Fiat SpA confirmed on Tuesday plans to have its Italian factories make cars to be sold outside Europe, particularly in the United States, as it looks to counter a five-year slump in European sales. Fiat, which also runs Chrysler Group LLC in the United States, would not say which models it intends to produce in
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Greek workers on Wednesday hold their first major anti-austerity strike since a coalition government took power in June, grounding flights, disrupting local transport and shutting public service offices. Called by the country's two biggest unions that represent half the work force, the walkout is expected to bring out thousands of Greeks to the streets to
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U.S. aircraft giant Boeing is still getting U.S. subsidies despite Washington's claim to have stopped the handouts, the European Union said on Tuesday in the latest round of the world's biggest trade dispute. The EU's claim came one day after the U.S. Trade Representative's office said it had complied with a ruling by a World
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apanese automakers Toyota Motor Corp, Nissan Motor Co Ltd and Suzuki are curtailing production in China in the wake of anti-Japan protests that shuttered dealerships and darkened their sales prospects in the world's top car market. Nissan, Japan's top automaker in China, said it would halt production at a joint venture in China starting on
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Asian shares and commodities fell on Wednesday as investors turned their back on perceived stimulus effects from central bank easing, focusing instead on Europe's fiscal challenges as Spain faces bitter protests against budget austerity measures. Flat U.S. stock futures hinted at a steady Wall Street open, but financial spreadbetters expected London's FTSE 100, Paris's CAC-40
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Panicos Demetriades, Governor of the Central Bank of Cyprus, said he is cautiously optimistic about the future of the Cypriot economy and the future of the euro area. He also stressed that the conclusion and implementation of an economic adjustment programme that will be agreed between Cyprus and the Troika of lenders – the European
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The head of the postal service in the Italian Senate was arrested on Tuesday for trafficking cocaine, police said, in the latest episode to undermine public faith in the country's political institutions. Orlando Ranaldi, 53, was accused of being part of a gang of 10 Italians and Albanians who ran a cocaine ring operating in
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Britain's BBC apologised to Queen Elizabeth on Tuesday after a senior journalist reported her private views about one of the country's best known terrorism suspects, an embarrassing disclosure for a monarch who avoids public political statements. BBC security correspondent Frank Gardner broadcast details of a private conversation with the queen during which she supposedly told
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Hyundai Motor, which has lagged its rivals in battery-powered electric cars, aims to leapfrog that technology and roll out what it calls the world's first production fuel-cell electric vehicles at this week's Paris auto show. The South Korean automaker is betting that fuel-cell electric vehicles (FCEVs) will be a more realistic future auto technology than
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Hundreds of Syrian refugees demanding help to return home from a camp in northern Jordan rioted and clashed with security forces on Monday night, Jordanian and United Nations officials said. Six members of the security forces were wounded by stones thrown by protesters, a spokesman for the Jordanian forces said on Tuesday, while Syrian activists
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