INTERNATIONAL BUSINESS NEWS ....................
Pope Benedict XVI has not escaped the economic downturn, with donations hit by the global financial storm, official figures showed Saturday. ... more
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As General Motors executives await a key court ruling that will determine whether they can establish a new company, the shape of any future enterprise is already being considered. ... more
Two French companies said on Friday they had won business contracts worth up to 90 million euros from the Iraqi authorities to build naval craft ... more
Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims ... more
A Greek tax office was hit by a bomb blast Friday in an attack blamed on far-left militants, one day after a top judge's car was ... more
The German lower house of parliament approved on Friday a bill that provides for the creation of "bad banks" to help commercial and state-owned banks ... more
China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles ... more
Russian Prime Minister Vladimir Putin on Friday hit back sharply at a claim by US President Barack Obama that he has one foot stuck ... more
Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders ... more
Troubled British Airways said Friday that it would slash capital expenditure by one fifth in the current financial year after posting another ... more
Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year ... more
US authorities on Thursday seized the Manhattan penthouse owned by convicted Wall Street swindler Bernard Madoff, forcing out his wife Ruth who was still living there. ... more
US President Barack Obama said Thursday the latest surge in job losses was "sobering," after new government figures pushed the unemployment rate to a new 26-year high of 9.5 percent. ... more
Renault-Nissan will hold large-scale tests for its new electric cars in the Paris and Milan regions next year ahead of planned mass production from 2012, the Franco-Japanese auto group said Thursday. ... more
The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens. ... more
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Russian Prime Minister Vladimir Putin walks through a field in Vyselki during a routine working visit to the wheat fields of the Agrokoplex farm.@AFP ...
