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Struggling Saab wins reprieve

Struggling car maker Saab gained fresh breathing room in its fight for survival on Wednesday when it won a court appeal to be granted protection from creditors while it awaits Chinese investment.

Opel labor rep says SAIC should get Opel stake

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Opel's labor chief called for U.S. carmaker General Motors Co to offer shares in Opel to its joint venture partner Shanghai Automotive Industry Corporation in a renewed push for more independence.
Greenspan listens to opening statements as he testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill

BRIC Help for Euro Zone Has Echoes of 1998

The world's giant emerging economies have no magic wand to resolve the euro zone's debt problems, but a contribution to its stabilization could still prove powerful, help avert market panic and reap significant non-financial rewards.
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A sign at the entrance to the headquarters of bankrupt Solyndra LLC is shown in Fremont

House Republicans Step Up Probe into Energy Loans

Republican lawmakers are stepping up their investigation into alternative energy loan programs in the wake of the collapse of the Solyndra solar company, the first company to receive such government funding.
People wait in line to enter a job fair in New York

2.8 Million U.S. Jobs Lost Since China Joined WTO: Study

About 2.8 million jobs, both in manufacturing and high-tech fields, have been lost as a result of the growing U.S. trade deficit with China since Beijing's entry into the World Trade Organization in 2001, said an EPI study, which was denounced immediately by the US-China Joint Business Council.
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Quanta says Taiwan staff down as client orders fall

Quanta Computer Inc, the world's largest PC contract maker, said on Wednesday that employees at its Taiwan production line number less than 2,000, down from about 3,000 in the first half, following a decline in client orders.
The Bird Flu Strikes Again

New Bird Flu Outbreak Reported in India

Authorities in eastern India will start culling chickens and destroying eggs to contain a new outbreak of H5 bird flu, the government said in a statement on Tuesday, as a mutant strain of the virus is spreading elsewhere in Asia.
220 kg gold block

Gold to Clear $2,000 in 2012 as Rally Cools: Poll

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
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Japan exports disappoint, could weaken further

Japan's exports rose in the year to August at less than half the pace expected as a global economic slowdown, a strong currency and Europe's sovereign debt crisis put Japan's own recovery increasingly in doubt.
Pedestrians walk outside a bank

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
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IMF calls on Europe to get act together on debt

Europe needs to get its act together and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of severe repercussions for global growth.
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Gold to Top $2,000 Next Year - LBMA Conference Participants

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
A mother casts her vote during the Zambian presidential election,

Zambians vote in 'King Cobra vs RB' election

Zambians voted on Tuesday in a closely contested election between President Rupiah Banda and opposition leader Michael Sata, who has been a critic of foreign investment in Africa's biggest copper producer, most notably from China.
Jacob Zuma

African Union finally recognises Libya's NTC

The African Union (AU) recognised the National Transitional Council (NTC) as Libya's de facto government on Tuesday, removing another piece of diplomatic support for ousted leader Muammar Gaddafi.
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Apple Will Launch Two iPhones - iPhone 5 and iPhone 4-Plus: Rumors

Almost everyday we come across some rumors about Apple’s new i-devices. However, on Monday a big bang came out. It said that Apple will surprisingly release two separate devices: one is the widely expected iPhone 5 and the other is an improved version of iPhone 4, called ‘iPhone 4-plus’.
India-Nepal quake

India Earthquake: Rescuers Push into Isolated Towns

Six thousand troops have been deployed to the India-Nepal border, where a 6.9 magnitude earthquake hit Sunday night. The current death toll has risen to 90 people, about 50 from the Indian state of Sikkim, along with others in Nepal and Tibet.

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