General Motors (GM) has announced that it has chosen the Canadian car parts manufacturer Magna to buy Opel and its sister company Vauxhall. The decision was welcomed by German Chancellor Angela Merkel, who said she was very pleased about it.
Venezuela’s president Hugo Chavez revealed in an interview with the French daily Le Figaro that he has signed an agreement with his Iranian peer Mahmud Ahmadinejad to develop a nuclear program with the help of the Teheran regime.
The United Nations has stepped into the debate on the future of the US Dollar, mainly that it be replaced as the world's reserve currency. The idea has been floating for some time in world capitals, such as Beijing, Moscow, Tehran and Brasilia but is the first time the world organisation openly takes position.
The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. The crisis will happen again but it will be different, he told BBC Two's The Love of Money series.
Russia and Venezuela are expected to sign a contract on the delivery of at least 100 main battle tanks worth about 500 million US dollars to the Latin American country, a Russian defence industry source said on Wednesday according to Russian news agency Novosti.
The four Uruguayan presidential candidates coincided in criticizing Iran’s position regarding the state of Israel and favoured including in the schools programs teaching the Shoa or Holocaust.
Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.
The Government will not flinch from the hard choices on public spending needed to bring Britain's national deficit back down after the country emerges from recession, Chancellor Alistair Darling has pledged.
Archaeologists believe they have solved one ancient mystery surrounding the famous Easter Island statues. At 2,500 miles off the coast of Chile, the island is one of the world's most remote places inhabited by people.
Brazil's plans to buy French fighter jets confirms a trend across Latinamerica that is based in recent history and the proclivity of US lawmakers to put political restrictions on what customers can and cannot do with their purchases.