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Business - Economy latest news

Business - Economy latest news


'Risk of recession rising rapidly' as service sector slips into contraction
BRITAIN'S economy is hurtling towards "recession territory", experts warned last night, as data showed the dominant service sector shrinking at its quickest rate
Scotsman Friday, July 04, 2008

Wiseman confident of recovery from a year of difficulty
ROBERT Wiseman Dairies' chairman has admitted that 2008 has been one of the hardest years in the firm's history, but the company relieved the City yesterday, saying it
Scotsman Friday, July 04, 2008

Fresh BPI profits warning as costs hit
BRITISH Polythene Industries issued another profits warning yesterday after a sudden rise in raw material prices squeezed margins.
Scotsman Friday, July 04, 2008

Luxury Retailers Want eBay To Police For Knockoffs
A French court ruled this week that eBay must pay Louis Vuitton more than $60 million in damages for allowing fake goods to be sold through its site. Co-host Ari Shapiro talks with Chris Sprigman, a professor of intellectual property law at the University of Virginia, about the implications of the ruling.
NPR Friday, July 04, 2008

Saudis Refuse To Boost Output As Oil Summit Ends
A meeting of oil producers and consumers has ended in Madrid, with little hope of any reduction in the price of fuel.
NPR Friday, July 04, 2008

What 'Bear Markets' Mean For The Economy
Some economists are saying that the economy has slumped into a "bear market," but what does that term really mean? Co-host Ari Shapiro talks with David Wessel, economics editor of the wall street Journal, who says that the way experts talk about the economy can have a significant impact on it.
NPR Friday, July 04, 2008

Recession in Asia is 'unlikely'
Growth in Asia may slow this year, but a recession is unlikely, the head of the Asian Development Bank says.
BBC Friday, July 04, 2008

Fresh record for Indian inflation
Indian inflation reaches its latest record high as food, fuel, cement and steel prices continue to rise.
BBC Friday, July 04, 2008

RV Living In a $4-Dollar-A-Gallon World
With gas prices at record highs, people like Pat and Cindy Bonish, who live in their RV full-time, have had to make some adjustments. They've adopted all kinds of creative ways to save money, like putting solar panels on the roof.
NPR Friday, July 04, 2008

Rebate Checks Also Stimulating the Porn Industry
This year's tax-rebate checks sent out to boost your bank account are also boosting the porn industry. A company that tracks the online adult entertainment market says many sites report a 20 percent to 30 percent increase in membership since May. About a third of these members said the stimulus checks were a factor in their decision to join or renew.
NPR Friday, July 04, 2008

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