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Goldman Sachs to cut about 10 per cent of workforce

Goldman Sachs Group New York  - Goldman Sachs Group Inc plans to slash its workforce by about 10 per cent - or about 3,300 jobs - as a consequence of the financial crisis, reported the Wall Street Journal in its Thursday edition.

Such a move would mean that the financial crisis has hit an institution that has weathered the troubles relatively well so far. As other banks have had to accept buyouts or go under, Goldman Sachs has continued to book profits.

Palestinian stabs to death elderly Israeli in Jerusalem

palestinianJerusalem  - A Palestinian stabbed to death an elderly Israeli passerby Thursday in the Jewish settlement of Gilo, south of Jerusalem, Israel Radio reported.

The Palestinian was stopped by two police officers and asked to identify himself, but he drew a knife and stabbed one of the officers.

The officer then shot the stabber, but he escaped and while running away fatally stabbed a second Israeli, a civilian in his 80s, whom he ran into, a witness who chased after the attacker and overpowered him said.

Daimler cuts earnings forecast in the face of recession fears

Berlin  - Giant German carmaker Daimler AG became the first of the country's key auto groups Thursday to report its third-quarter results, reducing its earnings forecast again in face of deepening

High-level Taiwan-China talks set for November

Taiwan, chinaTaipei- Taiwan said Thursday it has set November 3 as the date for it and China to begin a second round of high-level talks in Taipei, despite a recent attack on a Chinese envoy by pro-independence activists during his Taiwan visit.

"After a series of discussions between our two sides, the Straits Exchange Foundation (SEF) has strongly suggested that the meeting held on November 3" in Taipei, said Lai Shin-yuan, chairwoman of the Mainland Affairs Council (MAC).

Czech premier faces electoral test before EU presidency

Czech central bank keeps borrowing costs unchanged

Syria hails EU official's visit as sign of foreign policy success

SyriaDamascus - The Syrian government Thursday hailed a visit from the European Union's chief diplomat as a sign that its foreign policy is reaping successes.

"With the visit of (EU foreign policy chief Javier) Solana, Europe has truly and officially announced that it wants to open up to Syria," said Buthaina Shaaban, spokeswoman for Syrian President Bashar al-Assad, after the meeting between the two men.

Shaaban went on to say that the EU's position was "only natural, given the positive and stable role that Syria is playing in the region."

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