Category Archives: BBC

Malta could be next Cyprus; Stockton is most populous bankrupt US city; Britain, the world and end of free lunch?

1 Malta could be next Cyprus (Guy Verhoftstadt in Khaleej Times) Now that the crisis in Cyprus has been temporarily resolved, the unspoken question is: Who’s next? Perhaps Malta, which has an even bigger banking sector than Cyprus relative to … Continue reading

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France to break deficit pledge; The health of nations

1 France to break deficit pledge (BBC) President Francois Hollande has admitted France will miss its target on lowering the budget deficit this year. France’s deficit will “without a doubt” be 3.7% of its output this year, he said, above … Continue reading

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France fears triple-dip recession; Italy on the brink; Motorola Mobility cutting 1,200 jobs

1 France fears triple-dip recession (Phillip Inman in The Guardian) France appears to be heading for a triple dip recession amid concerns that political deadlock in Italy could drag the eurozone back into crisis. French industrial production dropped by 1.2% … Continue reading

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Thomas Cook axes 2,500 jobs; When reading declines; City with the world’s worst air quality

1 Thomas Cook axes 2,500 jobs (Rupert Neate in The Guardian) Thomas Cook, the world’s oldest travel firm, is cutting 2,500 British jobs and closing 195 of its high street travel agencies. Peter Fankhauser, Thomas Cook’s Europe and UK chief … Continue reading

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Italy vote rattles Europe; In India, missing school to work in mines; Will new technology mean end of cash?

1 Italy vote rattles Europe (Alessandra Galloni & Giada Zampano in The Wall Street Journal) In a national election meant to push Italy further down a path of economic reform, voters delivered political gridlock that could once again rattle Europe’s … Continue reading

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Financial markets as stimulus junkies; Eurozone recession ‘to persist’; Pound seen vulnerable after AAA fall

1 Financial markets as stimulus junkies (Larry Elliott in The Guardian) Financial markets have become stimulus junkies. They crave their next fix of quantitative easing and when they don’t get it they turn ugly. The rush they get from the … Continue reading

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India growth forecast down to 5%; Wilting of the jasmines; Facebook fatigue; Poison ivory

1 India growth forecast down to 5% (BBC) India has lowered its growth forecast for the second time in two weeks, underlining the challenges it faces in reviving its sluggish economy. The statistical office has forecast growth of 5% for … Continue reading

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Posted in BBC | Tagged | 2 Comments