24 hours of economics in 240 words! An economic snapshot number 20!

For January 11^th

0:25 a.m.  Web domains are to get a new custom name overhaul when a new top level of domains is introduced.

0:33 a.m.  People about to retire this year are to expect their pensions to be considerably lower than those who’ve retired in the last 4 years.

1:13 a.m.  Nissan and Renaut’s alliance record a record sales increase of 10%, despite tough year.

With the new ability for single brand retailers to open stores
in India, shops like this may become more common place!

6:05 a.m.  Orange juice has hit a record price high of, $2.12 a pound, rising 25%.

7:50 a.m.  The Indian government has allowed single-brand foreign retailers to open stores in India, allowing for Starbucks and other companies to invest beyond the previous ownership limit of 51%.

8:33 a.m.  Toyota is seeking to increase exports from North America due to the Japanese Currency, yen, rising nearly 10%.

9:46 a.m.  Superdry firm see a Christmas sales boost of 5.8%!

9:58 a.m.  UK’s oil industry has hit a record high of £7.5billion in 2011.

11:01 a.m. Scotland’s law firms are continuing to be affected by difficult market conditions, according to a new report.

2:18 p.m.  EDF energy is to cut its prices of gas by 5%, £38.

3:52 p.m.  Germany’s GDP is likely to have shrunk 0.25% in the last quarter.

4:28 p.m.  Report urges UK films to be more mainstream

7:45 p.m.  Wonga has stopped targeting its loans at students after it was branded “irresponsible”.

8:57 p.m.  The Paisley Daily Express is to move its office from Paisley to Glasgow, after closing 5 offices.