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Business

Ford sells Mazda stake to raise cash

Cash strapped US car maker Ford is selling a big part of stake in Japan’s Mazda. Ford will cut its holding from 34 percent to just over 13 percent

Cash strapped US car maker Ford is selling a big part of stake in Japan’s Mazda. Ford will cut its holding from 34 percent to just over 13 percent

Business

Paulson and Bernanke defend bailout plans

US Treasury Secretary Henry Paulson has stressed government financial bailout money has to be used for the financial sector and not troubled

US Treasury Secretary Henry Paulson has stressed government financial bailout money has to be used for the financial sector and not troubled

News

Uncertainty over bailout plan for US auto industry

The prospect of a bailout for the US’s ailing auto industry appears increasingly in doubt. The Bush administration has made clear it opposes a

The prospect of a bailout for the US’s ailing auto industry appears increasingly in doubt. The Bush administration has made clear it opposes a

Business

Yahoo boss steps down

Jerry Yang, the embattled chief executive of Yahoo, is quitting and his departure caused the internet company’s shares to shoot up. Yang will step

Jerry Yang, the embattled chief executive of Yahoo, is quitting and his departure caused the internet company’s shares to shoot up. Yang will step

News

Obama and McCain pledge to work together

President-Elect Barack Obama and Republican Senator John McCain have met face-to-face for the first time since the US presidential election. The

President-Elect Barack Obama and Republican Senator John McCain have met face-to-face for the first time since the US presidential election. The

News

Democrats and Republicans clash over car bail-out plan

In the United States, Democrats and Republicans have clashed over a federal bail out plan for the country’s struggling car industry. The Democrats

In the United States, Democrats and Republicans have clashed over a federal bail out plan for the country’s struggling car industry. The Democrats

News

Wild fires still devastating southern California

In California, wildfires have obliterated mobile homes and multi-million dollar mansions alike. State Governor Arnold Schwarzenegger has declared a

In California, wildfires have obliterated mobile homes and multi-million dollar mansions alike. State Governor Arnold Schwarzenegger has declared a

News

Ring of fire threatens Los Angeles

Wildfires fanned by strong, dry winds have scorched vast swathes of California for a fourth consecutive day. Firefighters have been making the most

Wildfires fanned by strong, dry winds have scorched vast swathes of California for a fourth consecutive day. Firefighters have been making the most

News

California fires 'worst for years'

Southern California remains on high alert today, as hot dry desert winds continue to fuel wildfires threatening the city of Los Angeles. Hundreds of

Southern California remains on high alert today, as hot dry desert winds continue to fuel wildfires threatening the city of Los Angeles. Hundreds of

News

Doubts surface over G20 rescue plan

Doubts are growing over the chances of success of the Washington summit on world finances. The G20 agreed to reform and relaunch the global economy

Doubts are growing over the chances of success of the Washington summit on world finances. The G20 agreed to reform and relaunch the global economy

News

Celebrity community in path of California fire

Hundreds of homes have now been destroyed by the wild fires raging in California. The community of Montecito, north-west of Los Angeles, home to

Hundreds of homes have now been destroyed by the wild fires raging in California. The community of Montecito, north-west of Los Angeles, home to

News

Europe satisfied with crisis summit outcome

America may have hosted this weekend’s financial crisis summit in Washington, but it was Europe which was the driving force behind it. All involved

America may have hosted this weekend’s financial crisis summit in Washington, but it was Europe which was the driving force behind it. All involved

News

Obama cautious on repeal of Republican orders

US President-elect Barack Obama’s transition team has warned that, as yet, no decisions have been taken on reversing controversial orders passed by

US President-elect Barack Obama’s transition team has warned that, as yet, no decisions have been taken on reversing controversial orders passed by

Business

AIG gets more help as Fannie Mae wanes

The US Treasury has nearly doubled its rescue package for the massive insurance firm American International Group. It said that was to prevent the

The US Treasury has nearly doubled its rescue package for the massive insurance firm American International Group. It said that was to prevent the

Culture

Legend gets new vibes from Estelle collaboration

“Evolver” is the third studio album by R&B/soul singer John Legend, and he says it’s a continuation of, rather than a progression from his customary

“Evolver” is the third studio album by R&B/soul singer John Legend, and he says it’s a continuation of, rather than a progression from his customary

News

Payouts begin for US relatives of Lockerbie victims

Almost twenty years after the 1988 bombing of Pan Am flight 103 over Lockerbie in Scotland, the relatives of the American victims have begun to

Almost twenty years after the 1988 bombing of Pan Am flight 103 over Lockerbie in Scotland, the relatives of the American victims have begun to

News

Obama makes economy top priority

Finding solutions to the financial crisis will be Barack Obama’s top priority as US president. In his first address since winning the election, the

Finding solutions to the financial crisis will be Barack Obama’s top priority as US president. In his first address since winning the election, the

News

The blame game - was Palin a help or hindrance?

John McCain may have been gracious in defeat but now the recriminations have begun among the Republicans – and their target is Sarah Palin. Critics

John McCain may have been gracious in defeat but now the recriminations have begun among the Republicans – and their target is Sarah Palin. Critics

News

America embraces change with Barack Obama

While the political experts remain divided over what impact the Obama administration will have on the United States, many ordinary Americans feel

While the political experts remain divided over what impact the Obama administration will have on the United States, many ordinary Americans feel

News

Author Michael Crichton dies aged 66

Best selling author Michael Crichton has died at the age of 66 after a battle with cancer. The medical doctor turned novelist, whose books have

Best selling author Michael Crichton has died at the age of 66 after a battle with cancer. The medical doctor turned novelist, whose books have

News

Wins in swing states pave way for Obama victory

As counting neared completion the states that had declared for Obama give him a commanding tally of represenatives on the electoral college that

As counting neared completion the states that had declared for Obama give him a commanding tally of represenatives on the electoral college that

News

Thousands celebrate Obama win

Exit polls suggest the Illinois senator gained unprecedented support from young people, African Americans and new voters. The Democrat also took a

Exit polls suggest the Illinois senator gained unprecedented support from young people, African Americans and new voters. The Democrat also took a