Citigroup cutting more jobs

Citigroup is to slash its worldwide workforce by 52,000, reducing the number of employees to 300,000. Mostly those job losses would come from the


Air chaos in France and Italy

Air travel remained disrupted in France today, on the fourth and final day of a pilots’ strike over changes to the retirement age. Passengers were


Iraq and US sign pact on troops

The signing of a long-awaited agreement between the US and Iraq has taken place in Baghdad. Iraq’s foreign minister and the American ambassador to


Japan falls into recession

Japan has now joined Hong Kong and Singapore in falling into the recession club. It is the first time in seven years that Japan has slipped into


EU and the crisis

It is a case of a united front for Europe in Washington, at the first summit aimed at reforming the global financial system. But the economic crisis