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Business & Finance

Tourism sector eyes brighter 2010

11.11.2009 - Business & Finance

The cold, grey morning in east London was an apt metaphor for the difficulties faced by the global tourism industry in 2009.

GM plans to cut 10,000 Opel jobs

05.11.2009 - Business & Finance

General Motors (GM) has confirmed that it plans to cut 10,000 jobs across its European car unit Opel, which includes the Vauxhall brand in the UK.

US interest rates left unchanged

05.11.2009 - Business & Finance

The Federal Reserve has kept US interest rates on hold at between 0% and 0.25%, as had been widely expected.

VW shows how to take Russian carmaking forward

21.10.2009 - Business & Finance

While Avtovaz has been pushed to the brink by a 50% sales slump during the economic downturn, German giant, VW, has been pumping huge investment into Russia with big plans to expand.

Oil price hits new high for 2009

19.10.2009 - Business & Finance

The price of oil has reached a new high for 2009, continuing its recent rise on the back of the weak US dollar and strong US company results.

Russia economy 'to shrink 7.5%'

12.10.2009 - Business & Finance

Russia's economy will shrink by 7.5% in 2009, President Dmitry Medvedev has said - but claimed Kremlin intervention had prevented a worse decline.

PM to unveil £16bn sale of assets

12.10.2009 - Business & Finance

Gordon Brown is to set out proposals to reduce the soaring budget deficit by raising £16bn from the sale of assets.

Philips cautious despite profits

12.10.2009 - Business & Finance

Dutch electronics giant Philips has seen its latest quarterly profits treble, but says there are few signs of recovery in most of its markets.

Dollar rises on Bernanke comments

09.10.2009 - Business & Finance

The dollar has rebounded from recent lows after US Federal Reserve boss Ben Bernanke said he would tighten monetary policy when the economy recovers.