• Is China headed toward collapse? The conventional wisdom in Washington and in most of the rest of the world is that the roaring Chinese economy is going to pull the global economy out of recession and back into growth. It’s...
• China's record debt has economists worried The nation is taking on record levels of debt to keep its economy humming. Some say that can't last. In a world still awash in economic worry, China has stood apart as the one country that has come...
• Danger Zone: British youth unemployment hits record high Britain's youth unemployment rate reached a record high of almost 20pc as the jobless total continued to increase, although at a slower pace. Read more
• The Job Loss Recovery Continues: Lloyds Says It Will Cut 5,000 Jobs to Reduce Costs Lloyds Banking Group Plc, Britain’s biggest mortgage lender, said it plans to cut about 5,000 jobs in its administration, insurance and mortgage units. Read more
• Fears over jobs intensifies in Germany: poll A poll published on Friday shows that the number of people who fear for their jobs has risen in Germany. Another survey on reunification finds while most think it was a positive development, some...
• German corporate bankruptcies up 12 pct in August The number of German companies filing for bankruptcy protection was up 12.3 percent on the year in August, even as the economy slowly emerged from recession, official data showed Friday. Read more
• All Day I Dream About Sales: Adidas profit falls 30% after discounting merchandise Adidas profit falls 30% after discounting merchandiseGerman sportswear producer Adidas AG reported Wednesday a 30% drop in net profit after discounting merchandise and encountering higher costs, but...
• Nissan net profit plunges by 92.9% (Press TV) -- Japan's third-largest motor company, Nissan, has posted a 92.9 percent fall in profits due to week sales in the six months ending in September. Nissan Motors, owned 44 percent by...
• Russia Now: The financial crisis has had a profound impact on the Russian lifestyle The financial crisis has had a profound impact on the Russian lifestyle. Previously known as a high-spending hedonist, the average Russian consumer has slashed his spending on luxuries, even on basic...
• 5,000 jobs to go at Shell as profits plunge 73 per cent Royal Dutch Shell plans to cut 5,000 jobs as part of cost-cutting to mitigate the impact of the falling oil price. Shell announced the proposal yesterday alongside third-quarter results showing that...
• Economy, Unemployment Main Worries in UK People in Britain have two key concerns, according to a poll by Angus Reid Strategies. 28 per cent of respondents think the economy is the most important issue facing the United Kingdom right...
• Britain fails to exit recession Britain's economy contracted unexpectedly in the third quarter of this year, squashing hopes of an end to the downturn and instead making the current recession the longest on record, official data...
• Deutsche Bahn could slash 13,000 jobs Deutsche Bahn, Germany's state-owned railway, may cut up to 13,000 jobs because the global economic crisis has triggered a plunge in freight traffic volumes.
The figure is much larger than the 4,000...
• Rising Debt a Threat to Japanese Economy How much debt can an industrialized country carry before the nation’s economy and its currency bow, then break?The question looms large in the United States, as a surging budget deficit pushes...
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