ABC to 'starve' celebs in new reality show
Hollywood: ABC will spend 15 consecutive nights this mid-season giving famous names who are used to the pampered life a dose of harsh reality.
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EU budget open to fraud, says former top official
Brussles: Failures in the European Union's accounting system mean that its near 100-billion budget is open to fraud, a former top official at the European Commission said on Wednesday.
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China top on the FDI graph
Beijing: China takes the largest share of Foreign Direct Investments in Asia and in whole of the developing world.
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It's boom time for China's IT industry
Beijing: China's information industry maintained its strong and steady growth in the first half of this year with software exports growing by 41 per cent, according to official statistics.
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Global private investments slip to 30-yr low
New York: The World Investment Report for 2001 released by the United Nations records the steepest decline in the past 30 years in cross-border private investments. 
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J P Morgan Chase issues earnings warning
New York: J P Morgan Chase on Tuesday warned its third-quarter earnings would be well below their second-quarter level due to weak trading results and bad loans to telecommunications and cable firms.
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EU offers way out of world trade patents dispute
Geneva: The European Union on Tuesday put a plan to the World Trade Organisation (WTO) aimed at strengthening poorer countries rights to benefit from bio-tech inventions that draw on their biological resources.
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Enron to hit prime-time US TV in November
Los Angeles: Enron goes prime-time this November as CBS airs what is believed to be the first of several movies inspired by the energy trading giant's corporate fall -- but this film's makers are actually hoping for a few laughs.
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H-P inks largest $1.5-bn services deal from CIBC
San Francisco: Hewlett-Packard, the leading computer hardware maker, said on Tuesday it signed its largest services deal ever, a $1.5 billion contract to manage technology for Canadian Imperial Bank of Commerce. 
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Citibank freezes Israeli spread plans 
Jerusalem: US banking giant Citibank said on Wednesday it has delayed the opening of a planned retail branch in Israel due to the difficult economic environment. 
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IMF sees slower global growth, maintains 2.8 per cent target 
Washington: The number two official at the International Monetary Fund said on Tuesday that the global economy was expanding more slowly than previously thought and that there were downside risks to the outlook. 
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Daewoo Motor lenders agree $12-billion debt write-off 
Seoul: Bankrupt Daewoo Motor Co detailed a $12 billion debt write-off for its creditor banks on Wednesday, taking the South Korean automaker a step closer to a restructuring that will bring in General Motors Corp. 
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