By DANIEL WOOLLS
MADRID – Warning that very hard times lie ahead for Spain, the country’s next prime minister said his incoming conservative government aims to reduce Spain’s deficit by euro16.5 billion ($21.6 billion) next year.
In a keenly awaited speech to Parliament…
By MALIN RISING
STOCKHOLM – Saab Automobile filed for bankruptcy on Monday, giving up a desperate struggle to stay in business after previous owner General Motors Co. blocked takeover attempts by Chinese investors.
Saab CEO Victor Muller personally handed in the bankruptcy application…
By NATALIYA VASILYEVA
MOSCOW – Rescue workers are searching for 49 men in freezing, remote waters off Russia’s east coast after their oil drilling platform capsized and sank amid fierce storms Sunday.
By nightfall, four men had been confirmed dead, and 14 others…
By NATALIYA VASILYEVA
USINSK, Russia – On the bright yellow tundra outside this oil town near the Arctic Circle, a pitch-black pool of crude stretches toward the horizon. The source: a decommissioned well whose rusty screws ooze with oil, viscous like jam.
This…
By YURI KAGEYAMA
TOKYO – Traces of radiation spilled from Japan’s hobbled nuclear plant were detected in baby formula Tuesday in the latest case of contaminated food in the nation.
Major food and candy maker Meiji Co. said it was recalling canned powdered…
BRUSSELS – The European Union’s antitrust watchdog is probing whether Apple and five major publishing houses have colluded to restrict competition in the market for e-books.
The European Commission probe announced Tuesday focuses on potentially anticompetitive practices by publishers Hachette Livre, a unit…
By RAVI NESSMAN
NEW DELHI – India’s top telecommunications official said Tuesday that Internet giants such as Facebook and Google have ignored his demands to screen derogatory material from their sites, so the government would have to act on its own.
The dispute…
By DANICA KIRKA
LONDON – U.K. Olympic organizers run a risk of exceeding their 9.3 billion-pound ($14.6 billion) budget for hosting the 2012 London games and have little room left for unforeseen costs, Britain’s spending watchdog warned Tuesday.
The National Audit Office report…
By YURI KAGEYAMA
TOKYO – A panel probing an accounting scandal at Japan’s Olympus Corp. said Tuesday an elaborate scheme to cover up $1.5 billion of investment losses was orchestrated by a group of top executives who were “rotten to the core.”
The…
By KELVIN CHAN
HONG KONG – Europe’s festering debt crisis is adding to strains on China just as the country is pricking its property bubble and facing a manufacturing downturn, limiting the ability of the world’s No. 2 economy to prop up global…
