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| World News In Brief |
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World stocks fall on Citigroup cuts
Most world stock markets fell Monday after Citigroup Inc. said it would cut another 53,000 jobs around the world to deal with the fallout from the financial crisis. Asian shares were steady earlier.
Obama, Biden speaks with world leaders
President-elect Barack Obama and Vice President-elect Joe Biden spoke with several world leaders by phone Monday.
Biden speaks with world leaders
Vice President-elect Joe Biden spoke with several world leaders by phone Monday.
World cotton production falls as farmers turn to new crops
World cotton production is set to fall six percent to 24.7 million tons over the next year as growers turn to other crops to make money, an international trade body said Monday.
TOKYO: World's second-largest economy is in recession
Japan's economy slid into a recession for the first time since 2001, the government said. The world's second-largest economy contracted at an annual pace of 0.4 percent in the July-September period after a declining an annualized 3.7 percent in the second quarter. The result was worse than expected.
World stocks slide on Citigroup jobs cull
U.S. and European stock markets fell Monday after Citigroup Inc. announced that it would cut another 53,000 jobs around the world in the coming quarters to deal with the fallout from the financial crisis. Asian shares were steady earlier.
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