ECONOMIC 'Shorts' 16.2.09
TIMES =Angry factory scenes as BMW cuts 850 Mini jobs Sacked wokers vent fury at Cowley plant as German company cuts agency workers after demand for new cars slumps further =KFC to create 9,000 jobs in UK expansion drive Fast food chain will open up to 300 new British restaurants as consumers seek cheap alternatives to dining out ='UK's shortage of gas storage will cost' Increasing storage would cut the premium on stored gas and cut the UK's reliance on imports during expensive periods
TELEGRAPH =Asian shares hit by sharp slowdown in Japanese economy Most Asian stock markets fell on Monday as figures showed Japan's economy contracted the most in 35 years [-3,3%] and G7 finance ministers warned the global slump will drag on this year.
FINANCIAL TIMES =BMW to shed 850 jobs at Mini plant Cowley factory cuts working week to five days =India warns of growing fiscal deficit Fiscal deficit seen rising to 6% of GDP =UK business loan scheme 'not working' Leading business organisations attacked the 'trickle' of funding from the banks under the government's £1bn loan guarantee scheme for small business
BBC ONLINE ='No regrets' over banks merger Gordon Brown says he does not regret allowing the merger between Lloyds TSB and HBOS, as shares continue to slide. =Russian output plummets further Extraction of raw materials declined by 3% during January Russia's industrial output plummeted 19.9% during January compared with the month before, with the sector hit hard by the economic downturn.
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