Geldof unveils African trade plan

No agreement for US car bail-out
US politicians say there is no agreement on a rescue plan to help the crisis-hit "Big Three" carmakers.

Russia pushes Ukraine on gas debt
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.

Latvia to seek support from IMF
Latvia becomes the second European Union country to seek the International Monetary Fund's help to stabilise its financial system.

Oil price hovers at $50 a barrel
Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.

Peugeot Citroen cuts 2,700 jobs
French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.