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Lima  - The leaders of several emerging economies on Friday issued a message of cautious hope amid the gloom of the widening global economic crisis, by stating that new opportunities are arising even though the financial world is struggling.
In comments to the CEO summit that preceded this weekend’s annual Asia-Pacific Economic Cooperation (APEC) forum, Peruvian [...]

Washington  - The economic and political clout of the United States will decline by 2025, the spread of nuclear weapons and cyber- terrorism will emerge as the most potent global threats, and new wars are likely to be fought over water and food scarcity.

Lima  - The APEC Business Advisory Council (ABAC) on Thursday called on the region’s leaders to resist the “potential reactionary measures of protectionism and draconian regulation.”

Wellington  - The New Zealand economy, already technically in a recession, suffered a further blow Friday when dairy farmers were warned to brace themselves for a 700-million-New-Zealand-dollar (about 364 million US dollars) cut in their projected income.

Los Angeles  - Sales at Dell Inc dropped 3 per cent in the quarter, but the company said Thursday that it increased its earnings per share by cutting jobs.

London  - Aero-engine maker Rolls-Royce said Thursday it would cut up to 2,000 jobs worldwide as a result of the current economic “uncertainties.”

Washington  - Chief executives from the United States’ iconic Big Three automakers faced a skeptical audience this week as they took their plea for a 25-billion-dollar bail-out to US lawmakers.

Paris  - As has been the custom every year since 1985, shortly after midnight French time on the third Thursday of November 2008, wine drinkers around the world celebrated the new vintage of the Beaujolais Nouveau.

Tokyo  - Suzuki Motors Corp bought back its 3.02-per-cent stake from the US auto giant General Motors Crop (GM), the Japanese automaker said Tuesday.

San Francisco  - Silicon Valley company Spansion sued Samsung on Monday alleging that the South Korean company had violated numerous patents in its flash memory products and asking the courts to ban the sale of devices like the Apple iPod that use Samsung memory modules.