fourth time loss of Sony
According to news earlier, Sony Company has reported a loss for a fourth consecutive quarter, hit by slow mobile handset sales, but has narrowed its full year loss forecast. They suffered an operating loss of 32.6bn yen in the three months to September, from a profit of 11.05bn yen a year earlier. However it has [...]
Big Loss for Dubai’s Biggest Property Firm
According to the news earlier, the Middle East’s biggest property developer – Emaar Properties – has reported a big loss after bets on the US property market went wildly wrong. The firm made a loss of 1.3bn dirhams ($350m; £215m) between April and June after it was forced to write off 1.73bn dirhams from its [...]
Hope for Economy as pound push higher
According to the news just this morning, the pound has been rising again against the US dollar following better-than-expected economy. The Office for National Statistics said industrial production unexpectedly rose 0.5% in June from May, although it is still down 11.1% from last year.
Also, a survey from the Chartered Institute for Purchasing and Supply (CIPS) [...]
chages must be made
UN said in the news that the impact of the global crisis on the poorest countries is likely to be so severe that a radical change in policy is needed. The UN Conference on Trade and Development (Unctad) believes new policy approaches are needed to diversify their economies. The 41 poorest countries will be particularly [...]
