Two companies vie for Opel’s future

Two groups remain in the hunt to take over carmaker Opel from the umbrella of General Motors’ European operations: Canadian-Austrian supplier Magna and Italian car company Fiat The German government met Wednesday to discuss the future of the carmaker. The chief concern is to make sure the car company does not become embroiled in the bankruptcy protection proceedings of parent company GM.

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Just A Few Hours to Save the World at the G-20

To what extent has the outcome of today’s meeting of 19 leading economies and the European Union already been agreed? That’s the $2 trillion question. The sum is the proposed level of fiscal stimulus by G-20 nations identified in an early leaked draft of the final communiqué expected later today.

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Sarkozy puts government on line over NATO

President Nicolas Sarkozy of France will put his government on the line over his decision to bring the country back into NATO’s integrated military command, more than 40 years after it walked out. French lawmakers will vote Tuesday on whether to support Sarkozy’s move, which he announced officially on Wednesday

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Pope admits mistakes over Holocaust-denying bishop

The Pope has admitted making mistakes over the lifting of the excommunication of a Holocaust-denying bishop. In a letter to church leaders, parts of which have been published on a popular Catholic blog, Pope Benedict XVI says the church should have been aware of the views of Bishop Richard Williamson. Williamson, an Englishman, hit the headlines partly because the pope lifted his long-standing excommunication, along with that of three other members of the ultra-conservative Society of St

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