NEW YORK – The European Central Bank and the Bank of England cut interest rates to record lows yesterday to battle a recession that has threatened the survival of General Motors and undercut fellow U.S. corporate giant General Electric .
BRUSSELS – In its first public overture to Tehran, the Obama administration intends to invite Iran to an international conference on Afghanistan planned for this month, Secretary of State Hillary Clinton announced yesterday.
BRUSSELS – NATO agreed yesterday to resume formal ties with Russia, suspended after Moscow’s war with Georgia, in the hope of winning greater Russian support for its struggle to stabilise Afghanistan.
WASHINGTON – President Barack Obama opened his drive for a healthcare overhaul at a White House forum yesterday, seeking momentum to change a costly and inefficient system he says is dragging down the U.S. economy.
BAGHDAD – A car bomb exploded in a livestock market in Iraq’s southern Babil province yesterday, killing 12 people, wounding 40 and shattering a peace that had held in the area for some time, police said.