Renault under pressure to help AvtoVAZ

15/10/09 20:32 CET

corporate

| |

The Russian government is increasing pressure on Renault to help debt-laden carmaker AvtoVAZ.

The French company has a 25 percent stake in AvtoVAZ, which a government report recently said is almost bankrupt and needs to cut almost half its 102,000 workers to survive. Moscow would like to see Renault invest more or give AvtoVAZ additional technical help.More about: Car industry, France, Renault, Russia

| |

Greece: 48-hour general strike over new austerity measures

Greek political leaders have struck a deal on further austerity measures, angering protesters but failing to secure a second…

Syrian troops pound Homs with mortar strikes

Syrian government troops have unleashed a fresh assault on the city of Homs, ignoring Western…

Tahrir marks the anniversary of Mubarak's ouster

Egypt is braced for a general strike on Saturday, the day which marks the one year anniversary of…

Egypt's Islamist-military 'coup'

Sarkozy's re-election bid hit by sleaze claims

One of French President Nicolas Sarkozy’s close aides is being formally investigated for financial wrongdoing. Eric Woerth, a one-time budget minister, is under the spotlight regarding a…

Spain's 'human rights' judge Garzón convicted

Spain’s best-known judge, who achieved international fame for his human rights investigations, has been found guilty of illegal practice. The punishment by the country’s Supreme…