Israel says Gaza truce proposal unrealistic

GAZA (Reuters) - Hamas rockets hit the major Israeli city of Beersheba on Wednesday and Israel described as unrealistic a French proposal for a 48-hour truce that would allow more humanitarian aid into the Gaza Strip.

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More economic pain seen in 2009

SINGAPORE (Reuters) - Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global economy out of its fierce tailspin later in the new year.

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Japan insurers seek merger as crisis takes toll

SINGAPORE (Reuters) - Crumbling home and auto sales pushed three Japanese insurers into merger talks and Koreans plan to cut spending on children’s education, signs the global economic slump is reshaping business and lifestyles around the world.

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Israel mounts third day of Gaza raids, 307 killed

GAZA (Reuters) - Israeli warplanes pounded the Hamas-ruled Gaza Strip for a third consecutive day on Monday and the Jewish state prepared to launch a possible invasion after killing 307 Palestinians in the air raids.

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