Rick Wagoner – the chief executive of struggling US car giant, General Motors has been ordered to step down by US President Barack Obama. The auto task force appointed by Mr Obama released two reports on Monday on the financial...

Stock markets have again fallen worldwide, fired by concerns that turmoil in the financial sector is far from over. On Wall Street, the US Dow Jones index fell to 6,700  points for the first time since 1997. In the UK,...