The Star Japan supertanker probe reveals smashed hull FUJAIRAH/TOKYO (Reuters) - A Japanese supertanker that reported suffering an "explosion" near the Strait of Hormuz oil shipping route may have hit a submarine or a mine , UAE port officials examining ... (photo: AP / Emirates News Agency) Accident Japan Mideast Photos Shipping Houston Chronicle Shell profit rises to $4.4 billion in second quarter Royal Dutch Shell , Europe's largest oil company, posted a 15 percent increase in second- quarter profit on higher oil prices and production as it exceeded a target for cost savings. Net income rose to ... (photo: WN / Renzelle Mae Abasolo) Dutch Europe Photos Shell Wikipedia: Royal Dutch Shell Top Stories The New York Times Fed Member's Deflation Warning Hints at Policy Shift WASHINGTON — A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy, amid increasing signs that the ... (photo: AP / Charles Dharapak) Economy Federal Reserve Photos US Wikipedia: Deflation Breitbart Stocks up on AstraZeneca, Bayer, telecom earns Specialist Michael Sollitto, right, directs trades at his post on the floor... LONDON (AP) - World stock markets mostly rose Thursday after another batch of positive ... (photo: WN / Renzelle Mae Abasolo) London Photos Stock Telecom Wikipedia: DAX The New York Times Cameron Defends His Criticism of Pakistan On Thursday in India , Prime Minister David Cameron of Britain defended remarks he had made a day earlier about the need for Pakistan to not give haven to terrorist ... (photo: AP / Saurabh Das) Pakistan Photos Terrorism UK Wikipedia: Pakistan's role in the War on Terror The New York Times Comeback Heralded for Japan Giants in Electronics TOKYO — Buoyed by a long-awaited turnaround in its television and video game businesses, Sony said Thursday it swung to a net profit of ¥25.7 billion, or $293.9 ... (photo: AP / Itsuo Inouye) Business Electronics Japan Photos Wikipedia: Sony The Guardian It's India's poor who need British aid, not its military and business elites This week David Cameron flew to India in a chartered plane, accompanied by six ministers , innumerable corporate chiefs, and even a few Olympic medallists. Cameron has ... (photo: WN / Aruna Mirasdar) India People Photos Politics Wikipedia:Poor Star Tribune Germany's Volkswagen says 2nd-quarter profit soars to $1.6 billion amid strong Chinese demand BERLIN - Sales at Volkswagen AG motored ahead in the second quarter, thanks in part to strong demand from China and helping to push earnings sharply higher to euro1.25 ... (photo: creative commons / ) Automaker Germany Market Photos Volkswagen