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Credit crunch sees Ireland’s banking UDI

Wexford :: Ireland | about 1 month ago | Business News

Posted by JoeRyan

Ireland’s parliament has passed all stages of a bill to guarantee the loans of all Irish Banks as the international credit crunch bites. Ireland’s lower and upper houses (Dail & Seánad) sat through the night for the first time in...

50 news stories / 6 blog posts / 4 images / 28 videos / 3 voices

Brown defends higher borrowing

London :: United Kingdom | about 1 month ago | Business News

Posted by xtraspark

In a speech in London, Mr Brown said fiscal policy would be used to kick-start the economy so as to "help people through difficult times". However, in a change to his planned text, Mr Brown declined to say explicitly that...

50 news stories / 4 blog posts / 5 images / 16 videos / 1 voice

World markets tumble on renewed economic fears

London :: United Kingdom | 25 days ago | Business News

Posted by kalex

European stock markets traded sharply lower Thursday following overnight losses in Asia, as investors fretted about the global economy ahead of expected interest rate reductions later from the European Central Bank and the Bank of England. The FTSE 100 index...

50 news stories / 6 blog posts / 5 images / 16 videos / 5 voices

China, India feel crisis; Brown seeks Gulf help

London :: United Kingdom | 29 days ago | Business News

Posted by kalex

Two Asian powerhouse economies felt the sting of the global financial crisis on Saturday as India cut its main short-term lending rate and China said it was bracing for a slowdown. British Prime Minister Gordon Brown traveled to the Gulf...

50 news stories / 0 blog posts / 1 image / 2 videos / 0 voices

World shares head for worst month ever

London :: United Kingdom | about 1 month ago | Business News

Posted by kalex

LONDON (Reuters) – Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global economic outlook. The Bank of...

50 news stories / 6 blog posts / 8 images / 10 videos / 0 voices

Business hot news:Now,recession grips Sweden:The latest casualty of ...

Eskilstuna :: Sweden | 2 days ago | Business News

Posted by aarana

In Sweden, the fourth quarter got off to a weak start as well, with separate figures showing October retail sales dropping 0.6% in the month, a decline that was expected by economists. Gross domestic product shrank 0.1% in both the...

7 news stories / 3 blog posts / 0 images / 2 videos / 0 voices

The Economist: Capitalism at Bay during the Financial Crisis

London :: United Kingdom | about 1 month ago | Business News

Posted by MarcusCato

When Scottish businessman James Wilson founded The Economist 165 years ago, it was on the premise that the solution to the problems of “uncertainty and insecurity” that beset capitalism was economic liberty. In its editorial dated October 16, the mouthpiece...

3 news stories / 6 blog posts / 17 images / 3 videos / 15 voices

Ebay to ban sales of ivory products in January

London :: United Kingdom | about 1 month ago | Business News

Posted by news24hours

SAN JOSE, Calif. (AP) — EBay is banning the sale of ivory products to help protect African and Asian elephants. The policy will go into effect in December and will be enforced starting in January, eBay Inc. said Monday. "We...

11 news stories / 5 blog posts / 11 images / 4 videos / 1 voice

Oil Demand May Decline Next Year [ univeral news]

London :: United Kingdom | 24 days ago | Business News

Posted by aarana

The global economic slowdown and the lingering effects of high prices are likely to crimp consumption, while the credit crunch may curb production for the first time since 1983 as the world economic slowdown and the lingering effects of high...

15 news stories / 0 blog posts / 0 images / 0 videos / 0 voices

Financial crisis to cost 20 mn jobs: UN

London :: United Kingdom | about 1 month ago | Business News

Posted by kalex

Twenty million jobs will disappear by the end of next year as a result of the impact of the financial crisis on the global economy, a United Nations agency said on Monday. Construction, real estate, financial services, and the auto...

4 news stories / 5 blog posts / 5 images / 3 videos / 0 voices