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.
<P>Billions of dollars of deals are being done at the Farnborough air show, but does this mean a recovery in the airline industry?</P>
<p><span style="font-size: 11pt; font-family: Arial;">The “great vampire squid wrapped around the face of humanity” agreed to pay $550 million to settle fraud charges.</span></p>
<P>Chinese credit rating agency downgrades Western sovereign credit ratings.</P>
<P>With his emergency budget, the UK's<A></A> finance minister has made a start in the task of scaling back the country's welfare state - but he just didn't cut deep enough!</P>
<p>As BP's reputation and stock prices take a beating in the aftermath of the Gulf of Mexico oil leak, the energy giant could become a tempting takeover target.</p>
