Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
Top officials from the United States, European Union and Brazil on Friday awaited a pivotal World Trade Organization ruling on subsidies to Airbus that stands to impact the global aircraft sector.
Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
Global carmakers are lining up to make India, home of Tata Motors' (TAMO.BO) Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move to compact, fuel-efficient vehicles.
Google, fighting to gain ground on China's Baidu's dominant search lead in the country, confirmed the departure of its China president on Friday and said its regional sales head would take over Lee Kai-Fu's business and operational responsibilities.
Asian stock markets mostly edged higher on Friday, underpinned by encouraging U.S. retail sales but cautious ahead of a U.S. payrolls report, while the Aussie dollar was supported by a spike in gold prices.
At first glance, one might think this Buddhist shrine belongs in a science-fiction movie. Or somewhere in Las Vegas.
Carmakers Daimler AG (DAIGn.DE) and Porsche (PSHG_p.DE) plan short working hours at plants in Germany later this year, abandoning hopes that a year-long sales swoon could reverse quickly.
World Trade Organization judges will rule on Friday for the first time on whether the European Union handed out illegal subsidies to Airbus in a verdict that could affect planemakers worldwide.
U.N. Secretary-General Ban Ki-moon called on Thursday for swifter work on a climate treaty, saying inaction could spell economic disaster and a rise in sea levels of up to 2 meters (6.5 ft) by 2100.
The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
Japan's new leader and Washington's envoy bonded over a football helmet on Thursday as they sought to allay concerns about their alliance after an election win by Yukio Hatoyama's party, which has pledged a more independent diplomatic course.
China rejected on Thursday claims by two U.S. journalists that they were seized on Chinese territory before being dragged into North Korea and jailed there for illegal entry into the reclusive state.
The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
Stock index futures rose on Thursday, ready to snap a four-day losing streak as retailers posted better-than-expected August sales and as investors wait for weekly jobless claims data.
China plans new rules to allow foreign companies to set up local units in the form of a locally registered partnership, in a landmark move to attract investment, a draft proposal seen by Reuters showed on Thursday.
World stocks ticked higher on Thursday, bolstered by firmer Chinese shares, while the euro gained and the region's government bonds slipped ahead of a European Central Bank monetary policy decision.
China Unicom will probably launch a Wi-Fi-enabled iPhone in China, Sina Tech reported on Wednesday, citing an unnamed source close to the country's internet watchdog.
Rolling Stones drummer Charlie Watts has not quit the band, a spokeswoman said on Wednesday, denying a news report from Australia.
European shares closed lower for a third straight day on Wednesday, with financial stocks suffering the most, as investors took profits after a strong run in recent months.
Taiwan officials have asked the Dalai Lama to cancel public speeches and media events on the island under pressure from an angry China, which fears he will talk politics, a Tibetan legislator said on Wednesday.
Two U.S. journalists held by North Korea for illegal entry admitted they crossed into the reclusive state, but said North Korean guards arrested them on the Chinese side of the border and dragged them back into the country.
