Toyota, now the leading auto manufacturer worldwide, is shutting an assembly operation in California…California loss is Ontario’s gain: Toyota

Germany’s Federal Bank President Axel Weber, in an interview with a German newspaper, said that while the German economy may have bottomed out, it remains too early to declare an end to the financial crisis.German federal bank president: crisis not over yet

GM signs up to a joint venture with the Chinese state-owned carmaker FAW to make light trucks and vans. General Motors expands in China

Frankfurt banks on good times’ return
Try telling Juergen Ferdinand the recession in his native Germany is over.

BEIJING, Aug. 29 (Xinhua) — Industrial enterprises in 22 Chinese provinces, regions and municipalities generated 1.11 trillion yuan (163 billion U.S. dollars) of profit in the first seven months, down 17.3 percent from the same period last year, according to the latest official figures. China’s industrial profit down 17.3% in first seven months

The International Energy Outlook 2009 (IEO2009) presents an assessment by the Energy Information Administration (EIA) of the outlook for international energy markets through 2030. U.S. projections appearing in IEO2009 are consistent with those published in EIA’s Annual Energy Outlook 2009 (AEO2009), (March 2009). International Energy Outlook 2009 

Russians owe more than 150 billion rubles to banks MOSCOW, August 28 (Itar-Tass) — Russian citizens owe more than 150 billion rubles to banks, a source at the Federal Bailiff Service told Itar-Tass on Friday.

Jobless rate at 5.7% and consumer price fall of 2.2% highlight fears of double dip.Japan unemployment hits record high

Sharjah, UAE