Latest News
News Round-Up. (28.11.2008)
Posted: Friday 28th Nov 2008
Starting at the BBC, house prices have fallen another 10.1% since last year, while the government buys almost 60% of the Bank of Scotland.
Then, it’s lumps of coal for everyone at The Telegraph, as the CBI warns of Yuletide woe for retailers. In the US, meanwhile, shops are applying brutal cuts to their prices in a desperate attempt to get the punters spending.
The Guardian keeps up the festive cheer with a report that the entire staff of Woolworths will be sacked after Xmas, as inflation nosedives in the Eurozone.
Next, The Times reports that Japan is back in recession – and this time it’s nasty – as India’s markets plummet in the wake of this week’s terrorist atrocities in Bombay.
Over at The Independent, there’s much debate over whether the High Street has much of a future at all, while Germany and Italy suck the rest of Europe into a recession.
And finally, Startups.co.uk says that De Montfort University has joined a worldwide business network, while the Pre Budget Report, apart from being rubbish on so many other levels, also turns out to be bad news for entrepreneurs too.