The US trade deficit swelled to a record $66.1 billion in September, after Hurricane Katrina pushed oil prices to record highs and exports fell to cause the largest monthly increase in the deficit in over

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British finance minister Gordon Brown on Thursday urged the international community to back a proposed plan aimed at regenerating the Palestinian economy battered by years of conflict with Israel. Speaking at a business conference in

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Germany's Siemens reported a drop in operating profit but higher sales and new orders in a mixed fourth quarter, and said it planned to return some of its cash pile to investors by raising its

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Germany's Siemens reported a drop in operating profit but higher sales and new orders in a mixed fourth quarter, and said it planned to return some of its cash pile to investors by raising its

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Workers at Volkswagen's Spanish unit have started a 24-hour strike, stopping production at the company's Martorell plant in north-eastern Spain, a Seat spokesman said on Thursday. "The production line has been stopped since 10 pm

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India needs to keep momentum for economic reforms going and try to boost growth if it is to come to grips with huge problems of poverty and joblessness, US Treasury Secretary John Snow said on

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World energy demand has emerged largely unscathed from the most active Atlantic hurricane season on record and prices could shoot higher as consumption recovers, the International Energy Agency said on Thursday. Record high prices, mild

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China's trade surplus hit a record in October of about $11.8 billion, up from $7.1 billion a year earlier and rebounding much more strongly than expected from a September dip, partial data released on Thursday

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Three of the world's biggest electronics companies - IBM, Sony and Philips - have joined forces with the two largest Linux software distributors to create a company for sharing Linux patents, royalty-free. The Open Invention

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World Trade Organisation (WTO) chief Pascal Lamy on Thursday defended delaying a push for a draft global trade deal until early next year, saying the risk of failure had been too great. "There is not

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