Venezuela

Business, Finance & Economics

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.

Politics

Kidnappers cross into Venezuela

Kidnappings in Colombia are down. But the kidnappers are still busy. Colombian guerrillas and criminal gangs are now crossing the border into Venezuela to find new victims for ransom. John Otis reports from San Cristobal, Venezuela.

Global Scan

For $89 million, this old London Tube station could have been yours

If you've ever wanted to own a London Tube station, you may have just missed your opportunity. The UK Ministry of Defense recently sold a station its held since World War II — for a whopping $89 million. A few hundred miles to the north of that station, in Scotland, the country's politicians have decided to open their doors to Uganda's gay people who may be seeking asylum. Those stories and more in today's Global Scan.