Mafia millions buoying banks: UN : Cash-rich Mafia groups have been channelling funds into banks desperate to survive the global credit crisis, the UN anti-crime chief said on Monday. China exports continue to plunge: China's exports plunged by a massive 17.5 per cent in January, the biggest year-on-year decline in more than a decade and threatening more job losses in an already slowing economy France: Aid does not break EU rules: Paris defends loans to car industry as Peugeot-Citroen says it will cut 11,000 jobs. GM to cut 10,000 jobs: Most remaining US staff will see pay cuts of between 3 and 7 per cent for the year while executive pay would be cut by 10 per cent, GM said..
Friday, 13 February 2009
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