Authorities on Friday seized the Bank of Antigua as sweeping fraud allegations piled up against Texas financier and cricket impresario Allen Stanford. Peru, Panama, Ecuador, Venezuela and Colombia have also taken action against his banks.
Sanctions are used by the United States and its allies to try and force Iran to abandon its nuclear programme. The US also has asked Iran's Middle Eastern neighbors to comply. For the country of Dubai it is difficult, perhaps impossible.
A new lawsuit launched Thursday by the US Justice Department against Swiss bank UBS has sent shivers throughout the Alpine nation. US authorities are attempting to force the bank to disclose the identities of some 52,000 US customers.
On a rare visit to Gaza by a US political leader, Senator John Kerry (centre) visited the territory Thursday. Saying his presence did not mark a shift in policy on the region, Kerry nevertheless stated that the US seeks "to listen and to learn".
Authorities are trying to track down Texas financier Allen Stanford as fraud charges against him prompted panic among his investors. The Securities and Exchange Commission said the alleged fraud was of "shocking magnitude".
Ahead of US Secretary of State Hillary Clinton's visit, Chinese foreign ministry spokeswoman Jiang Yu said China was willing to work with the US on climate change. The two giants are the world's largest emitters of greenhouse gases.
A US judge has ruled against a couple who accused Google of invading their privacy by publishing a 'Street View' picture of their house on its online maps. The judge rejected their claim that Google owed them cash damages.