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Nov 07 2009
US jobless rate hits 26-year high
Economy
By Agencies   

Unemployment rate topped 10 per cent in October despite fewer cuts in positions by employers [EPA]
Unemployment rate topped 10 per cent in October despite fewer cuts in positions by employers [EPA]
The latest official data shows that the unemployment rate in the United States touched 10.2 per cent in October, the highest since 1983.

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Tags:  US jobless
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China condemns US trade action
Economy
By Agencies   

China has been pressing the US to grant it 'market economy' status before a 2016 deadline [EPA]
China has been pressing the US to grant it 'market economy' status before a 2016 deadline [EPA]
China has described as protectionist new US anti-dumping duties on steel pipes and demanded Washington's recognition that it is a market economy.

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Tags:  China US trade
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German Opel workers stage strikes
Economy
By Agencies   

Thousands of Opel car workers in Germany have downed tools to show their anger at the decision by General Motors, the US carmaker which owns the unit, to abandon a plan to sell the operation to Magna, a Canadian group.

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Tags:  Germany Opel
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German anger at GM Opel decision
Economy
By Agencies   

German politicians and unions have expressed anger at the decision by General Motors, the US carmaker, not to sell Opel, its European unit, after months of painstaking talks.

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Tags:  Germany GM Opel
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British banks set for sell-offs
Economy
By Agencies   

Britain's treasury department said the banking shake-up would reduce costs to the taxpayer [AFP]
Britain's treasury department said the banking shake-up would reduce costs to the taxpayer [AFP]
Britain has ordered two state-rescued banks to sell off branches and meet new "tough" requirements in an effort to to promote competition and appease EU authorities.

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Tags:  British banks RBS
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