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Travel And Business

Heavy losses sweep world markets

The UK's main share index has closed down sharply as concern over the impact of turmoil in the US sub-prime lending market continues to haunt investors.

While US shares were mixed after suffering heavy falls throughout the day in New York, London's FTSE 100 ended down 4.1% or 250 points at 5,859

Last Updated ( Thursday, 16 August 2007 16:41 )

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US markets join global recovery

Global stock markets have recovered some ground from last week's sharp falls, after central banks moved to ease fears of a world credit crisis.

US markets opened up on Monday, echoing European gains, as the Federal Reserve said it had put an extra $2bn (£994m; 1.5bn euros) into the banking system.

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Toy story with a cautionary moral for manufacturers

Having finished an 11-hour overnight stint they are replaced by the day shift, who carry on producing the goods, be it Barbie dolls, or Elmo and Big Bird from Sesame Street.

A six-day week will see them earn 1,000 yuan a month (about £65). It is the frontline of what the government here describes as "Communism with Chinese characteristics" and the rest of us understand as globalisation, a booming operation that sees toys moulded, assembled and packaged for sale overseas, at minimum cost delivering maximum profit, 24 hours a day, seven days a week.

Last Updated ( Tuesday, 07 August 2007 18:11 )

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How the Apple may learn to love Rupert

There are certain public figures in New York about whom the majority of locals feel it is mandatory to express disdain. Presidential candidate Rudy Giuliani, for example, is held in contempt for his actions when mayor, despite his perceived heroism in the aftermath of 9/11. Donald Trump is ridiculed for his haircut, trophy wife and taste.
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Chrysler is under new ownership

DETROIT -- Chrysler now is the first major North American automaker to be privately owned in more than half a century.On Friday, private-equity firm Cerberus Capital Management finalized its deal with DaimlerChrysler to acquire 80.1 percent of the Auburn Hills, Mich., automaker.
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