Cheap Oil's `Gift,' Steve Jobs Movie Disappoints: Sunday Wrap

  • Bernanke not envying job of current Fed weighing rate decision
  • Merkel calls for exceptional action to deal with refugees

Here are highlights of top breaking-news stories from around the world on Sunday:

The head of Abu Dhabi’s economic development called $50 oil a “gift to the world,” while saying he expects some bounce-back next year.

Former Federal Reserve Chairman Ben Bernanke said weighing the effect of the slowing global economy will be key to the U.S. central bank’s decision on when to raise interest rates.

“Steve Jobs” is looking like a bust, drawing only about one-third of the opening weekend box office sales analysts expected. It was a pretty dreadful weekend all around for movie studios.

Negotiators for General Motors Co. and the United Auto Workers union went late into the evening against a 11:59 p.m. strike deadline. It wasn’t clear what could happen if no agreement is reached -- anything from continuing to talk to a full walkout to a strike at a selected parts or engine plant.

Poland’s opposition won a parliamentary majority, becoming the first group to command that since the nation’s return to democracy. Law & Justice advocates more state involvement in the economy and a tougher stand against refugees coming to Europe.

German Chancellor Angela Merkel demanded governments take exceptional steps to deal with tens of thousands of refugees flowing through central and eastern Europe as leaders warned the region was buckling under the strain.

Damage from Patricia, the strongest hurricane ever measured in the Western Hemisphere, may cost the U.S. billions -- though that has more to do with related flooding in Texas than damage in Mexico from the storm itself.

The Sunday news shows brought more sniping between Ben Carson and Donald Trump, now duking it out for the lead among Republican presidential contenders in the first U.S. primary state.

India is putting pressure on state-owned companies to either invest more in infrastructure or pay higher dividends -- to the government -- to sustain the infrastructure spending spree underpinning the country’s economic growth.

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