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Defiant Panasonic predicts rise in profit Panasonic, the world's biggest consumer electronics company, said yesterday that it would increase its operating profit this financial year, defying market expectations of a heavy loss and reviving hopes that spending may soon recover. Times OnlineGermany drags eurozone faster into slump Germany's economy contracted by a record 3.8% in the first three months of this year, even more than feared - dragging down overall eurozone growth and confirming it has been the worst hit among the big European countries Financial TimesExports plunge batters HK Exports in Hong Kong saw their biggest drop in more than half a century, however, its financial secretary expects the economy to improve in the second half of the year FTKauto Star hits Ladbrokes Profits at Ladbrokes, the UK's biggest bookmaker, tumbled by more than a third in the first four months of 2009 after it took a beating at the Cheltenham Festival in March and Premier League football ... Big News NetworkGerman hopes stir after record plunge Germany's economy contracted by a record 3.8% in the first three months of this year, even more than feared - dragging down overall eurozone growth and confirming it has been the worst hit among the big European countries by the global downturn FT`True cost` of cars to be displayed NEW-CAR buyers are bracing for the biggest showroom sticker shock since the introduction of the GST. CnetWhich `flation should we fear more? - LA Times: Business The threat of a deflationary spiral still looms, some economists say, even though Wall Street recently has focused more on the potential for a jump in inflation if the economy revives. When the global economy began its dive eight months ago, one of Wall Street's biggest fears was that a deflationary spiral would kick in -- falling prices for goods and services leading to falling wages, in a vicious circle that governments and their central banks would be unable to ... NewsRackNissan GT-R goodies on sale for upgrading the old models Wow, this is pretty big news. We all want our cars fixed properly if we become the victim of an accident. That's a given. It should also be a given... Autospies.comDrumBeat: May 16, 2009 - NewsTrust Yahoo Pipes Feed : The French energy giant thinks conventional oil production will top out in a decade at 95 million barrels. The long-term plan is to diversify into nukes and other sources. But for now, its eye is squarely on oil sands PARIS -- For Total SA, it's all about 95. The French oil giant builds its business with 95 in mind, as if the figure were tattooed on its executives' foreheads. The figure refers to Total's belief, not shared by the majority of Big Oil players, that global production will top out at 95 million barrels a day after 2020. That's only about 10 million more than current production. Many oil gurus refer to the top-output theory as "peak" oil. Total prefers to call it "plateau" oil, a subtle variation on the theme that suggests ... NewsRackRecord fall in GDP sees Germany take over as the ‘sick man of Europe’ The eurozone economy slumped by a record 2.5 per cent in the first three months of the year, dragged down by Germany, which recorded the biggest drop in its GDP in nearly 40 years. The German e... BBC1 2 3 4 5 |
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