Friday 29 August 2008
Alitalia files for bankruptcy protection
Alitalia said Friday it had asked the government to appoint an administrator after it declared insolvency to a Rome court. The decision should lead to a major overhaul of the ailing company whose shares have been suspended from trading since June.
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- ITALY - AVIATION
- Alitalia files for bankruptcy protection
- Friday 29 August 2008
- Alitalia said Friday it had asked the government to appoint an administrator after it declared insolvency to a Rome court. The decision should lead to a major overhaul of the ailing company whose shares have been suspended from trading since June.
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- JAPAN - GROWTH
- Tokyo announces multi-trillion-yen stimulus plan
- Friday 29 August 2008
- Japan has unveiled an important stimulus plan of 107 billion dollars to help consumers, companies and farmers. Fears of a recession have mounted since the economy shrank in the second quarter.
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- EUROPE - INFLATION
- Eurozone inflation slows down
- Friday 29 August 2008
- Inflation in the Eurozone fell to 3.8 percent in August according to official data, revealing a slowing-down after hitting a record high in July. The unemployment rate was stable at 7.3 percent.
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- THE BUSINESS INTERVIEW
- Laurence Parisot, French business confederation
- Friday 29 August 2008
- As all eyes turn on Europe's stalling growth, FRANCE 24's Raphaël Kahane discusses the challenges facing French policymakers with Laurence Parisot, head of the confederation of French business leaders (Medef).
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- UNEMPLOYMENT - FRANCE
- Controversy over tax for unemployment benefits
- Thursday 28 August 2008
- France's political establishment is divided over President Nicolas Sarkozy (right) and High Commissionner for Solidarity Martin Hirsch's (left) proposed €1.5 billion unemployment aid package funded through a 1.1% levy on capital gains.
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- FRANCE - NUCLEAR
- Areva faces 50% cost rise for Finnish nuclear reactor
- Thursday 28 August 2008
- French nuclear firm Areva is facing a 50% cost rise for its next-generation nuclear reactor being built in Finland. The planned date for the reactor to begin service has already been pushed back to 2011.
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- OIL PRICES - HURRICANE RISK
- Oil prices rise only slightly on Gustav
- Thursday 28 August 2008
- Oil prices rose only slightly in Asia on Thursday despite the high risk of tropical storm Gustav, which could build up to hurricane strength, reaching the Gulf of Mexico later in the day, threatening major US oil installations there.
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- FRANCE
- Employers' federation tells France to be competitive
- Wednesday 27 August 2008
- At France's Employers' Federation's (MEDEF) annual conference, its president Laurence Parisot asked the government to lower employment taxes for French companies to be able to better compete in a globalized economy.
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- Friday 29 August 2008
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