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Wednesday, 17 Dec 2008

Market meltdown

EU unveils climate, economic stimulus plan

Reuters

European leaders have sealed a 200-billion-euro economic crisis pact, while unveiling an ambitious climate change deal to cut greenhouse gas emissions by 20 percent from 1990 levels by 2020.

Focus on White House in auto bailout saga

Reuters

The Bush administration says it could be willing to provide emergency aid to the teetering US auto industry, keeping open the prospects for a bailout the day after Congress failed to approve a deal.
Auto industry bailout dies in US Senate

Auto industry bailout dies in US Senate

Reuters

The US Senate has failed to reach a last-ditch compromise to bail out automakers, effectively killing any chance of congressional action this year.

Rio Tinto to cut 14,000 jobs

By MICHAEL FOX

Nervous workers at Rio Tinto’s aluminium smelter near Invercargill are waiting to hear their fate after the global mining giant announced plans to cut 14,000 jobs worldwide.
Rio Tinto moves to slow Canadian projects

Reuters

TRADE CALL: Western Hemisphere nations must renew commitments to free trade despite global financial turmoil, US Secretary of State Condoleezza Rice says.
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