Average gasoline pump price slipped to a six-month low in the United States, amid concerns of slowing economic growth in the country as well as abroad.

According to figures released by the Energy Department's Energy Information Administration, the national average price of regular gasoline shed 2.4 per cent, or 8.1 cents, to $3.356 a gallon on Monday from a week ago.

Banking giant HSBC yesterday set aside another £290 million to settle its share of the mis-selling payment protection insurance (PPI) scandal.

The additional expense inflated the bank’s total PPI provision to around £750 million, but Chief Executive Stuart Gulliver still said that he doubted that it would be the final provision.

In what marks the latest news on the Android 4.0 `Ice Cream Sandwich' upgrade front, Motorola has recently confirmed that its Droid Razr handset will be upgraded to the latest Android version in the second quarter of the year.

Oil slipped on the New York Mercantile Exchange on Monday as Greece's unresolved debt crisis and prevailing economic uncertainty in the region discouraged investors.

Outsourcing giant Serco Group Plc has announced its plans to overhaul its management structure, in a move that will lead to at least 500 redundancies.

Most of the jobs at risk are from the company's office at Hook, near Basingstoke.

Outsourcing group Serco is to chop 500 UK jobs as part of a shake-up in the way it provides back-office services to public and private sector organisations worldwide.

Serco, which offers back-office support for a wide range of public & private sector bodies, has plans to merge its business processing operations into one global arm

China's sovereign wealth fund on Monday revealed its intention to invest in European and US infrastructure, which badly requires more investment.

Lou Jiwei, the chairman of the China Investment Corp., which possesses around $410 billion in assets, said that the fund had plans to start investing money in the West’s infrastructure to improve neglected projects.

Jiwei said the Chinese fund would either partner with British fund managers or invest directly in the neglected projects.

In an attempt to ensure the smooth functioning of its industrial engine in the wake of its buoyant economy, Germany has come up with a surprising decision to combat its problem of shrinking labor force --- it is seeking skilled workers from problems-plagued Greece!

While unemployment levels have been showing a disquieting increase in Greece, as well as European slowcoaches like Spain and Portugal, prosperous Germany is in a desperate need of skilled workers to keep its industries running.

There seems to be no end to the woes of European nations, as another report by the Federal Labour Office revealed that Germany's unemployment rate has gone up by 10,000 to 7% as compared to 6.9 % in the month of September.

With the global economy facing slowdown with added fears of euro zone debt crisis, future seems quite uncertain not just for the countries but for other companies to enter for business avenues.