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'Set to offer Clinton job'- Obama
US President-elect Barack Obama is "on track" to nominate Hillary Clinton as secretary of state within a week, according to US media reports
EU and US vehicle industry woes deepen
Paris and Berlin - A fresh round of job cuts at Peugeot Citroën underscored the vehicle sector's woes yesterday as France's President Nicolas Sarkozy vowed to help the struggling industry.
A €2 billion (R26 billion) rescue package for the industry is planned by the European Investment Bank,
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US economic, military and political dominance is likely to decline over the next two decades, according to a new US intelligence report on global trends.
The National Intelligence Council (NIC) predicts China, India and Russia will increasingly challenge US influence.
It also says the dollar may no longer be the world's major currency, and food and water shortages will fuel conflict.
However, the report concedes that these outcomes are not inevitable and will depend on the actions of world leaders.
It will make sombre reading for President-elect Barack Obama, the BBC's Jonathan Beale in Washington says, as it paints a bleak picture of the future of US influence and power.
The US will remain the single most important actor but will be less dominant
Global Trends 2
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