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Government scraps $9 billion West Coast rail deal
LONDON - Britain scrapped on Wednesday a $9 billion (5.5 billion pounds) deal that had awarded the West Coast rail line to FirstGroup Plc, citing flaws in the government's figures, just a day after the company had said it was prepared to take over the key mainline train service this year.Dollar strengthens after gloomy China, Australia data
TOKYO - The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.
One step forward, two back for Greece
BRUSSELS - Every step Greece takes to shore up its finances seems to make it harder for Athens to make the numbers add up in the long-term, especially when it comes to its spiralling debt. Full Article
Our revolution has been stolen: Libya's jihadists
DERNA, Libya - The death of the U.S. ambassador last month in the sack of Washington's consulate in Benghazi - an assault Washington says may have involved al Qaeda-allied militants - has shone a global spotlight on armed Islamists across eastern Libya. Full Article
Budget cuts continue to hit global arms makers
WASHINGTON - Tighter military budgets in the United States and Europe reduced the revenues of top weapons makers by one percent in the first half of the year and are likely to continue to depress sales in the full year, a new study by Deloitte LLC shows. Full Article
Georgian president concedes poll defeat
TBILISI - Georgia's President Mikheil Saakashvili concedes defeat in parliamentary elections to a coalition led by a tycoon who has promised to ease tensions with Moscow, four years after the staunch U.S. ally lost a war with Russia. Full Article
Turkey exhumes ex-president for investigation
ISTANBUL - The remains of former President Turgut Ozal, who led Turkey out of military rule in the 1980s and drove economic reform, are exhumed on the orders of prosecutors investigating suspicions of foul play in his death 19 years ago. Full Article
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