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News Round-Up. (02.12.2008)
Posted: Tuesday 2nd Dec 2008
Starting in the Blogosphere, Guido Fawkes reports that the Pound has just had its biggest nosedive since 1992. Elsewhere, Yahoo News says that the US markets have recovered in the wake of Ford’s better-than-expected report on itself.
The BBC continues with gloom, however. Sales at Tesco’s are down, whilst the most admired company in the UK right now is – you guessed it – a brewery as we all drown our sorrows.
The Telegraph continues to spread rainbows and unicorns of joy as it reports that over 1,000 banking jobs are about to go down the toilet, with the construction industry following in their wake.
Next, The Guardian has news that British Airways and Qantas are about to merge as the airline industry consolidates, while the price of oil has hit a four-year low.
Over at The Times, there are growing calls for major cuts in interest rates as the US car industry prepares to embrace the small, the beautiful and the fuel-efficient.
And finally, The Independent reports that the US economy has in fact been in recession since last year as the UK government is forced to guarantee all savings at yet another bank that has gone bust.