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Half-price BMW, anyone? South Africa feels the squeeze
When Zafar Wahid, a project manager with Liberty Life insurance company, was relieved of his car at gunpoint in Johannesburg recently, he knew exactly where to go to get a knock-down replacement. On an unseasonably cold summer's evening, Wahid, still wearing his work trousers and tie, walks past a string of cars in Burchmore's...

Half-price BMW, anyone? South Africa feels the squeeze

Five former Khmer Rouge face trial in murder of British deminer
Five former Khmer Rouge soldiers went on trial Friday in the Cambodian capital, charged in the 1996 murders of a British deminer and his Cambodian translator. Briton Christopher Howes and his interpreter, Houn Hourth, were abducted along with a group of Cambodian co-workers in March 1996 by Khmer Rouge guerrillas while clearing...

Five former Khmer Rouge face trial in murder of British deminer

Kenyans Vote in Presidential Election Preceded by Violence (Update)
Kenyans headed to the polls Thursday in the country's closest-ever elections that provoked fears of fraud and violence in a country known for relative stability, but were generally calm with only minor violations. Most polling stations closed down around 5 p.m. (1400 GMT) except for a couple in Kibera, East Africa's largest slum,...

Kenyans Vote in Presidential Election Preceded by Violence (Update)

French Tourists Killed in Mauritania
Three armed men on Monday attacked a French family in the desert near the Mauritanian city of Aleg and killed four of members, the local police chief said. Two small children had been among the victims, it was said. The family had come to the Saharan country for a holiday, according to the police. Only the father survived with...

French Tourists Killed in Mauritania

Senegal Returns to Calm after Clashes
According to local media reports, security forces were patrolling Senegal's capital Thursday, where streets were reopened to traffic a day after hundreds of young men protesting a move to clear the city of hawkers clashed with police throughout Dakar. The government late Wednesday agreed to allow vendors back onto certain streets,...

Senegal Returns to Calm after Clashes
 

Sydney finally gets congestion tax
Sydney on Tuesday joined London, Singapore and other big cities in charging motorists for driving into the central business district (CBD) at peak times. But the New South Wales state government is denying that a toll levied on cars coming over the famous Harbour Bridge into the city that varies according to the time of day is a...

Sydney finally gets congestion tax

Clean-Up Begins in New Zealand After Powerful Quake
Part of the earthquake-stricken New Zealand city of Gisborne remained behind barricades and under a state of emergency on Friday night as civil defence chiefs told residents to check on their neighbours nearly 24 hours after a disastrous shake. An elderly woman, who reportedly suffered a heart attack just after the quake struck on...

Clean-Up Begins in New Zealand After Powerful Quake
 

Bad Start for DTV Transition
NASCAR driver David Gilliland got off to a rocky start when a late-race accident on Sunday caused him to finish 32nd out of an original 43-car field. He is sponsored by the FCC and the crash almost ruined his DTV Transition Ford. FCC gave him a $350,000 sponsorship in three short-track races. In a race summary on his Web site, Gilliland...

Bad Start for DTV Transition

The 2009 Prius To Come With Solar Panels
On Monday, The Nikkei, the most important business newspaper in Japan, talked about Toyota’s 2009 plans for its Prius hybrid model. According to the popular publication, the company will use solar panels for the upcoming generation of automobiles.It seems the new Prius will feature rooftop solar panels, which will be used for partly...

The 2009 Prius To Come With Solar Panels

Smart ForTwo Almost Aces Crash test
According to an announcement made by the Insurance Institute for Highway Safety (IIHS) on Wednesday, Smart ForTwo performed excellently during the side and front crash tests it was put to. However, the car is not going to be named a Top Safety Pick; although the Institute doesn’t have any size restrictions when evaluating cars, Smart...

Smart ForTwo Almost Aces Crash test

A123's Batteries For The Prius Are Just Around The Corner
On Tuesday, A123 Systems announced that it has started taking online orders from those Toyota Prius owners who want to switch from hybrid to plug-in hybrid. This can now be done by getting the new L5 battery module. However, it isn’t the cheapest of operations, as the battery and installation cost $9,995, to which $400 are added for...

A123's Batteries For The Prius Are Just Around The Corner

The Global Warming Issue Heats Up
On Thursday, a critique co-signed by Roger Pielke Jr., a science-policy specialist at the University of Colorado at Boulder, caused quite a stir. The study attempted to show that the UN’s Intergovernmental Panel on Climate Change was way off with its assessment of the technology challenge the world is facing.The study referes to the...

The Global Warming Issue Heats Up

X Prize to Give $10 Million for Fuel-Efficient Green Car
X Prize announced on Thursday that more than 60 teams from nine countries were ready to race in chasing the $10 million prize the foundation is giving to the manufacturer of the best green supercar ever! The foundation wants the car to be a record breaker when it comes to fuel efficiency and environmental issues. The X...

X Prize to Give $10 Million for Fuel-Efficient Green Car

sQuba: The World's First Submersible Car
At last, everybody will be able to be James Bond! If you were watching The Spy Who Loved Me and drooling for the Lotus Esprit that could travel on land, but also submerge when it was followed by the evil guys in helicopters, becoming an exquisite submarine, and no, not like the yellow one, but a beautiful airtight submarine with more...

sQuba: The World's First Submersible Car

Nokia Tests A Traffic-Tracking Service
Nokia, the Finnish cell-phone company, is collaborating with the University of California, Berkeley, in order to test if traffic can be predicted and monitored through cell phones. The test lasted all day Friday and 100 Berkeley students were involved, Cnet News reports. Each student’s car was endowed with a Nokia N95 phone...

Nokia Tests A Traffic-Tracking Service

Schwarzenegger Sues Bush Admistration Over Tightening Emissions
The rejection of states’ efforts to tighten rules on greenhouse gas emissions by the Bush administration caused an angry reaction from California Governor Arnold Schwarzenegger, as he vowed on Thursday to sue the administration.On Wednesday, the government blocked the intentions of 17 states, including California, to limit emissions from...

Schwarzenegger Sues Bush Admistration Over Tightening Emissions

LA Auto Show Focuses On Green
The 2007 Los Angeles Auto Show has opened its gates beginning on Friday and for the next nine days, until November 25. Before the show was opened to the wide public, there were two days for the press preview, where the reporters, photographers and bloggers were indulged with the latest models, new green-minded concepts and hybrids.The...

LA Auto Show Focuses On Green

Crashes and Traffic Jams at Robot Car Race
A Pentagon sponsored robot race at a former Air Force base in Victorville, California, took place on Saturday in the final event of the Defense Advanced Research Projects Agency’s (DARPA) Urban Challenge. The race consisted in a 60 miles course in a simulated city that had to be finished in less than six hours.The race proofed that even...

Crashes and Traffic Jams at Robot Car Race

Honda Motor Keeps on the Traditional Track!
For Honda Motor Co. modernity will not be represented by electric hybrid cars in any case! The popular company has recently publicly announced that it will keep on the traditional track with its business. Honda Motor has said it will focus on improving the traditional, conventional gasoline-electric hybrid technology for its...

Honda Motor Keeps on the Traditional Track!

Parking the Car to Be Less Difficult for Nissan Drivers
If you have problems with parking the car, but you also have to eventually buy one, wait a little bit till Nissan Motor Co. Ltd. has released the new vehicles featuring advanced technology that will make parallel parking a lot more easier. The new high technology that will be embedded in the forthcoming vehicles made by Nissan Motor...

Parking the Car to Be Less Difficult for Nissan Drivers

Chrysler and Honda Recall SUVs and Civics, Respectively
Two important car makers, Chrysler LLC and Honda Motor Co., have announced on Friday their recalling for some quite popular vehicles because of different problems that must be by all means repaired. So Chrysler LLC has announced on Friday it will recall more than 300,000 sport utility vehicles that include four of the car...

Chrysler and Honda Recall SUVs and Civics, Respectively

Google and Intel Form New Green Alliance
Google and Intel are just two of the members of a new green alliance that comprises high-profile names like HP, Dell, IBM, Microsoft or Lenovo, poised to fight against climate change.Called Climate Savers Computing Initiative, the alliance will be focused on energy-efficient policies and the reduction of greenhouse gases, by setting...

Google and Intel Form New Green Alliance
 

Residents riot over plans to move quake-hit China city
Up to 2,000 residents rallied against rumoured plans to relocate a north-western Chinese city devastated by the Sichuan earthquake, with some protestors smashing windows and attacking government cars, reports said on Tuesday. The crowd had grown since early Monday in response to rumours that the local branch of China's ruling...

Residents riot over plans to move quake-hit China city

Suzuki buys back 3-per-cent stake from General Motors
Suzuki Motors Corp bought back its 3.02-per-cent stake from the US auto giant General Motors Crop (GM), the Japanese automaker said Tuesday. The purchase of all the 16,413,000 shares came to about 22.37 billion yen (230.7 million dollars), Suzuki said. Suzuki now owns about 20 per cent of its own outstanding shares, while GM lost...

Suzuki buys back 3-per-cent stake from General Motors

Suzuki Motor to buy back shares from General Motors
Suzuki Motor Corp has agreed to buy back its 3.02-per-cent stake from the US auto giant General Motors Corp (GM), the Japanese automaker said Monday. Suzuki was expected to buy back 16.41 million shares, which are worth 22.37 billion yen (230.7 million dollars), from GM unit Controladora General Motors SA de CV through non-cross...

Suzuki Motor to buy back shares from General Motors

Champion of Beijing's Olympic air cleanup gets award
Shi Han Min, who led the Beijing's effort to clean up its air for the 2008 Olympic Games, on Wednesday won the first Kong Ha Award for excellence in air quality management. The award, which included a 10,000-dollar purse, was granted to Shi at the Better Air Quality 2008 workshop in Bangkok, which has drawn 900 delegates from the...

Champion of Beijing's Olympic air cleanup gets award

South Pacific paradise New Caledonia still an inside tip
 The sun is shining through coconut palms and the air is warm and moist. Poinsettias, about three metres high, bloom at roadside among wild roses and hibiscus. A rental car is headed toward the beach, its driver looking forward to white sand and turquoise sea. Thud. The car has hit a pothole the size of a baby's bathtub. Nothing is...

South Pacific paradise New Caledonia still an inside tip

Microsoft plans to invest 60 million dollars in South Korea
 Microsoft Corp plans to invest 60 million dollars in South Korea's software industry over the next three years, chief executive Steve Ballmer told President Lee Myung Bak Monday during a visit to the Asian country. The world's largest software maker wants to concentrate its investment on advancing software developers and new...

Microsoft plans to invest 60 million dollars in South Korea

Death toll in serial blasts in India's Assam rises to 77
The death toll in serial bomb explosions that struck India's north-eastern state of Assam rose to 77 Friday with several of the injured succumbing to their injuries overnight, police said. More than 400 people were injured Thursday in 12 blasts that took place in quick succession - six in Assam's main city of Guwahati and six in...

Death toll in serial blasts in India's Assam rises to 77

61 killed in serial bombings in India's Assam state
At least 61 people were killed and 275 injured Thursday in nine bomb blasts triggered by suspected separatist and Muslim militants in India's north-eastern state of Assam, officials said. There were nine blasts within 20 minutes, the first at 11:20 am (0550 GMT). Three blasts took place in the state capital, Guwahati; three...

61 killed in serial bombings in India's Assam state

Hyundai quarterly profits drop 38 per cent but beat expectations
South Korean automaker Hyundai Motor Co on Thursday reported a 38-per-cent drop in third-quarter profits because of falling sales and strikes that caused drops in its production. Net income fell to 264.8 billon won (187 million dollars) from 425.5 billion won in the same quarter in 2007. Sales shrank 14.5 per cent to 6.1...

Hyundai quarterly profits drop 38 per cent but beat expectations

Nissan to cut auto production due to reduced US demand
Nissan Motor Co on Tuesday announced a plan to reduce its auto output due to declining demand in the US. A spokesman for the Japanese automaker said the company would cut its projected production of 65,000 units mainly for exports to the United States by March due to rapid declines in demand amid the financial crisis. The output...

Nissan to cut auto production due to reduced US demand

Abbas says he will not quit when his term ends
Palestinian President Mahmoud Abbas will not quit his post when his term officially ends on January 9, the Ramallah- based al-Ayyam daily reported Monday. The daily quoted Abbas as telling newspaper columnists at his office Sunday night that since the Palestinian election law states that presidential and legislative elections should...

Abbas says he will not quit when his term ends

Bus crash in India's Assam state kills 23
At least 23 people were killed and 41 injured when a speeding bus rammed into a stationary truck in India's north-eastern state of Assam on Tuesday, police said. The accident took place in the early hours of Tuesday on a highway in Dhubri district, some 320 kilometres west of Assam's state capital Guwahati. "The bus...

Bus crash in India's Assam state kills 23

Reality check as property market slumps in India
With the global credit crisis leading to the worst slowdown in the Indian real estate market in recent times, agents and developers are hoping the festive season surrounding Diwali, the Hindu festival of lights, will drive away the gloom. Coming at the end of October, Diwali will prove a crucial period for developers as many...

Reality check as property market slumps in India

Yom Kippur brawl sparks heaviest Arab-Jewish rioting in years
A brawl between Arab and Jewish youths on the Jewish holy day of Yom Kippur in the town of Akko has led to some of the most intense inter-ethnic rioting in years, Israeli media reported. According to the Ha'aretz daily in its Thursday edition, an Arab youth was harassed by a group of Israelis who claimed that the Arab youth was making...

Yom Kippur brawl sparks heaviest Arab-Jewish rioting in years

Female suicide bomber kills six, injures 20 in Iraq
A female suicide bomber detonated herself on Wednesday, killing six people and injuring 20, in Iraq's Diyala province, the Egyptian State news agency (MENA) reported. The bomber had targeted an Iraqi police patrol near a court in the restive provincial capital city Baquba, located some 66 kilometres north of the capital Baghdad,...

Female suicide bomber kills six, injures 20 in Iraq

Financial meltdown spells nightmare for Asia and Japan
News about the latest emergency package to save Germany's real estate financier Hypo Real Estate Holding AG could not clear the gloomy atmosphere in far-away Asia. It was the same with the bail-out package for US financial institutions approved last week. It was no longer the banking crisis alone that caused deep concern in Japan...

Financial meltdown spells nightmare for Asia and Japan

Bailout still under fire from both sidesBy Frank Fuhrig,
Pablo Fierro came to Washington from Philadelphia for a rally against the proposed 700-billion-dollar financial bailout, which the House of Representatives could vote on Friday. He held up an orange sign: "No to the bankers' coup d'etat." Thursday's rally within shouting distance of the US Capitol was organized by a...

Bailout still under fire from both sidesBy Frank Fuhrig,

Wealthy Hong Kongers cut back on luxuries as downturn takes toll
When wealthy residents of one of the world's most ostentatious cities - Hong Kong - start cutting back on luxuries, as reports suggested Friday, you know the global economy is in trouble. High rollers in the high-rise city of 6.9 million which has one of the highest per capita incomes in the world are eating out less, spending less...

Wealthy Hong Kongers cut back on luxuries as downturn takes toll

Explosion kills five, injures 30 in northern Lebanon
At least five people were killed and 30 wounded on Monday in a bomb blast targeting a military bus on the outskirts of the northern Lebanese port city of Tripoli, Lebanese security sources said. Hospital officials said three of those killed were soldiers. At least 30 people who sustained medium and serious injuries had been admitted,...

Explosion kills five, injures 30 in northern Lebanon

Iraqi Committee to Protect Journalists warns reporters on car bombs
 Amid what appears to be a trend in the killing of journalists in Iraq, the Iraqi Committee to Protect Journalists (ICPJ) issued a warning to media personnel to be on the lookout for car bombs. "We call on all journalists and media staff to inspect the cars carefully before getting in the car, in case there is a bomb inside or...

Iraqi Committee to Protect Journalists warns reporters on car bombs

16 killed in car-bomb attack at US embassy in Sana'a
Sixteen people, including six policemen and six al-Qaeda militants, were killed in a car-bomb attack outside the US embassy in the Yemeni capital Sana'a on Wednesday, officials said. Interior Ministry sources told Deutsche Presse-Agentur dpa that all six attackers, including one wearing an explosive belt, were killed. A local security...

16 killed in car-bomb attack at US embassy in Sana'a

16 killed in car-bomb attack at US embassy in Sana'a
Sixteen people, including six policemen and six al-Qaeda militants, were killed in a car-bomb attack outside the US embassy in the Yemeni capital Sana'a on Wednesday, officials said. Interior Ministry sources told Deutsche Presse-Agentur dpa that all six attackers, including one wearing an explosive belt, were killed. A local security...

16 killed in car-bomb attack at US embassy in Sana'a

Five killed, 20 injured in twin bomb attack in Baghdad
Five people were killed and 20 injured on Wednesday in a twin bomb attack west of Baghdad, police said. Two cars loaded with explosives were detonated in front of a hospital in Al-Harithya neighbourhood, Voices of Iraq (VOI) news agency reported. Earlier, police sources said three Iraqis were killed in an attack by unidentified...

Five killed, 20 injured in twin bomb attack in Baghdad

China orders 10 pro-Tibet activists to 10 days detention
Beijing police have ordered 10 pro-Tibet activists - all foreigners - to 10 days in detention in the harshest treatment so far of Tibet activists since a series of demonstrations were carried out in the capital during the Olympics. The police faxed a statement Friday saying six foreigners arrested Tuesday for "disturbing public...

China orders 10 pro-Tibet activists to 10 days detention

China's ethnic minorities have little taste for Olympics
Olympic fever that has swept most of China seems to have limited influence in Lanzhou, considered the geometrical centre of China. For many, the 3-million-inhabitant city capital of Gansu province is still a frontier town, and while the Games' influence is hard to miss in the city centre with flags on mass display in shops and cars,...

China's ethnic minorities have little taste for Olympics

Iraq tightens security in Karbala ahead of pilgrimage
A total ban on the movement of cars was imposed in Karbala Friday as part of a tight security control in the holy southern Iraqi city, days before the Sunday pilgrimage to commemorate the birth of the 12th Imam revered by Shiites. "A total car ban is imposed on Karbala from today till the end of pilgrimage on Sunday. Security...

Iraq tightens security in Karbala ahead of pilgrimage

Olympic Games Weekend Starts with the Death of 8 People
Gun battle and bombing have started this weekend’s Olympic Games in China. Authorities believe that the attack that ended with 8 deaths in western China was an attempt made by the Islamic separatist group to arrest the global attention from the Olympic Games held in Beijing.The attack took place in Kuqa, a city in the Xinjiang region, in...

Olympic Games Weekend Starts with the Death of 8 People

Taiwan air force attack helicopter crashes
A Taiwan air force AH1W Super Cobra attack helicopter crash-landed at a village in the northern county of Taoyuan Wednesday, killing the two pilots, defence officials said. The helicopter first hit a three-story building before it crash-landed in a narrow lane of the village, crushing two cars nearby, Taiwanese television news...

Taiwan air force attack helicopter crashes

Bomb Attack on Indian Embassy in Kabul
A bomb attack in Kabul killed nearly 40 people and wounded 141 others, on Monday, July 7. The explosion happened near the Indian Embassy and left serious damages.Dozens of bodies were thrown on the tree-lined streets in front of the embassy. The blast ripped through a crowd of people waiting in line for visas at the Indian Embassy in...

Bomb Attack on Indian Embassy in Kabul

Australia crafts plan for carbon trading scheme
Australia laid out plans Friday for a national scheme for carbon-emissions trading it hopes will help slow climate change without crashing the national economy or handing a competitive advantage to other countries. The scheme is outlined in a report delivered to Prime Minister Kevin Rudd by top economist Ross Garnaut. It would...

Australia crafts plan for carbon trading scheme

Protests Turn Violent in Tibet, Fears of Police Crackdown
The sight of Buddhist monks protesting while being surrounded by Chinese policemen has turned violent. Add some police cars set on fire by the monks or by the people who joined their protest and you’ll have the main market in the Tibetan capital, Lhasa, at its worst. The Buddhist monks began protesting almost a week ago demanding greater...

Protests Turn Violent in Tibet, Fears of Police Crackdown

26 Killed in Two Car Bomb Attacks in Lahore, Pakistan
Two suicide bomb attacks took place in Lahore, Pakistan killing at least 26 people. Lahore’s main police building was partly demolished and approximately 175 people were wounded as two cars packed with explosives were detonated a few minutes and kilometers apart during Tuesday’s morning rush-hour.The latest attacks made it clear that...

26 Killed in Two Car Bomb Attacks in Lahore, Pakistan

Suicide Bombings Kill 4 at Pakistan’s Navy College
At least four people were killed and 16 other badly wounded in two suicide bomb attacks that took place at Pakistan's Navy War College. The attacks brought panic across Lahore, a city relatively tranquil until now, compared with the rest of the country.This is the fifth day of attacks carried out by the Pakistani pro-Taliban militants...

Suicide Bombings Kill 4 at Pakistan’s Navy College

Pakistani Envoy and Two Pakistani Technicians Missing Near Afghan Border
Pakistani ambassador to Afghanistan, Tariq Azizzuddin, and two nuclear experts employed with Pakistan’s Atomic Energy Commission were abducted on Monday near the northwestern border with Afghanistan, a region where Taliban or Al-Qaeda militants have been carrying out operations against the US troops. Tariq Azizzuddin was on...

Pakistani Envoy and Two Pakistani Technicians Missing Near Afghan Border

Al-Qaeda Claims Responsibility for Bhutto's Assassination
Al-Qaeda's top commander in Afghanistan has claimed responsibility for the assassination of Pakistan opposition leader Benazir Bhutto, the Asia Times Online reported Friday. In a telephone conversation with the news site, Mustafa Abu al-Yazid, who emerged in May as the chief of al-Qaeda's operations in Afghanistan, claimed to have...

Al-Qaeda Claims Responsibility for Bhutto's Assassination

Bomb Explodes In Philippines Mall
According to local media, eight people were killed and as many as 89 others were injured today when a powerful explosion ripped through a shopping mall in Makati City, the Philippine capital’s financial district. President Gloria Macapagal-Arroyo, in a statement, instructed the police to leave “no stone unturned” in its...

Bomb Explodes In Philippines Mall

Antoine Ghanem Killed In Bomb Attack
Lebanese lawmaker Antoine Ghanem, 64, a member of the Western-backed parliamentary majority was killed on Wednesday in a car bomb that shook a Christian neighborhood outside Beirut. The incident took place just six days prior to a presidential election held by the parliament of this politically divided country. Six other people...

Antoine Ghanem Killed In Bomb Attack

Indian Highway Collapses, Kills Two People
At least 20 people lost their lives in the Indian city of Hyderabad, when the overpass they were taking shelter under during a rainstorm collapsed on top of them Saturday. Rescue workers have managed to recover two bodies crushed under the ruble and twisted steel. Pedestrians were injured and near parked vehicles were...

Indian Highway Collapses, Kills Two People

Beijing Test Car Ban in Anti-Smog Plan
City officials have pulled hundreds of private cars off the streets of Beijing in a attempt to test whether such a ban could help ease the smog levels and traffic gridlock during forthcoming 2008 Olympic Games.     The car ban will last four days and the selection method uses the odd-even license plate number, so only vehicles with...

Beijing Test Car Ban in Anti-Smog Plan

At Least 12 Dead After Ferry Sinks in Central Philippines
At least 12 people died and dozens are still missing after a passenger ferry sank Thursday in central Philippines.The MV Blue Water Princess went under in the early hours off the coast of San Francisco, about 140 miles south-east of Manila in the Quezon province. According to the coast guard, 129 people have been rescued, but another 115...

At Least 12 Dead After Ferry Sinks in Central Philippines

Blast Levels Karaoke Bar and Kills 25 in China
A fierce explosion ripped through a karaoke bar in northeast China, killing 25 people and injuring 33, media reported Thursday. The blast occurred in the Tianshifu township, Liaoning province late Wednesday and levelled the two-story building serving as bath house also. According to Chinese news agency Xinhua, 25 bodies were...

Blast Levels Karaoke Bar and Kills 25 in China

Grenade Attack Kills At Least Two Indian Soldiers In Kashmir
Two soldiers were killed in Kashmir by a hand grenade, while 25 other were injured by a roadside bomb in the same region, government officials reported. Unknown persons threw a hand grenade into a military camp belonging to the Indian paramilitary troops, gravely injuring five soldiers. Two of the injured servicemen died at the...

Grenade Attack Kills At Least Two Indian Soldiers In Kashmir

Demonstration Turns Into Deadly Riot In Northern India
The northern Indian state of Rajasthan is ravaged by a series of demonstrations that degenerated into riots, as the protestors clashed with security forces which didn’t hesitate to open fire on the rage-driven crowd.Protests actions were initiated Tuesday by the ethnic Gujjar community, which demanded they have a special status in order...

Demonstration Turns Into Deadly Riot In Northern India
 

Famous-infamous, loved-hated, Yugo rolls into sunset
 The last of the Yugoslav-era cars, known for their lack of reliability as much as tasteless design and crude unworkmanlike finish, rolled off the assembly line in Serbia on Friday, nearly two decades after Yugoslavia itself fell apart. Zastava, the car factory in the central Serbian town Kragujevac, has effectively ceased to exist...

Famous-infamous, loved-hated, Yugo rolls into sunset

Madonna and Guy Ritchie end marriage in "quickie" divorce
 US pop diva Madonna and her British film director husband Guy Ritchie ended their eight-year marriage in a low-key "quickie" divorce in London Friday following a private settlement. The singer, 50, and Ritchie, 40, did not attend the hearing before the High Court's family division. It lasted just a few minutes and was heard...

Madonna and Guy Ritchie end marriage in "quickie" divorce

EU commissioner: Opel a "special case"
 As the discussion about state aid for ailing German carmaker Opel continues, EU Industry Commissioner Guenter Verheugen on Wednesday described the firm as a "special case" in Europe. "Extraordinary circumstances require extraordinary measures," Verheugen said in the European Parliament in Strasbourg, although he...

EU commissioner: Opel a "special case"

Job cuts loom as German auto industry battles slump
There's a saying in Germany that when Daimler coughs, the state of Baden-Wuerttemberg catches pneumonia. Things are not yet quite as bad as that in the home of Mercedes- Benz, or in Germany in general. But strong medicine is needed to get Germany's ailing car industry back on its feet amid a slump in profits and sales. The first...

Job cuts loom as German auto industry battles slump

Volkswagen reports lower sales in October
 Volkswagen reported a drop in sales in October but predicted it would sell more cars in 2008 than it did last year. Europe's largest automaker said it delivered 502,600 vehicles last month, a drop of 5.1 per cent from a year ago. Sales in the first 10 months of 2008 were up 2.8 per cent to 5.29 million. VW said increased sales in...

Volkswagen reports lower sales in October

Merkel to meet Opel leaders on request for aid
 A cabinet minister ruled out a government bailout for the German auto industry on Monday as Chancellor Angela Merkel prepared to meet the management of Opel to discuss state aid. The troubled carmaker has requested credit guarantees from Berlin to counter a financial squeeze, triggered by dwindling sales and problems with its parent...

Merkel to meet Opel leaders on request for aid

EU threatens to take US to court over auto industry support
 The European Commission on Friday threatened to refer the United States to the World Trade Organization (WTO) over Washington's plans to subsidize its ailing car industry. "Of course, if it is illegal state aid, we will act at the WTO level," Commission President Jose Manuel Barroso told French radio station Europe 1. A...

EU threatens to take US to court over auto industry support

Eurozone officially in recession
The 15-member eurozone officially slumped into recession Friday after its economy contracted by 0.2 per cent for a second quarter in a row, the European statistical office said. Figures from Eurostat showed that gross domestic product in two of the euro area's biggest economies, Germany and Italy, fell by 0.5 per cent in the third...

Eurozone officially in recession

Eurozone in recession after further 0.2 per cent drop
The 15-member eurozone officially slumped into recession after figures out Friday showed its economy contracting by 0.2 per cent for a second quarter in a row. The eurozone's latest GDP estimates were published just one day before heads of state and government from the world's 20 leading economies were due to meet in Washington to...

Eurozone in recession after further 0.2 per cent drop

German economy slumps into recession
Germany slumped into a recession for the first time in five years, official data released Thursday showed, amid signs that a global economic downturn was taking hold. Europe's biggest economy shrank by 0.5 per cent in the third quarter of 2008, after it contracted 0.4 per cent in the three months to the end of June, the Federal...

German economy slumps into recession

Credit crunch helps Latvians learn to love the Lada
With sales of new cars in Latvia shrinking by more than a third in the first ten months of 2008 according to figures released Monday, it was left to carmakers at opposite ends of the price spectrum to report the strongest results. Total sales of new cars in the Baltic country for January to October dropped to 10,434 from 17,239 in the...

Credit crunch helps Latvians learn to love the Lada

General Motors opens its first factory in Russia
General Motors, the world's largest automaker, on Friday opened a 300-million-dollar factory, its first fully-owned venture in Russia. GM joins five other foreign carmakers with plants in the outskirts of St Petersburg, an area coming to be known as the new Detroit of the automotive industry, as firms hope to compensate for slumping...

General Motors opens its first factory in Russia

Huge profit for Porsche, sales slump for Daimler, BMW
  German sports car manufacturer Porsche announced a huge jump in profits for the 2007/2008 financial year on Friday as Daimler AG and BMW reported a major slump in October sales. Group profit before taxes in the 12 months up to the end of July soared to 8.57 billion euros (11.2 billion dollars) from 5.85 billion euros the previous...

Huge profit for Porsche, sales slump for Daimler, BMW

German industry workers demonstrate for more pay
Thousands of German factory workers walked off their jobs Tuesday and attended demonstrations, demanding wage rises of 8 per cent on the fourth day of nationwide labour disruption. In the port city of Hamburg, 5,000 repair workers left a riverside shipyard and trooped through a pair of 100-year-old tunnels originally built for...

German industry workers demonstrate for more pay

Carmaker BMW slashes profit goal for 2009
 German luxury carmaker BMW said Tuesday that it was lowering its profits forecast for 2009, following disappointing third-quarter results. Profits plunged 62.9 per cent to 298 million euros (375 million dollars) compared to the same quarter of 2007, the company said in a statement released in Munich. Turnover was down 8.6 per cent...

Carmaker BMW slashes profit goal for 2009

Queen's outburst sparks debate about monarchy in Spain
During her 33 years as queen, Sofia of Spain had been known for her gentleness and discretion. But at the time of her 70th birthday, the Greek-born wife of King Juan Carlos stunned the country with a sudden outburst of outspokenness, reigniting a debate about the role of the monarchy. The queen opened up to journalist Pilar Urbano,...

Queen's outburst sparks debate about monarchy in Spain