In Turkey the army's four most senior generals resigned in protest at the government's refusal to promote officers previously accused of plotting a coup. New commanders were quickly appointed in a move that appeared to further reduce the army's once powerful role in Turkish politics.

Stricter efficiency standards for American cars were outlined in new legislation. An average car will be required to get 54.5 miles to the gallon (65.4 miles per imperial gallon) -- but not until 2025!

Hungary's ruling right wing Fidesz party proposed legislation to enable it to charge three former socialist prime ministers with mismanaging public funds -- a move seen as further evidence of Fidesz's authoritarian instincts.

HSBC Bank announced the loss of 25'000 jobs worldwide, paticulkarly in Europe and the US, but also predicted the creation of 10'000 new jobs in emerging economies.


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