CHINA

The jobs cut is the single largest job reduction by a U.S. company this year, and the most since the U.S. Postal Service said last year it wanted to cut an additional 30,000 jobs.

Stock index futures fell on Tuesday after reports cast doubt on a possible deal for China to buy Italian debt, heightening concerns about the fiscal crisis in Europe.

Italian Economy Minister Giulio Tremonti met Chinese officials last week, a Treasury spokesman said on Tuesday after the Financial Times reported that Rome had asked China to buy significant quantities of its debt.

Gold prices steadied in volatile trade on Tuesday after briefly extending the previous session's 2.5 percent slide below $1,800 an ounce, as the dollar's gains versus the euro put fresh pressure on the precious metal.

The euro fell broadly on Tuesday after a report cast doubt on the possibility that China would support Italy by buying its government debt, while an auction of Italian bonds showed Rome paying a high price to borrow from the market.

European index futures rose and the euro edged off a seven-month low on Tuesday after a report that Italy may get financial support from China sparked a bout of short-covering but did nothing to ease fears that Europe is sliding into another banking crisis.

European shares fell again Tuesday morning, hitting a fresh two-year low for the second straight session as investors worried policymakers had no plan to stem the euro zone debt crisis, which could see Greece default.

Fiat chief executive Sergio Marchionne said the euro single currency system could go off the rails unless European leaders effectively resolve the current debt crisis.

Italy has asked China to buy Italian debt as the euro zone's third-largest economy struggles to convince markets it can manage its debt load, media reports said.

The 5 ft 10 1/2 inches tall beauty is also the fourth African woman to win the title. The last African to win is Mpule Kwelagobe, Miss Universe 1999 from Botswana. Other winners came from Namibia (1992) and South Africa (1978).

European stocks rose on Tuesday on a report that Italy may get financial support from China but the euro inched down as markets remained fearful that Europe is sliding into another banking crisis.

Leila Lopes is the second black African woman and the fourth black woman in the world to win the Miss Universe title. Lopes is also the first ever from her home country Angola to get crowned “Miss Universe.”

Miss Angola 2011, Leila Lopes became the fourth black woman in the world to win the Miss Universe title at the Miss Universe 2011 competition. Here are the other black women who won the Miss Universe crown in past.

Miss Angola is the first contestant from Angola to become Miss Universe.

On Monday, millions of people across the world watched in admiration as Miss Angola, Leila Lopes, was crowned the winner of the 2011 Miss Universe pageant.

Miss Angola Leila Lopes, a business student from the town of Benguela in her home country, was crowned Miss Universe on Monday after dazzling a panel of judges with her beauty and impressing them with her brain.

Prospects for job seekers are gloomier in most major economies than they were three months ago, as weak U.S. and European economies begin to affect employers' confidence in other parts of the world, according to a quarterly hiring survey by ManpowerGroup.

Leila Lopes, a 25-year old dusky beauty from Angola won the coveted Miss Universe 2011 title, beating the contestants from Ukraine (23-year-old Olesia Stefanko, 1st Runner-up) and Brazil (Priscila Machado, 2nd Runner-up). The 3rd Runner-up was Miss Philippines and 4th Runner-up was Miss China.

Leila Lopes, a 25-year old dusky beauty from Angola won the coveted Miss Universe 2011 title, beating the contestants from Ukraine (23-year-old Olesia Stefanko, 1st Runner-up) and Brazil (Priscila Machado, 2nd Runner-up). The 3rd Runner-up was Miss Philippines and 4th Runner-up was Miss China.

The rupee rose on Tuesday breaking a six-day losing streak and clawed back from the 14-month low touched in the previous session comforted by a firm euro and gains in domestic equities.

It's not Shamcey Supsup of Philippines, as an online poll suggested, who named the winner of the Miss Universe 2011 contest. The crown has been awarded to someone who didn't even appear in the list of top 10 voted contestants - Miss Angola, Leila Lopes.