ECONOMIC HEADLINES 8.8.08 -
Financial Times
UK house prices tumble 11%
New figures show that all price gains since June 2006 have now been wiped out in a stark display of the speed at which Britain’s housing market is deteriorating
French trade deficit hits record level France’s trade deficit widened sharply in June to a record €5.64bn, exacerbated by the higher cost of oil and energy imports and weaker car exports -
Times Pound falls to near 18-month dollar low
Fears of a recession and disappointment at the Bank of England's interest-rate freeze sees the pound fall to $1.9270
Record loss for Royal Bank of Scotland Britain's second-largest bank chalks up one of biggest losses in corporate history amid calls for the head of its chairman
Concern over French nuclear saftey
The latest safety lapse occurred at a nuclear plant run by an arm of Areva, the group in line to take over Sellafield Toyota profits crash as Americans shun gas guzzlers -
Telegraph ==
Barclays chief says worst of crisis over ==
"The oil bubble has burst: soon it will be $70 a barrel"
OR
[you pays yer money - yer takes yer choice"] ==
Oil may hit $200 a barrel Only a collapse in the global demand for oil can save economies from a supply crisis and crude prices reaching more than $200 a barrel, according to a report out today.
Energy expert Paul Stevens says that governments and companies are investing too little to meet future needs and a "supply crunch" will hit within "five to 10 years." ==
Nice weather for truffles
A bad summer for us is a great summer for truffles
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