France could take stakes in carmakers in exchange for financial assistance to the battered auto industry, French industry minister Luc Chatel said ahead of a meeting on Tuesday at which aid measures should be announced. French President Nicolas Sarkozy said on Thursday France would put "a lot of money" into aid for the car industry,
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The Vatican will soon have its own channel on the video sharing site YouTube where the Catholic faithful or the curious will be able to see Pope Benedict or Church events, a Vatican source said on Saturday. The details of the accord are due to be presented on Friday at a news conference attended by
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The liquid crystal display (LCD) industry has hit a bottom and TV panel prices are expected to recover in coming months on solid demand for small-sized flat screen TVs, the head of LG Display Co Ltd said. Chief executive Kwon Young-soo also said high-end mobile display would be the new focus of the world's second-biggest
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Pancreatic cancer experts say they are puzzled by what is ailing Apple Inc Chief Executive Steve Jobs, because it is not clear how serious his health problems are or how directly they relate to his bout with cancer. Last week, Jobs said he had an easily treatable "hormonal imbalance" that was robbing his body of
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Royal Bank of Scotland said it made a loss of over 20 billion pounds ($30 billion) last year, the biggest loss in British corporate history, including a huge goodwill hit on its purchase of parts of ABN AMRO in 2007. RBS said credit and market conditions deteriorated further in the fourth quarter and it will
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Asian stocks pushed higher on Monday and the dollar lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets. Obama is set to take office on Tuesday following a U.S. national holiday on Monday, and many investors have
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France could take stakes in carmakers in exchange for financial assistance to the battered auto industry, French industry minister Luc Chatel said ahead of a meeting on Tuesday at which aid measures should be announced. French President Nicolas Sarkozy said on Thursday France would put "a lot of money" into aid for the car industry,
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Britain threw its troubled banks another multi-billion pound lifeline on Monday by allowing them to insure against steep losses and guaranteeing their debt to stop the credit crunch pushing the economy into a deep slump. The multi-pronged plan aimed at getting banks lending again to credit-starved consumers will also raise the government's stake in Royal
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By Patrick Lannin Standing in the X-ray room of the gleaming private clinic he opened last year, Leons Platacis is an incongruous champion for youths who rioted in Latvia last week, part of a wave of European protests. The Latvian businessman, who set up the clinic with his doctor wife, said it is managing to
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U.S. consumer prices fell sharply for a third straight month in December, closing out a year in which a sagging economy pulled inflation down to a half-century low, raising the specter of a troubling deflation. The Labor Department said on Friday the annual pace of price increases in December was the slowest in more than
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