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US auto giant General Motors said on Thursday it would largely withdraw its Chevrolet brand from the European market by 2016, citing the "difficult economic situation" on the continent. GM instead plans to concentrate on marketing its German-made Opel vehicles and its British sister brand Vauxhall, and in coming years push its luxury Cadillac models in Europe. The decision will weigh on its accounts and lead to net special charges of $700 million to $1.0 billion (735,000 euros), between the fourth quarter of 2013 and the first half of next year, GM said in a statement. "The company’s Chevrolet brand will no longer have a mainstream presence in Western and Eastern Europe, largely due to a challenging business model and the difficult economic situation in Europe," GM said in a statement.
SANAA, Yemen (AP) — A suicide bomber detonated his explosives-laden car Thursday at Yemen's Defense Ministry, killing 15 soldiers and wounding at least 40 in an attack underlining the persistent threat to the stability and security of the impoverished Arab nation, military and hospital officials said.
By Stanley White TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact. The package has raised concerns that Japan's government has not broken away from the stop-gap measures and piecemeal policymaking that some say has hampered long-term growth. "Market participants want the government to focus even more energy on economic policy," said Hiroshi Miyazaki, senior economist at Mitsubishi UFJ Morgan Stanley Securities. "Some of these items, like reconstruction from the earthquake, were already scheduled and don't really constitute an economic strategy." The measures approved on Thursday will add 1 percentage point to gross domestic product and create around 250,000 jobs, according to the Cabinet Office.