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Arnold schwarzenegger and his wife maria Shriver
Arnold Schwarzenegger and wife Maria Shriver, a niece of President John F. Kennedy, celebrate in Los Angeles.
California voters elect Schwarzenegger as governor
Californians voted to sack Democratic governor Gray Davis and chose Arnold Schwarzenegger, an untested political novice, to replace him. 09:14 | Read
  • NY Times: New leader, new tumult
  • News file: California recall
  • Dollar tumbles to fresh low against the euro
    Greenback hits three-month low of $1.1839 11:19 | Read
  • Greenback's fall may prove mixed blessing
  • Amersham rises 24% as bid approach is confirmed
    Company now valued at £4.8bn 12:15 | Read
    Philips considers cutting stake in TSMC
    Move aims to remove debt from balance sheet 10:42 | Read
    Vivendi Universal and NBC finalise merger
    GE to assume more debt than first agreed 09:31 | Read


    US EQUITIES
    Wall Street awaits Yahoo update
    US stocks looked likely to open unmoved as investors await fresh earnings news from Yahoo. Alcoa is expected to rise after beating forecasts with third quarter earnings.  12:52  | Read

    CURRENCIES
    Dollar tumbles to fresh low against the euro
    The dollar tumbled to a fresh three-month low against the euro and remained close to Tuesday's three-year low against the yen as concerns about the US current account deficit grew.  11:19  | Read

    Requires subscriptionAnalysis
    Lex live: Philips Electronics
    Lex Philips Electronics would struggle to claim that superior operating skills have driven its 22 per cent outperformance of GE over the last decade. But the Dutch conglomerate can point to a strong record in trading businesses. Wednesday's decision to offload a chunk of Taiwan Semiconductor also looks shrewd.
    Oct 8 2003 | Read


    Comment & AnalysisMore
    Europe must stop trying to compete with Nato
    eu nato
    The European security and defence policy is a wasteful, unnecessary and disruptive competitor to the Atlantic alliance, argues Bernard Jenkin, the UK's shadow defence secretary. Oct 7 2003 | ReadRequires subscription
    Martin Wolf: Rivals and partners
    Martin Wolf
    Friction between the US and China is inevitable. But the two powers' shared interests in peace and prosperity are vastly more important than the reasons for conflict. Oct 7 2003 | ReadRequires subscription
    John Kay: The public always comes last
    The only victors from recent trade negotiations are high-cost producers, which will continue to enjoy subsidies in rich countries and protection in poor ones. Oct 7 2003 | ReadRequires subscription
  • More from this columnist
  • Brussels briefingMore Requires subscription
    Diplomatic notebook: Afghanistan's varied repercussions
    Before Nato ambassadors flew off to an informal meeting in the US, they made a decision that could have long-term implications for Afghanistan. 15:49 | Read
    LexMore Requires subscription
    Lex: Air France and KLM
    Scratch beneath the surface and it is clear that developments in the US, not Europe, have provided the tailwind behind Air France's takeover offer of KLM. 20:48 | Read
    BusinessMore
    Sodexho blames weak dollar for sales drop  9.40 | Read
    Costco hit by competition and healthcare costs  13.22 | Read
    SMFG agrees joint venture with Goldman Sachs  | Read
    Vivendi Universal and NBC finalise merger  9.31 | Read
    WorldMore
    Rumsfeld 'not told' of postwar shake-up  21.42 | Read
    Molecular biologists win Nobel chemistry prize  12.05 | Read
    Five countries outvoted on EU bank rules  18.24 | Read
    Israel and Syria trade rhetorical attacks  0.33 | Read
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