For January 18th
0:00 a.m. Citroen has had its “yes” ad banned from watchdog ASA, saying it caused seizures.
4:16 a.m. World Bank has warned the developing nations for a shock as it’s now predicting a 0.3% contraction in the Eurozone, which will affect the developing countries because the Eurozone makes up a large amount of their trade.
6:07 a.m. Yahoo co-founder Jerry Yang has resigned, despite founding it in 1995.
10:22 a.m. UK hydrogen powered cars are predicted to launch in the UK in 2015, after the government and 13 companies have launched an initiative.
11:18 a.m. Germany has lowered its growth forecast to 0.7% growth, down from the originally predicted 1%.
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| Watchdog says NO to Citroen's YES! |
0:56 p.m. Direct Line and Churchill have been fined £2.17million for tampering with complaint files before submitting them to the FSA.
1:04 p.m. The UK unemployment rate has increased by 118,000 to 2.69million, according to the ONS.
3:53 p.m. Goldman Sachs has cut its pays and bonuses to £7.4billion after their profits halved.
4:12 p.m. IMF is seeking a $500billion funding boost, in order to stabilize the world’s economy, saying it may need $1trillion in the coming years.
7:35 p.m. Greece has predicted a private debt write-off deal by the weekend, despite talks stalling last week.
9:35 p.m. Peacocks has entered administration, after failing to restructure its £240million debts.
10:55 p.m. Ebay has reported a big jump in quarterly profits, with its income rising from $559million to $1.98billion.
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