Welcome Thursday, August 28, 2008
Governance News
Dollar hits six month euro high
European exporters have been handed a boost after the dollar climbed to a new six-month high against the euro.
Big three suffer slump as Eurozone slips closer to recession
The economies of Germany, Italy and France all contracted in the months between April and June – offering the clearest indication yet that the eurozone could be on the brink of recession.
11:09, 14 Aug, 2008
Report offers dire warning on oil costs
A lack of investment in oil production will lead to a serious “supply crunch” in the global market within the next five to ten years, a leading think tank has claimed.
11:22, 11 Aug, 2008
Four charged in fresh price fixing probe
British Airways has come under fire after it was announced that four of its senior executives are facing charges relating to price fixing.
17:05, 07 Aug, 2008
UK Government launches employment practice crackdown
The UK government is launching a new employee helpline aimed at shopping firms who mistreat their workers and pay below the minimum wage.
08:42, 06 Aug, 2008
Coca-Cola findings pop Chinese supplier's bubbles
Two-thirds of Coca-Cola’s suppliers in China are failing to comply with company policies in areas such as the environment and workers’ rights.
15:06, 01 Aug, 2008
BMW to miss targets as procurement pain spreads
Increased procurement costs and the continuing weakness of the US dollar have hit German automotive giant BMW and will cause it to miss its 2008 targets, the company has said.
13:28, 01 Aug, 2008
Eurozone inflation hits record high
Inflation in the eurozone has reached record levels, jumping to 4.1 per cent in the year to July – the highest figure since records began over a decade ago, and way over the Central Bank’s target rate of two per cent.
16:38, 31 Jul, 2008
Flights to go as cost cutting plans take off at Easyjet
Easyjet has become the latest airline to announce that it intends to cut flights this winter in response to the global economic slowdown and fuel price hikes.
15:40, 24 Jul, 2008
Watchdog blasts military procurement
By Melissa Lwee
The UK’s Ministry of Defence has come under fire from an independent government watchdog for juggling budgets to make its equipment bill seem lower than it really is.
10:30, 23 Jul, 2008
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