• Ericsson to cut 5,000 jobs after profit fall

    Ericsson to cut 5,000 jobs after profit fall

    21/01/2009 05:00

    Swedish wireless equipment maker Ericsson announced Wednesday it would lay off 5,000 employees worldwide for further cost savings following a substantial fall in profit. Ericsson Chief Executive Carl-Henric Svanberg attends a news conference in...

  • U.S. Senate approves Hillary Clinton as secretary of state

    U.S. Senate approves Hillary Clinton as secretary of state

    21/01/2009 05:00

    The U.S. Senate, by a vote of 94-2, on Wednesday approved Hillary Rodham Clinton as the secretary of state, paving way for the former first lady to launch the so-called smart power diplomacy. Hillary Clinton stands with members of the Senate...

  • Study: Urine test can detect common cause of kidney transplant failure

    Study: Urine test can detect common cause of kidney transplant failure

    21/01/2009 05:00

    A new and simple urine test that can detect a common cause of kidney transplant failure may help lead to better diagnosis and treatment of patients with polyomavirus nephropathy, which affects up to nine percent of kidney transplant recipients....

  • UN chief Ban sees “heartbreaking” Gaza damage

    UN chief Ban sees “heartbreaking” Gaza damage

    21/01/2009 05:00

    U.N. Secretary-General Ban Ki-moon speaks to journalists in Gaza City in front of the United Nations compound that was struck by Israeli fire during Israel’s offensive, January 20, 2009. UN Secretary-General Ban...

  • Fiat and Chrysler strike alliance amid crisis

    Fiat and Chrysler strike alliance amid crisis

    21/01/2009 05:00

    A worker inspects a newly produced Fiat Ducato at the Severstal Auto plant in Elabuga May 27, 2008 Fiat said Tuesday it would be given a 35 percent stake in struggling US automaker Chrysler LLC in exchange for...

  • Obama becomes U.S. president, turns page on Bush

    Obama becomes U.S. president, turns page on Bush

    21/01/2009 05:00

    President Barack Obama toasts with his wife Michelle at the inaugural luncheon in Washington, January 20, 2009. Barack Obama took power as the first black US president Tuesday and quickly turned the page on the...

  • China’s GDP grows by seven-year low of 9% in 2008

    China’s GDP grows by seven-year low of 9% in 2008

    21/01/2009 05:00

    China’s economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world’s fastest-growing economy, official data showed Thursday. Gross domestic...

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