes as Lebanon's Hezbollah sends militia fighters across the border to bolster troops loyal to Syria's president Bashar Assad.
Syrian refugees, newly arrived in neighboring Lebanon, are painting a grim picture of the battle for Qusayr. It is under attack by Syrian government troops and Hezbollah militants from Lebanon. There is no water or electricity and little food in the town that still hosts some 15,000 civilians.
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