August 2, 2009 Sunday
Updated


WASHINGTON - FORMER Federal Reserve chairman Alan Greenspan says the economic downturn is not quite over but that the end is nearing.

 
UBS could escape fine

ZURICH - SWISS bank UBS could escape a hefty fine from US authorities over allegations that Americans opened offshore bank accounts with the lender to evade taxes, a Swiss newspaper said on Sunday.

Steinmeier promises jobs

BERLIN - THE beleaguered challenger to German Chancellor Angela Merkel has pledged to eliminate unemployment by 2020 in a bid to salvage his floundering campaign, a report said on Sunday.

Lufthansa-AUA deal terrible

VIENNA - BUDGET airline owner Niki Lauda portrayed Lufthansa's takeover of Austrian Airlines as a catastrophe for Austria, after it made large concessions to secure the deal, in an interview published Sunday.

   
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