Prosecutors have asked for "the maximum punishment allowed by law" of 150 years in prison for Bernard Madoff, who is accused of losing his clients' money through a fraudulent investment scheme worth an estimated $61 billion.
After six years sharing power, President Cristina Kirchner (pictured) and her husband, former President Nestor Kirchner, risk losing both parliamentary majorities in a Sunday vote amid rising discontent with Argentina's stagnant economy.
After hours of bitter debate, the US House of Representatives narrowly passed critical legislation on carbon emissions linked to climate change. US President Barack Obama hailed the passage as a “bold and necessary step”.
US President Barack Obama said the police crackdown on election-related protests in Iran has hurt the chances of opening a new era of dialogue. Obama was speaking after talks with German Chancellor Angela Merkel at the White House.
US President Barack Obama and German Chancellor Angela Merkel discussed unrest in Iran, the economic crisis, climate change and the possibility of relocating Guantanamo inmates to Germany at the White House on Friday.
Ford, the number two US carmaker, says it wants to cut the number of its parts suppliers by close to half by the end of the year. Ford is the only major car manufacturer to have avoided bankruptcy in the current crisis.