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Nissan to slash 20,000 jobs
Japanese auto maker Nissan has also become victims of economic slum and due to low sales decided to cut 20,000 jobs worldwide which is 8.5% of its workforce over the next one year. The Nissan also announced an...
Shanghai infrastructure placed in the fast lane
I am in Shanghai these days. Seeing all the construction around, I am quite wary of the way the city is shaping up, demolishing old neighbourhoods and going highrise. This bit of news about the city's investment...
created by rumana husain | 51 wks ago | updated 51 wks ago
237 views | 15 recommendations | 3 comments
237 views | 15 recommendations | 3 comments
Financial crisis: FTSE drops to five-year low
The pound is continuing to plummet against the dollar as fears continue about a global recession. The FTSE has also dipped to a five-year low."The pound lost more than six cents against the dollar as renewed fears... Crisis Stricken Germans Turn to Marx..
As the economy founders, sales ofDas Kapital soarThe financial crisis has made interventionists out of the most laissez-faire politicians, but in Germany the affection for state control seems...UK inflation reaches 5.2% in September
Rampant inflation in the UK reached an astounding 5.2 percent in September, figures released today reveal. That's the highest level since the currency crisis of 1992."The Consumer Price Index, the inflation measure most closely watched by policy makers, rose more than...Bank turmoil fuels phishing boom
" Hi-tech fraudsters are taking advantage of the global financial turmoil, say governments and security experts. The US Federal Trade Commission (FTC) issued a warning saying phishing gangs were using...G.O.P. Facing Tougher Battle for Congress
"WASHINGTON — The economic upheaval is threatening to topple Republican Congressional candidates, putting more Senate and House seats within Democratic reach less than a month before the elections, lawmakers and... Harper gets Hammered From All Sides During French Language Election Debate
Harper took hits from all four opposition member leaders but kept his trademark smirk during much of the Canadian french-language election debate. Stephan Dion, Gilles Duceppe, Jack Layton and Elizabeth May all... FAIL: TPG loses 1.35 billion in WaMu investment
Think you've lost some money? Not even close. Private equity firm, TPG, lost $1.35 BILLION because they invested in Washington Mutual six months ago. If you've missed the news recently, WaMu just crashed, burned,...
created by Jason Sanders | 1 year ago | updated 1 year ago
208 views | 0 recommendations | 0 comments
208 views | 0 recommendations | 0 comments
Wall Street turmoil gives Dems opening
CNN poll 5-7 SeptThe Wall street crisis tumbling Americas Icons Lehman Bros, AIG ...Americans lost the confidence in Sen. John McCain steering the economy. The poll, conducted September 5-7, found that more than...Change We Can, Change We Shall says Maldives politician
"MUSING ON INDEPENDENCE Today is our 43rd Independence Day. I am sitting at home, enjoying a rare day with my family. Just now, the children are playing with their cousins as my little nephew is celebrating his...CLEAN ENERGY $148 bn, 60% up 2007 by UNEP/Steiner
" With end of cheap oil, renewables and energy efficiency attracts fast-growing interest;New investment surpasses $148 billion in 2007, a 60% rise from 2006, Growth continues in 2008, UNEP study says Climate...England cut Zimbabwe cricket ties
The collapse of Zimbabwe's elections has led to the England and Wales Cricet Board cancelling their 2009 tour. Additionally, the board is calling on other cricketing nations to do the same. "Culture Secretary Andy Burnham handed a letter to the ECB clarifying Prime Minister...RBS chooses gold to beat inflation in new expatriate fund « Peter J. Cooper...
"The role of gold in this new account is bound to raise eyebrows and comes as the bank is warning customers to expect turmoil in equity and credit markets over the next three months, an unusal statement for the second largest UK bank. "Yahoo Execs Jumping Ship
"Yahoo's executive exodus continues Three more high-ranking officials are leaving Yahoo, as the executive exodus continues at the embattled company. Juan Carlos Perez Yahoo continues to lose high-ranking officials, as more business and technology leaders give up and bail out...
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