Business - Economy latest news
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'Risk of recession rising rapidly' as service sector slips into contractionBRITAIN'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 difficultyROBERT 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 hitBRITISH 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 KnockoffsA 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 EndsA 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 EconomySome 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 inflationIndian 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 WorldWith 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 IndustryThis 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 1 2
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