POOLE, England, December 1 /PRNewswire/ -- Finally the music industry can sit back and stop moaning about file sharing. The days of downloading music are coming to an end. Not because of Lord Mandelson's digital economy bill but thanks to excellent streaming services.

British Business Secretary Peter Mandelson said the government would re-examine spending across the board, advocating constraint, not cuts.

China pressed for early recognition of its market economy status from the European Union, saying it will help bilateral relations and free trade. Speaking to visiting British Business Secretary Peter Mandelson, who is leading a trade delegation, Chinese Premier Wen Jiabao said since New Zealand's recognition in 2004, more than 70 other countries have accorded MES to China. The EU should recognize China's market economy status as early as possible, Wen said, China's state-run Xinhua news agency reported.

British Business Secretary Peter Mandelson is willing to sink public funds into General Motors to ensure the survival of its Vauxhall subsidiary, sources say. Without naming its sources, The Times of London reported Wednesday Mandelson would look favorably on committing British taxpayer funds to GM if it appeared Vauxhall would be best off if the reconstituted U.S.

A postal workers union in Britain plans to strike for three days to protest job cuts and partial privatization of the Royal Mail. The union will stage the strike despite Business Secretary Peter Mandelson's announcement the government would hold off on selling 30 percent of the postal service, The Times