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Sony to cut 20,000 jobs in broad restructuring
Sony announced a long-awaited restructuring plan aimed at slashing costs, boosting profitability and placing it firmly on the offensive in the emerging world of networked consumer electronics. 11:05 | Read
  • More upheaval for the restless revolutionary Requires subscription
  • German business confidence strengthens
    Ifo business climate index rises by more than expected 10:07 | Read
    ABB unveils finance plan as net loss widens
    Warns it is unlikely to report net profit in 2003 12:39 | Read
    Ahold sales fall amid fierce competition
    Shares down after further blow to recovery plans 12:03 | Read
    Banks lead $70bn M&A spree in the US
    Biggest wave of mergers since 1990s bull market 00:19 | Read
    Broken glasses
    Broken eye glasses in an evacuated school near the Red Cross bomb site in Baghdad. The US is urging aid agencies to stay in Iraq


    US EQUITIES
    Wall Street set for gains ahead of Fed meeting
    US futures trade pointed to a higher open on Wall Street, but trade was likely to be muted ahead of the Federal Reserve's open market committee meeting later in the session.  13:07  | Read

    CURRENCIES
    Yen hits three-year high against dollar
    Poor retail sales data in Japan failed to dent sentiment for the stock market which in turn helped the yen maintain its current levels at three-year highs against the dollar.  13:33  | Read

    Requires subscriptionLibya
    Dealing with Gadaffi
    Colonel muammer Gadaffi Fifteen years after the bombing of Pan Am Flight 103, Tripoli has agreed to pay up to $2.7bn as the price of its freedom from sanctions. As companies gear up for what they see as the best opportunity in decades to open up Libya for investment, Edward Alden and Roula Khalaf report on how the US negotiated the rehabilitation of a "sponsor of terrorism".
    Oct 27 2003 | Read


    Comment & AnalysisMore
    Iranian ambitions call for a united reaction
    Image
    Bush should build on recent progress by approaching Europe, Russia and others and persuading them to offer Iran a deal, writes Joseph Nye, of Harvard's Kennedy School of Government. Oct 27 2003 | ReadRequires subscription
    More upheaval for the restless revolutionary
    Nobuyuki Idei
    Since Nobuyuki Idei became Sony president and chief operating officer in 1995, the company has been gripped by what seems like a permanent revolution. Oct 27 2003 | ReadRequires subscription
    Europe needs to work as a whole on defence
    Rather than creating artificial core groups, we should build up what crisis management capabilities the EU already has, writes Erkki Tuomioja, Finland's foreign minister. Oct 27 2003 | ReadRequires subscription
  • Europe must stop trying to compete with Nato Requires subscription
  • FeaturesMore Requires subscription
    Carmakers try to avoid red while going green
    Small cars are being developed for Europe as manufacturers are pushed by environmental regulations. But any reduction in vehicle size will add to the intense pressure on profits. 20:39 | Read
    Creative BusinessMore Requires subscription
    Say cheese! (and see you in the tabloids)
    Traditional photos are taken to remember something, but phone photos are fleeting. Unless they end up on the internet. The privacy implications of cameras on phones have begun to raise concerns. 18:19 | Read
    WorldMore
    Suicide attack kills at least four in Iraq  12.58 | Read
    US warns of Saudi terror threat  12.36 | Read
    Emergency declared as Californians flee fires  8.26 | Read
    Arafat asks Qurie to remain PM  13.28 | Read
    BusinessMore
    Bank of America to acquire FleetBoston  17.22 | Read
    BAT shares rise after $6.2bn RJ Reynolds deal  10.06 | Read
    BP quarterly profits fall below expectations  12.22 | Read
    Honda interim profits up 23% on overseas sales  8.43 | Read
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