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(MENAFN - AFP) General Motors chief executive Mary Barra announced Tuesday the creation of a new team to enhance safety in the wake of an ignition-recall scandal that has engulfed the company.

Barra said the new product-integrity team aimed to ensure that future technical problems are addressed and resolved quickly. The automaker has come in for heavy criticism over its ...

 

(MENAFN - AFP) The US Treasury said Tuesday that China cannot be ruled a manipulator of its currency despite the yuan's sharp slide since January.

But the Treasury warned that the recent fall could "raise particularly serious concerns" if it represents a reversal in Beijing's commitment to a more free-floating yuan.

In a twice-yearly report to Congress, which would ...

 

(MENAFN - AFP) US computer chip giant Intel reported a modest dip in earnings in the first quarter on Tuesday, amid a stabilization of the key personal computer segment.

Profits in the January-March period dipped five percent to $1.9 billion, results which slightly beat Wall Street estimates.

Revenues meanwhile grew 1.5 percent from a year earlier to $12.8 billion, ...

 

(MENAFN - AFP) Medina Mercedez lugs her possessions into the abandoned office space she now calls home, joining the growing ranks of Italy's poor forced to live in squats amid social misery despite a tentative economic recovery.

Mercedez came to Italy from Ecuador 20 years ago but lost her job as a private nurse last year even as a painful two-year recession formally came ...

 

(MENAFN - AFP) Beach shorts over thermal underwear, wool hats instead of bikinis and not a grain of sand in sight: a new sport has emerged in the Alps and it's called snow volleyball.

Think of it as beach volleyball at 6,500 feet (2,000 metres), played on white powder with skiers whizzing by.

Casually, the sport has been around for years, but organisers of the Snow ...

 

(MENAFN - AFP) Germany's top-selling Bild daily launched a petition Tuesday to remove two Russian tanks from a World War II memorial in central Berlin in protest against escalating tensions in Ukraine.

The tabloid-style newspaper, which sells more than two million copies each day, called on its readers to sign and mail the letter to the Bundestag lower house of parliament.

"At ...

 

(MENAFN - AFP) A rare Stradivarius viola valued at $45 million (32.6 million euros) could become the most expensive musical instrument ever sold when it is auctioned later this year.

Auction house Sotheby's has invited sealed bids to be received by June 26 for the nearly 300 year-old instrument made by the Italian master craftsman Antonio Stradivari in 1719.

Musical ...

 

(MENAFN - AFP) Big-hearted Chilean Victor Hernandez, a volunteer fireman battling blazes that have charred much of Valparaiso, lost his own home when out trying to protect those of others.

"I would do it over again -- a million times. Being a volunteer is a real calling," the 22-year-old paint factory worker told AFP.

Like the rest of his colleagues at Valparaiso's ...

 

(MENAFN - AFP) London's Tate Modern will on Thursday open a blockbuster exhibition celebrating the cut-out works of French artist Henri Matisse, which made even Picasso jealous.

Tate director Nicholas Serota boasts that the much-anticipated show, which brings together more than 100 works from around the world, "will be the most evocative and beautiful show that London ...

 

(MENAFN - AFP) Brazil's economy is forecast to expand by three percent next year, picking up briskly after years of stagnant growth, a top government economist said on Tuesday.

Miriam Belchior, Brazil's minister of planning, said in a report presented to the national legislature that inflation for Latin America's biggest economy was expected to be five percent next year.

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