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Peugeot Citroen cuts 2,700 jobs
French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.
How Virgin Galactic will make space tourists of us all

Catching a plane to London, Paris or Rome is effortless, affordable and, more significantly, quite routine, but it is all too easy to forget that commercial flying did not become possible until many years after the Wright brothers took to the air in 1903. Now imagine the task of commercialising space travel.

Cash-strapped
Small firms in India come under pressure
Fair trading complaint against Man Utd by fans

A group of Manchester United fans has asked the U.K. Office of Fair Trading to investigate the Premier League soccer club's ticketing policy.

IMF approves $2.1bn Iceland loan
The International Monetary Fund approves a $2.1bn (£1.4bn) loan for Iceland, after its banking system collapsed in October.
Global liquidity crisis 'is over'
The head of Japan's leading brokerage, Nomura Holdings, suggests that the global liquidity crisis is over.
Santander snubs UK shareholders
The giant Spanish bank Santander has excluded 1.8 million UK shareholders from taking part in a new share issue.
China fears grow over job losses
Beijing says its employment outlook is "grim", amid concerns of increasing social unrest caused by economic problems.
FDIC Chairwoman Weighs In on Loan Modification Plan
FDIC Chairman Sheila C. Bair said the plan coming from Fannie and Freddis is a step in the right direction.
Shareholders want in on bank rescue

Major shareholders in Irish banks are preparing to revolt if the Government lines up private equity investors to help recapitalise lenders without allowing existing shareholders to participate.

AstraZeneca axes jobs and plants
Anglo-Swedish pharmaceutical giant AstraZeneca says it will cut 1,400 jobs by 2013 and close three European factories in a cost-cutting effort.
Bernanke Leaves Door Open to Further Rate Cuts
Warning that financial markets remain under "severe strain," Federal Reserve Chairman Ben Bernanke pledged Friday to work closely with other central banks to fix global financial problems and left open the door to a fresh interest rate cut to help brace the sinking U.S. economy.
EU leaders to consider €130bn plan to bolster economies

The European Union's executive arm will next week unveil a stimulus package worth €130bn aimed at bolstering the bloc's economy, a senior German minister said yesterday.

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