President Barack Obama on Thursday abandoned plans for a large missile defense shield in eastern Europe, promising instead a stronger, swifter defense system to protect U.S. allies against any threat from Iran.
President Barack Obama has told east European states he was backing away from plans for an anti-missile shield there, in a move that may ease Russian-U.S. ties but fuel fears of resurgent Kremlin influence.
Workers at Opel, German politicians and customers of Canada's Magna expressed concern on Friday about whether General Motors' decision to sell a majority of Opel to Magna and Russia's Sberbank will turn out to be a favorable deal.
General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.
U.S. carmaker General Motors has decided to sell Opel to a group led by Canadian car parts maker Magna, signaling an end to months of uncertainty for the European unit and its 50,000 workers.
General Motors has told Germany it wants to sell its European subsidiary Opel to Canadian auto parts group Magna, German Chancellor Angela Merkel said on Thursday.
The board of General Motors has decided to sell its European arm Opel to Canadian auto parts group Magna , but has attached strings to the sale, sources familiar with the situation told Reuters.
General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.
General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.
General Motors was set to end months of suspense over the fate of its Opel unit on Thursday and announce whether it plans to sell the European carmaker to one of two rival bidders.
Opel's senior labor leader threatened General Motors that the European carmaker's workforce would not pitch in to reduce some $1.2 billion in costs if Detroit retains control of Opel.
Opel's senior labor leader threatened General Motors GM.UL that the European carmaker's workforce would not pitch in to reduce $1.2 billion in costs if Detroit retains control of Opel.
Musicians from 40 countries gathered in the heart of former Nazi-occupied Poland on Tuesday to mark the outbreak of World War Two with a concert to persuade people making music is better than waging war.
Russian Prime Minister Vladimir Putin rebuffed criticism on Tuesday of Moscow's role just before World War Two during ceremonies marking the 70th anniversary of Nazi Germany's invasion of Poland.
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc says he's getting a lot of work done from his massive villa overlooking the Adriatic.
General Motors' chief negotiator in the sale of Opel will on Tuesday meet a task force created by the German government to discuss the U.S. carmaker's plans for the European unit, a German politician said.
General Motors may make clear within the next 24 hours whether it wants to keep its European carmaker Opel rather than sell it, a German labor representative said on Tuesday.
General Motors may make clear, within the next 24 hours, whether it wants to keep its European carmaker Opel rather than sell it, a German labor representative said on Tuesday.
General Motors Co said on Friday its board had not picked a winning bidder for Opel after convening to discuss the automaker's options, leaving the fate of its German unit still uncertain after months of high-stakes negotiations.
General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.
General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday.
Germany could provide 4.5 billion euros ($6.35 billion) in state aid for carmaker Opel if General Motors chooses Canada's Magna, Berlin's favored suitor, as the buyer, a minister said.
