15th September 2011
From the Telegraph, an interactive map of 1,000 mid-sized companies which have weathered the economic storm and are set to be the foundation of the UK's recovery.
The New York Times is reporting, UBS, the largest Swiss bank, said Thursday that a rogue trader in its investment bank had lost it ‘‘in the range'' of $2 billion.
The U.K. Treasury on Wednesday said it has begun court proceedings against the European Central Bank over the bank's policy to stop U.K.-based clearing houses dealing with some euro-denominated financial products, reports the Wall Street Journal.
The Financial Times is looking at what is happening in the eurozone, France and Germany offered their full support for Greece remaining in the eurozone, but made an emphatic appeal to Athens to implement promised economic reforms as a way of stabilising the bloc.
While the BBC News is saying, the European Commission has predicted that economic growth in the eurozone will come "to a virtual standstill" in the second half of 2011.
Reuters is looking for a solution, calls are growing for euro zone states to consider issuing bonds jointly underwritten by all 17 countries in the bloc — so-called euro zone bonds. European Commission President Jose Manuel Barroso promised on Wednesday to present options soon.
And the Independent is saying we need to look at the history of this financial crisis to ensure we don't fall back in to it, with Europe's sovereign debt crisis threatening to become a banking crisis, the Continent's leaders must look across an ocean to the West and three years into the past for lessons on how to react.
Social media news from the Telegraph, Facebook founder Mark Zuckerberg is said to have delayed plans for a multi-billion flotation until late next year to keep staff focused on improving the world's biggest social networking site.
The BBC News is reporting, retail sales contracted in the UK in August, with sales volumes down 0.2% in the month, latest official figures show.
Sustainable business is in fashion according to the Guardian, many more companies are putting climate change at the heart of business strategies, paying bonuses to staff who effect change.
In the BBC News, a report has identified 16 companies from across the developing world that are best showing how to grow profits at the same time as actively tackling environmental and social challenges.
In Citywire, yesterday's appalling jobs report hot on the heels of a marginal rise in inflation last month increases the chances of a second round of quantitative easing in the UK.
Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, metals consultancy GFMS said in a report on Thursday, as inflation pressures in Asia and debt concerns in the West lead to a recovery in investment demand, from Reuters.