PRESIDENT-elect Barack Obama proposed tax cuts and a rapid dash to green energy as part of a massive stimulus package that he said was essential to avert economic disaster.
CONGRESSIONAL leaders said they have reached agreement with Citigroup on legislation to provide relief to cash-strapped homeowners at risk of losing their homes.
JAPANESE car giant Nissan said it would cut 1200 jobs in Britain due to a sales slump caused by the global economic slowdown, in the latest economic blow for the country.
