The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down.

Leaked reports into England's rugby World Cup debacle paint a picture of a squad in meltdown and expose schisms and leadership failings greater than even their dismal performance had suggested.

US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.

The turnaround at Tata-owned car-maker Jaguar Land Rover accelerated in the July-September quarter as booming demand in China helped drive a 30 per cent rise in sales, the company announced in a statement.

The spectre of Pakistan's nuclear weapons falling into the hands of terrorist organisations has once again come to the fore. Western commentators are calling for plans to secure or destroy the nuclear warheads in the event of a meltdown. It would be in India's interest to provide the maximum possible assistance for such a move, says Brigadier Gurmeet Kanwal (retd)

More than 200 Indian companies have invested in China.

Some banks continue to pay exorbitant salaries to their chief executives.

Amid growing fears of another global recession looming large, President Pratibha Patil today exuded confidence that India with its "strong fundamentals and resilience" will continue to grow economically.

"The Opposition is getting prematureless restless," Dr Singh said, "The Opposition would like to make the weak points of the government the focus of attention and hope to force an election. But that is not going to happen! The Opposition will have to wait for two-and-a-half years. We have a mandate from the people of India to rule for five years, and we will stay the course. And we will do things, when you look back, might well surprise the country."

"The Opposition is getting prematureless restless," Dr Singh said, "The Opposition would like to make the weak points of the government the focus of attention and hope to force an election. But that is not going to happen! The Opposition will have to wait for two-and-a-half years. We have a mandate from the people of India to rule for five years, and we will stay the course. And we will do things, when you look back, might well surprise the country."

In Asia, the metal tumbled about $124, followed by over $100 in the previous session.

Nikhil Lakshman reports from the United Nations General Assembly, which Prime Minister Manmohan Singh addressed on Saturday.

Economists and experts have suggested that the central bank should intervene in the Indian forex market to halt the sharp depreciation in rupee value.

The Nifty opened higher, tracking firm cues from Asia, but investors booked some profits before the RBI policy.

The total investor wealth, measured in terms of cumulative value of all listed shares, fell by about Rs 1,22,000 crore (Rs 1,220 billion) on Friday, when the market benchmark Sensex fell by 297.50 points to its lowest level in over 18 months.

Many governments, especially in the developed world, have resorted to massive stimulus measures to bolster their economies since the 2008 global financial meltdown.

Rafa Nadal fluffed his lines on the return from five-week break when the Spanish world number two was stunned 1-6, 7-6, 7-6 by unheralded Croatian Ivan Dodig in his opening match of the Montreal Masters on Wednesday.

Andy Murray's North American hard court seasons have had blazing starts the last two years winning back-to-back Canadian titles only to see his play cool off at the US Open.

Prime Minister's economic advisory panel has said there was no need for any stimulas package to help the industry tide over the impact of the crisis following downgrade of the US credit rating by Standard and Poor's.

Ratings agency Standard & Poor's on Monday cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which 'are still to come out of the economic meltdown of 2008'.

The world watched with great concern how the markets would react to the first downgrade of US' credit rating.

The stock markets tanked in morning trade on Friday and sent the benchmark Sensex down to its lowest level in 13 months.

Sinha said the market volatility is due to global developments.

There is need for trans-national political mobilization in favour of more equitable systems, says Rajni Bakshi.

Software exporter HCL Technologies (HCLT) on Wednesday said it will hire about 3,000 people in the July-September quarter.

Software exporter HCL Technologies (HCLT) on Wednesday said it will hire about 3,000 people in the July-September quarter.

An arm of the online collective Anonymous has said that it broke into the computer systems of Booz Allen Hamilton and then posted the details on Internet, The Daily Telegraph online reported.

Foreign pilots, who account for around 20 per cent of pilots employed by Indian air carriers, are expected to be phased out by 2013, according to a top aviation official on Monday.

What do you make of the sheer fecklessness of the political class, those men and women that are supposed to be the pillars of our representative democracy? Why are they all seemingly blinded by folly? asks T V R Shenoy.

The Miami Heat recovered from their Game Two meltdown in the NBA Finals by edging the Dallas Mavericks 88-86 on Sunday to take a 2-1 lead and regain the home-court advantage in the best-of-seven series.

During the quarter ended March 31, it added seven clients, the highest since the third quarter of 2007-08.

More than 44 million people were without a job in March in the OECD region - a grouping of countries which account for over 60 per cent of global output.

The Miami supporting cast helped the Heat survive one final run from the Philadelphia 76ers to hold on for a 97-91 victory on Wednesday that advanced them to the next round of the NBA's play-offs.

However, 10 per cent economic growth rate does not seem feasible, Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters here, a day before full Plan panel is to meet under the chairmanship of Prime Minister Manmohan Singh.

The recent meeting of G20 finance ministers in Washington agreed to set up a surveillance system to monitor the economic performance of countries with the greatest potential for "spillover effects" - the economic impact that extended beyond their boundaries.

Pakistani army will hand over security responsibilities in the insurgency-hit Balochistan province to paramilitary forces within two months after battalion deployed in the restive Sui town returns to the barracks, its chief Gen Ashfaq Parvez Kayani has said.

Japan's nuclear reactor crisis has forced the postponement of a world championship triathlon race in Yokohama next month because of radiation fears, the International Triathlon Union (ITU) said on Tuesday.

Latest data from the Paris-based OECD, a grouping of mostly developed nations, showed that jobless rate in the region slipped to 8.2 per cent in February - the fourth consecutive monthly decline.

The slow-moving disaster at the Fukushima nuclear plant in Japan that is spreading a cloud of anxiety across the world has forced most nations to either suspend or review their nuclear power programmes, but not India.

The government on Friday admitted that providing more and better jobs to the young still remained a challenge, even as the Indian economy was back on a high growth path after hit by the global financial crisis for two years.