Abid Ali has more than a decade of experience covering global business.
Before joining Al Jazeera as business editor in 2008, he edited and copyedited business news at CNN - both on air and online. He has also covered markets and big industry as a reporter for Bloomberg News.
The Murdochs, masters of negotiations and deal making , are now playing a masterful hand by closing the doors of News of the World. By doing so, they are opening an opportunity to focus its attentions elsewhere.
The "West" is quick to point the finger at OPEC whenever oil prices are on the rise, but when nations outside the organisation produce 60 per cent of the world's supply there are other countries who need to take some responsibility.
<P>Beijing's interest in euro zone debt masks its hope that Europe will eventually flout US pressure and lift its embargo on selling arms to China.</P>
<P>Qatar's national carrier mulls plans to order more A380 superjumbos despite Airbus' recent trouble with faulty engines.</P>
<P>The <A href="http://www.reuters.com/article/idUSLDE6AN0IZ20101124">lady</A> who triggered the latest crisis that has Ireland taking its begging bowl to the European Union and International Monetary Fund is at it again. And she’s right.</P>
