Business News
Weak service sector puts recovery in doubt
Banks are still reluctant to lend to service sector
Inside Business News
Dubai exchange nosedives
Monday, 30 November 2009
The fall is despite UAE's central bank's promises of support over the city state's huge debt crisis.
Ryanair boss still eyes Aer Lingus takeover as legacy
Monday, 30 November 2009
Michael O'Leary, the outspoken chief executive of budget airline Ryanair, has said he expects to stand down within the next "two or three years", but only when his company has succeeded in taking control of Aer Lingus.
Central bank moves to ease Dubai crisis
Monday, 30 November 2009
UAE offers liquidity scheme to banks faced with Dubai World's debt request
Lloyds to axe 410 jobs
Monday, 30 November 2009
410 jobs will be axed from a customer contact centre in Brighton, just weeks after other job losses were announced by Lloyds in the same area.
Holidaymakers shrugging off the recession
Monday, 30 November 2009
Travel giant Thomas Cook today said holidaymakers were determined to take their summer break despite the recession as the firm posted better than expected results.
Economic power shift from West to East is poised to gather pace
Monday, 30 November 2009
The next few years will see a dramatic acceleration in the shift of global economic power eastwards, according to the latest predictions from The Conference Board, an international network of leading business figures.
Thames Water warns of funding gap
Monday, 30 November 2009
The UK's biggest water company today warned of a potential funding gap as the recession poses "significant challenges" for the business.
Business Diary: A message from our sponsors in Dubai
Monday, 30 November 2009
If you want the truth, head for local sources. So it is that we turn to the state-owned Gulf News in the UAE, for an update on Dubai. Top headline? "Dubai World intervention carefully timed". Everything's going to be fine then.
GM to cut 350 jobs at Vauxhall's Luton plant
Monday, 30 November 2009
Vauxhall’s Luton plant is to cut 354 staff under the massive restructuring of parent GM’s European operations, the company said today.
KPMG lined up in $30bn Dubai rescue mission
Sunday, 29 November 2009
Big name banks have lined up KPMG, the big four accountant, to salvage more than $30bn (£18bn) that they lent to Dubai World, the emirate's failing flagship global investor.
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