BODY SNATCHERS: More than 200 foreigners, mostly from the petroleum industry, have been kidnapped and released by militants seeking a share of the sector's wealth
Oil output in Nigeria has plunged by a quarter since the start of last year in the face of political unrest in the Niger Delta, reducing the country's influence in OPEC and limiting the effectiveness of OPEC itself.

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The high-flying euro, which last week soared from record to record against the dollar, has sparked sharply contrasting reactions in France and Germany, with Paris complaining and Berlin applauding.

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The EU's 10 former communist states, which were hit by massive unemployment after they shifted to a market economy almost two decades ago, are now facing a labor shortage, the World Bank said.

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India remains the favored technology outsourcing destination, an industry report said yesterday, amid concerns a rising rupee and soaring wages would blunt the country's competitive edge.

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NO PULLOUT: Sanctions will have a limited affect on altering the behavior of the junta, which hoards all profits made by selling the country's rich resources
Despite global outrage over Myanmar's bloody crackdown on dissent, multinational firms are still vying for the country's rich natural resources, throwing an economic lifeline to the military regime.

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