15th August 2011
From the Guardian, the days of 'coddling' America's super-rich with low taxes must end if its debt problems are ever to be solved, according to billionaire investor Warren Buffett.
The Telegraph is reporting, investors worldwide have lost confidence in economic leadership, driving financial markets into a "new danger zone", the head of the World Bank has warned ahead of a crucial meeting that could shape the future of the eurozone.
While the BBC News is discussing confidence as well, business confidence among UK firms is falling, two surveys have suggested.
In the Financial Times, Germany and France are ruling out common eurozone bonds to solve the bloc's current debt crisis, in spite of renewed pressure ahead of a meeting of chancellor Angela Merkel and president Nicholas Sarkozy on Tuesday.
From the Telegraph, the extent of the panic that gripped financial markets last week has been laid bare by figures that showed speculators slashed their bets in US commodity markets by record margins.
Japan's economy contracted for a third straight quarter as consumer spending and factory production continued to suffer in the aftermath of the March earthquake and tsunami, reports the Independent.
This is Money is reporting on employment figures, jobless figures are set to rise later in the year, ending a recent downward trend, according to a leading business group. A survey of 1,000 employers has found that the number who are hiring staff has dropped behind the number who are not.
The Wall Street Journal is discussing the UK housing market, the average price asked by homeowners seeking to sell their properties in the U.K. declined in August, but activity in the housing market remains subdued, online real-estate agency Rightmove PLC said Monday.
While in the Telegraph, research by Investec Specialist Private Bank has revealed that there were 21,319 homes on the market for £1m or more during the second quarter of 2011 – an increase of 8pc on the first three months of this year and 10pc more than the same period last year.
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