No agreement for US car bail-out
US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out. More..

Recession fears hit Wall Street
Wall Street shares fall steeply for the second day in a row, amid investors' growing fears of a protracted economic downturn. More..

US global power 'set to wane'
American dominance is likely to weaken by 2025 as India and China grow stronger, a new US intelligence report says. More..

Singapore officially in recession
Singapore downgrades its economic growth figure, which confirms it was Asia's first country in recession in the current financial crisis. More..