Toyota is poised to slash production by as much as 580,000 vehicles — or almost 6 percent of global capacity — in an effort to stem losses amid the sharp downturn in car sales. Japan’s largest carmaker, which is forecasting its second consecutive net loss this year, said it would shut a production line in western Japan from next spring through to the second half of 2011, reducing output by 220,000 vehicles.
The body overseeing elections in Iran reminded opposition candidates in the disputed presidential election that they have until Sunday to lodge any more complaints about the vote, state-run media reported. The Guardian Council “has called on all political and religious figures to voice their queries and present any documents on alleged irregularities,” according to comments Saturday from council spokesman Abbasali Kadkhodaie, who was quoted by state-run Press TV
Details emerged Wednesday from the first government-to-government talks between the two Koreas in more than a year. Tuesday’s talks ended quickly — after 22 minutes — South Korea’s Unification Ministry said
The Bangladeshi army resumed its search Friday for missing military officials inside an expansive paramilitary forces compound that had been the site of a deadly two-day standoff. More than 130 officers were unaccounted for, said Cmdr. Abdul Kalam Azad with the Rapid Action Battalion (RAB), an elite internal security team
Switzerland’s biggest bank UBS on Tuesday posted a worse than expected loss of nearly $17 million — the largest ever by a Swiss group — and announced 1,600 new job cuts.