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| | | | DAVOS, Switzerland —France wants to use its presidency of theGroup of20 next year to create a new international monetary system,President NicolasSarkozy said on Wednesday, adding that he believed thedollar should no longer be the primary reserve currency in theglobal economy.In an expansive and lofty speech to the business and politicalleaders gathered here at the annual WorldEconomic Forum, Mr. Sarkozy also called for a “revolution” ininternational... |  | |
| | The American International Group has agreed to cutemployee bonuses by $20 million and will distribute about $100 million onWednesday, according to people with knowledge of the negotiations.But the reductions may not be enough to appease the company’scritics, who do not accept the company’s argument that it has to honorcontracts established before its government bailout.“A.I.G. has taxpayers over a barrel,” said Senator CharlesE. Grassley, an Iowa Republican, in a ... |  | |
| | The drivers have complained that the brakes on their Priuses havemomentarily stopped working when driving at low speeds, especially on slipperysurfaces, said Kenji Sato, a transport ministry official in charge of recallpolicy.In one incident in July 2009 in Japan, a Prius collided with anothervehicle at an intersection, hurting two people. Ten of the 14 complaints inJapan about the new Prius, which went on sale here last May, came in January.Dealersin North America and Japan have received ... | | |
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