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GM faces huge costs if Bochum plant shut: Works leader

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Labour leaders at loss-making European car maker Opel have warned parent company General Motors that closing one of its oldest factories in Germany would be massively costly and damage the company's i

Japan to support U.S. nominee to head World Bank

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Japan will support Jim Yong Kim, the U.S. nominee for the next World Bank head, Japanese Finance Minister Jun Azumi said on Sunday after meeting the candidate who is in Tokyo on his world tour to seek

Security breach hits US card processors

Four giant card-payment processors and large US banks that issue debit and credit cards were hit by a data-security breach after third-party services provider Global Payments Inc discovered its system

Syria says it has defeated revolt

Syria says the year-long revolt to topple President Bashar al-Assad is now over, but it will keep its forces in cities to “maintain security” until it is safe to withdraw in keeping with a UN-backed p

Gold: For richer, for poorer as crisis cools

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Extreme strain in the global economy has given way to something less hair-raising. So does the last investor in 'safe-haven' gold, switch out the lights?

After a storming start to 2012, bullion price

EU wants G20 to boost IMF funds after Eurogroup move

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The European Union expects leaders of the world's 20 biggest economies (G20) to agree to contribute more money to the IMF in April after Europe expanded its own bailout capacity, EU officials said on

Myanmar votes in historic election; spotlight on Suu Kyi

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Myanmar votes on Sunday in its third election in half a century, a crucial test of its nascent reform credentials that could propel opposition leader Aung San Suu Kyi into parliament and convince the

Uncertainty over Indian football league's inaugural edition

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Uncertainty over the inaugural edition of India's Premier League Soccer (PLS) increased on Saturday when organisers disputed a claim from the All India Football Federation (AIFF) that the competition

Yahoo layoffs to begin ‘next week’

Yahoo will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report.

Yahoo declined to comment.

The layo

A massive coal pitfall for India's industrial ambitions

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Ten years after announcing the project, Jindal Power and Steel is still waiting to start digging for coal to fuel its $3.1 billion steel and power complex in Orissa state.

The project is one of sever

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.