Job losses hurt US small town
In a series of special reports, Al Jazeera is looking at towns around the world that are feeling the impact of the global economic downturn. In the US, Al Jazeera’s Cath Turner traveled to the town of Danville, Virginia, where the unemployment rate is more than twice the national average.
Sony workers take boss hostage
Workers at the French arm of Sony prevented their chief executive from leaving the plant in the south west of the country, essentially locking him in overnight.
They then released him and other executives after apparently securing better redundancy terms.
Nazanine Moshiri reports
US tells China its bond investments are safe
The White House has reassured China that its hundreds of billions of dollars in US bond investments are safe, despite the global economic crisis.
Wen Jiabao, the Chinese prime minister, has called on Washington to ease worries about the security of those assets.
Al Jazeera’s Sebastian Walker reports.
US bankers’ face scrutiny over perks
Barack Obama, the US president, has said he fears there are more hard times ahead for the economy as the recession deepens.
But executives from big banks still get perks even after they received bailout funds.
Al Jazeera’s John Terrett reports from New York.
