Credit crisis diary: Italian ladies miss out on a treat from Trichet

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The Independent Online

Never accuse Jean-Claude Trichet of a lack of courtesy, particularly when it comes to the fairer sex. The European Central Bank governor apologised to some members of the Italian press corps yesterday, after revealing that he was not, as he had previously said, planning to hold the bank's next meeting in their home country. But why did M. Trichet only feel obliged to say sorry to "you Italian ladies" as he put it? Or did he just mean Italian women in general would be missing out now that he's staying in Frankfurt instead?

An awful lot of pocket money

Someone out there thinks selling stuff online is child's play. ToysRUs, the giant retailer, has shelled out £3.6m for the Toys.com domain name at an auction in the US. The last time the name was up for sale it fetched around £860,000, so ToysRUs is paying through the nose for the property. Still, it looks cheap compared to sex.com, which sold for $14m a few years ago.

Does this plan remind you of something?

Yesterday's launch of quantitative easing is the second time this policy has been tried on an economy, following Japan's attempt to use the tool. This is QE2, in other words. Any associations you care to make with the famous cruise ship – which after a long and very proud history became somewhat tired and down-at-heel before eventually being flogged off to the Middle East – are entirely up to you.

One way to save the environment

The Business Secretary, Lord Mandelson, is today launching the Government's vision of a low carbon industrial landscape at a summit in London. His first job may be to reject suggestions that the Government's slow implementation of its various initiatives to help the troubled manufacturing sector will lead to a no carbon landscape, as industry disappears altogether.

Heading in one direction only

Aviva had a tough day yesterday, as the insurer's shares fell sharply despite it maintaining its dividend. To add to its sense of injustice, many of the websites reporting the news also carried an ad from Aviva – it featured a bobsleigh plummeting downhill. Much like the insurer's share price, in fact.

businessdiary@independent.co.uk

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