Japan's government has officially announced the country is in a deflation period expressing fears that it could harms the recovery process. The Bank of Japan has decided to keep interest rates at its lowest level.
Former prime ministers Michel Rocard and Alain Juppé (right and left of photo) have handed the president a long-awaited report on the post-credit crisis economy. Its conclusion is proving controversial, with many baulking at the 35 billion euro bill.
Having scrapped plans to sell its European division Opel/Vauxhall, General Motors says it could cut up to 10,000 jobs as part of plans to slash production in Europe by between 20 and 25 percent.
British low-cost company EasyJet has posted a 49.2 million euro pretax profit for 2009 compared to last year's 137.65
million profit. The group explains it is due to high fuel costs and underlines the number of passengers up 3.4 percent.
Louis Gallois was attending the Dubai Air Show on Monday. FRANCE 24 Raphaël Kahane asked him about the impact of the economic crisis on the world aircraft industry.
Japan's economy grew 1.2 percent in the third quarter, beating market expectations and confirming that the country is well and truly on the road to recovering. The trade minister erroneously released the data ahead of its official release time.
With General Motors forecast to report Monday a modest improvement in earnings, the automaker is expected to begin repaying the 6.7 billion US government bailout it received.
World Bank chief Robert Zoellick and ministers from 21 nations gathered in Singapore on Friday for the Asia Pacific Economic Cooperation (APEC) summit issued calls to resist protectionism to avoid a return to recession.
Finance ministers from the world's 20 most powerful and fastest emerging economies meet for a second day in Scotland to coordinate economic stimulus measures and discuss funding for a still uncertain agreement on climate change.
