Fears of a new recession have wiped trillions of dollars in value from global stock markets in recent weeks and sent investors scurrying to assets they view as less risky.

But are 'safe havens' like

Global stock markets tumbled again on Friday, while gold surged to a new record amid fears that the United States and Europe were facing a new downturn with little chance of stopping the freefall.

On

A New York court is set to hear arguments on Sep 21 over Indian Urban Development Minister Kamal Nath's claim for diplomatic immunity in a case over his alleged role in the November 1984 anti-Sikh rio

Lawyers for the woman who accused former IMF chief Dominique Strauss-Kahn of sexual assault have explored a deal in which they would scuttle the criminal case in exchange for a monetary settlement in

Hewlett-Packard shares plunged 20 per cent on Wall Street after the world's top personal computer maker announced a dramatic strategic shakeup that includes spinning off its PC business.

New worries that Europe and the United States are sinking into a recession roiled global stock markets on Thursday, while panicky investors pushed gold and US Treasury bonds to fresh records.

The wor

Bank of America Corp will slash 3,500 jobs in the current quarter and is working on broader restructuring that could eliminate thousands of additional positions, a media report says.

Citing people fa

News Corp's senior management is starting to think about what the company might do if James Murdoch stepped aside, sources inside and close to the global media empire said.

With Rupert Murdoch's youn

Embarking on drastic restructuring efforts, technology major Hewlett-Packard is planning to spin off its personal computer business, while deciding to discontinue tablet offerings.

Hewlett-Packard (H

One will emerge flush with success and nine will go down the drain: it's America's competition for best public toilet and decision time is fast approaching.

Fans have until September 19 to cast onlin