Japanese carmakers to work together on fuel cells: report
Tokyo: A group of top automakers aims to jointly develop technology to allow fuel cell cars to cover similar distances as gasoline engine cars, a Japanese newspaper reported on Monday.
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Opec decides to boost output target by 6.5%
Brussels: Opec members agreed on Sunday to boost the cartel's oil production target by 6.5 per cent to cover a shortfall in crude exports from Venezuela.
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Wal-Mart, Sainsbury plan separate bids for Safeway
Washington: US retail giant Wal-Mart and Britain’s J Sainsbury) are planning to announce offers of over £3bn ($4.8bn) this week for rival Safeway, the Sunday Telegraph said.
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Bush vows to double SEC budget
Washington: President Bush said on Saturday he would propose the largest-ever increase in the Securities and Exchange Commission’s budget, promising to restore investor confidence by cracking down on corporate crime and boosting the economy with tax cuts.
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Unemployment at 8-year high
New York: US companies slashed 101,000 jobs in December as retailers limped through a cheerless holiday season, leaving unemployment at an eight-year high of 6% at the close of a year that many workers want to forget.
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Bee Gee Maurice Gibb is no more
London: Maurice Gibb, a member of the famed disco band the Bee Gees, died on Sunday at a Miami Beach hospital, his family said. He was 53. Gibb suffered cardiac arrest before undergoing surgery for a blocked intestine.
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Reuters set to cut 1,000 more jobs: report
London: The world's largest financial information provider, the Reuters Group Plc, is set to shed a further 1,000 jobs as part of a new cost-cutting drive, The Sunday Times newspaper said, citing industry sources.
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