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Other stories
US auto sales collapse amid economic crisis
Sales dropped 34 per cent; every major automaker took a massive hit last month.
US automakers' desperate bailout plea gaining support
Little choice about helping US automakers - they support one in 10 American jobs.
China shuns western FIs
The head of China's sovereign wealth fund said he had lost confidence in Western financial institutions. -AFP
Thai risk ratings worsening
Thailand's country risk profile is worsening despite a temporary respite in protests. Reuters
Stricken big 3 unveils plans
3 American automakers unveiled plans to revamp as they begged Congress for loans. -ST
BoE to cut rates further
Bank of England will slash British borrowing costs for a second month running. -AFP
No haven for laid-off
As Britain slips into recession, ailing charities are struggling to absorb the unemployed. -Reuters
Australia open to merger
They threaten to slam opportunity shut if threat of Qantas being taken over is felt. -Reuters
Chrysler asks for US$7b aid
Needs loan by year-end to survive the financial storm.
GM may axe 31,500 jobs
Plans to reduce its total US employment by 2012. -AFP
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