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Last Updated: Mar 3rd, 2010 - 11:30:28
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ATHENS, Greece - Prime Minister George Papandreou called on Greeks to brace for more painful spending cuts to deal with an unprecedented financial crisis, saying their sacrifices were essential to national survival.
CHICAGO - Toyota has reported an 8.7 per cent drop in February US sales amid a series of mass recalls and congressional investigations into the Japanese automaker's safety standards.
WASHINGTON - Senior Toyota executives have faced another grilling by US senators as the number of US deaths blamed on defects in the Japanese giant's vehicles rose to more than 50.
WASHINGTON - General Motors has announced it will recall 1.3 million cars in North America over a potentially faulty power steering motor following a federal probe into the problem in January.
GENEVA - Fiat's Alfa Romeo unveiled its long-anticipated Giulietta, quite possibly the make-or-break vehicle for the struggling sports car unit, and the first car produced by Fiat to use a new flexible platform that will be expanded to Chrysler models through their alliance.
LONDON - BP, Europe's biggest oil company, says it will aim to cut more costs to improve its profitability over the next two or three years.
GENEVA - International air passenger traffic grew 6.4 per cent in January compared to a year earlier, with Asia, Latin America and the Middle East lifting demand.
TOKYO - Japan's lower house passed a record trillion-dollar budget that will add to an already bulging public debt mountain as Tokyo tries to stimulate a recovery in the world's second biggest economy.
NEW YORK - News Corp Chairman Rupert Murdoch said on Tuesday that The Wall Street Journal would launch its New York metro section in April.
CUPERTINO - Apple has announced it is suing Taiwan's HTC Corp, accusing the handset maker of violating patents related to the iPhone.
BAGHDAD - Iraq's oil exports reached their highest level in February since Saddam Hussein's invasion of Kuwait in 1990, oil ministry spokesman Assem Jihad told AFP.
MUMBAI - India's manufacturing exports rose for a third-straight month in January and new orders hit an 18-month high in February - further evidence of the country's solid economic rebound.
© Copyright 2004 by Merlea Investments
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