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World business news - CNNMoney.com
World business news - CNNMoney.com
  • Ukraine, Russia stop gas to Europe
    Ukraine and Russia said the supply of natural gas to Europe was completely shut off Wednesday, but each side blamed the other for the cut-off, which comes as Europe faces a wave of freezing temperatures.

  • Head of Indian IT firm resigns
    The chairman of India's fourth-largest software-services provider resigned Wednesday after confessing to inflating the company's profits for years with "fictitious" assets and nonexistent cash.

  • No end for Russia gas dispute
    Read full story for latest details.

  • German billionaire commits suicide
    German billionaire Adolf Merckle, one of the richest men in the world, committed suicide on Monday after his business empire got into trouble in the wake of the international financial crisis, Merckle's family said Tuesday in a statement.

  • Toyota idles plants for extra 11 days
    Toyota announced Tuesday it will idle all 12 of its wholly owned factories in Japan for an extra 11 days in response to the slumping auto market.

  • Dollar rises on weak European data
    The dollar continued its rise against the euro Tuesday as negative economic reports punished the European currency.

  • Oil caught in tug-of-war
    Oil prices fluctuated wildly Tuesday after a handful of dismal economic reports countered signs that OPEC nations were starting to comply with planned output cuts.

  • Citgo suspends low-income oil program
    Venezuela's Citgo Petroleum is suspending a program that provides discounted home heating oil to lower-income residents in U.S. communities, an energy group announced Monday.

  • Russia cuts gas flow again
    Read full story for latest details.

  • Global car sales fall steeply
    Read full story for latest details.


Robyne Wilkerson
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