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32 insurgents killed in Afghan battle, military says

32 insurgents killed in Afghan battle, military saysU.S.-led forces raided a Taliban bomb-making cell in eastern Afghanistan, killing 32 insurgents in a battle with scores of armed militants who shot at them from rooftops and alleyways.

Urging on Mumbai gunmen by phone

Urging on Mumbai gunmen by phoneGrim details of the Mumbai attacks were compiled by the Indian authorities and officially shared with the Pakistani government on Monday.

Fund heads voice short selling fears

Fund heads voice short selling fearsThree associations representing fund managers in Australia, the UK and US have joined forces to warn that their industry would be damaged if market regulators publish detailed information on short selling trading positions

German bond sale's fate signals trouble ahead

German bond sale's fate signals trouble aheadAuction of 10-year paper fails to attract enough bids to reach the €6bn the government wanted to raise, in a warning for governments seeking to raise record amounts of debt to stimulate slowing economies

Israel and Egypt discuss Gaza truce

Israel and Egypt discuss Gaza truceDiplomats said it was too early to say whether the talks on a plan that remains vague but has gained international support, would be successful

EU calls crisis talks as gas flow stops

EU calls crisis talks as gas flow stopsEuropean leaders hope the talks with Alexei Miller, chief executive of Russia's Gazprom, and Oleh Dubyna, of Ukraine's Naftogaz, will lead to an immediate resumption of supplies

$1bn fraud at India IT group

$1bn fraud at India IT groupB Ramalinga Raju, chairman and chief executive of India's Satyam Computer Services, stepped down after confessing to fixing the company's books for the past 'several' years in a $1bn fraud described as the country's 'Enron'

Time Warner slashes its profits forecast

Time Warner slashes its profits forecastThe gloom surrounding the media sector deepened further when Time Warner slashed its forecasts for 2008 profits and took a $25bn writedown on the value of its empire of old media properties, such as Time Inc magazines, and new media brands, including AOL

Cathay Pacific doubles fuel hedging losses

Cathay Pacific doubles fuel hedging lossesCathay Pacific on Wednesday warned investors that losses arising from contracts it had taken to hedge its future fuel requirements had more than doubled to HK$7.6bn ($980m)

EU pushes for resumption of Russian gas supplies

EU pushes for resumption of Russian gas suppliesRussian gas supplies via Ukraine to western Europe were completely shut off as Russia and Ukraine agreed to neutral observers to assess the cause of the stoppage that appears destined to provoke a serious energy crisis in Europe

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