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BRUSSELS/PARIS (Reuters) - The European Union is studying support for its ailing carmakers but the bloc's executive was divided on Tuesday over the extent of any aid as other sectors also face a downturn.
TOKYO (AFP) - Asian shares fell Tuesday on mounting fears of an extended global recession after US banking giant Citigroup announced 50,000 job cuts and carmakers on both sides of the Atlantic pleaded for help.
LONDON -- Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least US$100 billion to fight an economic crisis enveloping the...
German Foreign Minister Frank-Walter Steinmeier joined the debate over whether the ailing European car industry should be saved by individual countries by calling on the EU to consider a Europe-wide rescue package.
