Libya’s Crisis: Bad News for Oil Prices, Economic Recovery

Even before its outcome is known, Libya’s uprising could leave an indelible mark on the world economy: oil prices have rocketed since Tuesday and could rise even further amid the continuing turmoil that has prompted thousands of foreign oil workers to flee. Libya’s oil output, typically 1.7 million barrels a day, has fallen by more than half since Tuesday, and its energy exports have ground to a complete halt

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Tele2 in a hole over ‘meteor’ publicity stunt

An elaborate publicity stunt by a Swedish mobile phone company involving a faked meteorite strike in a Latvian meadow has provided a new case study on how a marketing campaign can backfire. Metz said Tuesday that IEDs are “much more primitive in Afghanistan” because they use “less military munitions and more homemade explosives.” But he said that although the military has been able to disarm many IEDs, the big challenge going forward is detecting devices using tiny wires.

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