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Agence France Presse

US asking for $300 billion from four Gulf countries

The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait’s daily A

Ford to sell 20 pc stake in Mazda

Embattled US carmaker Ford said it will sell a 20 percent stake in its Japanese partner Mazda for 540 million dollars to raise cash.

Iran favours OPEC cut of 1-1.5 mn bpd

Iran, OPEC’s number two oil producer, favours a cut in crude production of 1.0 to 1.5 million barrels per day when the oil cartel meets in Cairo later

Russia submarine accident inquiry indicts sailor

A sailor has been charged for setting off the fire extinguishing system on the Russian nuclear submarine Nerpa, causing 20 people to be gassed to deat
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G20 looks to expand emerging nations’ role

A broad group of world finance chiefs aimed to forge a consensus today on boosting the role of emerging economic powers...

Yahoo shouts out to MS: Buy me!

Yahoo chief executive Jerry Yang said on Wednesday that Microsoft should buy his pioneering Internet firm despite failed takeover talks between the co

Recession alarm rings around the world

World giants in the auto, airline and technology industries ordered emergency action Friday in response to the financial crisis

Sarkozy moots sovereign funds; asks India, China to join financial summit

French President Nicolas Sarkozy backed the creation of sovereign wealth funds in Europe that, when coordinated, could provide an 'industrial response

Mehrab leads Bangla fightback

Left-hander Mehrab Hossain capped his return to international cricket with a maiden half-century to help Bangladesh recover in the opening Test agains

Dreams unlimited: Afghanistan plans for 2011

Afghanistan clinched the World Cricket League Tier Four title on Saturday and claimed they are good enough to play alongside...

IMF says global economy is staring into a deep abyss

The International Monetary Fund said on Wednesday that the global economy was sinking in a maelstrom of financial turmoil...

How AIG executives made merry after getting a bailout

AIG executives escaped to a pricey California beach resort to unwind just days after the insurance giant was rescued by an unprecedented $85-billion U

UK launches huge bank bailout

The UK government said on Wednesday it would pump £50 billion into the country’s main banks as part of an emergency bailout package...

Cuban boxing cloud has only a silver lining

Cuba’s young boxers looked ahead to the next Olympics after their rollercoaster ride ground to a halt without a single gold.

All dressed up with a game to play

Maria Sharapova’s dresses may never make an appearance, nor the Williams sisters’ bling...

Chelsea hope Scolari works his magic in title assault

Chelsea midfielder Deco believes Luiz Felipe Scolari’s ruthless streak will help wrestle the Premier League title from Manchester United.

Wei gets rockstar reception

China’s Yang Wei continued the host nation’s gymnastics gold rush at the Beijing Olympics...

Fedex, Williams sisters out on day of destruction

Top seed Roger Federer and Venus and Serena Williams all went crashing out of the Olympic Games quarter-finals...

US would be safe under Obama, says Rice

US Secretary of State Condoleezza Rice says the nation would be safe under a Barack Obama presidency and that she is ruling out a shot at the vice pre

Air China’s Japan office receives email threat

Air China’s Japan office received an email threat to bomb its aircraft and crash planes into the site of the Beijing Olympics...

Long-distance rivalry continues

Sport is filled with bitter country rivalries which add extra spice and in athletics it is Ethiopia and Kenya fighting to be the pride of East Africa.

Roddick upset, Nadal in hunt for top spot

Number two Rafael Nadal and third-ranked Novak Djokovic were smelling blood...

Iran hopes for ‘constructive’ US presence at n-talks

Iran’s top nuclear negotiator Saeed Jalili expressed optimism on Friday that weekend talks attended for the first time by the United States...

Asif was on steroids: Lawyer

Pakistan paceman Mohammad Asif tested positive for the banned steroid nandrolone during the Indian Premier League...

Mugabe has become a Frankenstein: Tutu

Nobel peace laureate Desmond Tutu has labelled Zimbabwe’s embattled President Robert Mugabe a “Frankenstein” figure...
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