Wednesday, 4 January 2012

24 hours of economics in 240 words! An economic snapshot number 14


For January 4th
0:08 a.m.  Labour has said that the tax break plan, designed to give 400,000 businesses relief, has been a “total flop”.
6:51 a.m.  Ecuador has appealed against a court ruling for Chevron to pay £11.5billion for Amazon oil damage.
7:31 a.m.  China has uncovered £54billion of irregularities in its local government debts.
7:43 a.m.  The US Federal Reserve said it’d publish regular interest rate forecasts.
10:16 a.m. The downturn in services in the Eurozone has slowed up to 48.8 from 46.4 in November.
11:38 a.m. John Lewis has large sales rise over Christmas period, household goods up 16.6% and fashion 10.3%.
Windows creator, Microsoft is suing British high street firm Comet
11:48 p.m. Nissan produced 480,000 vehicles at it’s Sunderland plant, last year, up 14% from 2010, with the Qashqai models accounting for 300,000 of them.
1:26 p.m.  Benefit and tax changes will hit families with children.
4:16 p.m.  Comet is being sued by Microsoft for, apparently, selling 94,000 fake windows recovery CDs.
4:23 p.m.  Yahoo has named Scott Thompson, the head of PayPal, as its new head.
4:52 p.m.  Swiss Bank Central has claimed that it’s chairman his wife made some “partly incorrect” dealings. Kashya Hildbrand bought 500,000 dollars before a reduction in the franc and then sold them on, and used the profit to buy a house.
5:33 p.m.  The government has appealed against high court ruling to cut solar panel subsidies.
6:36 p.m.  Next’s sales rose 3.1% and are on target with an outperformance of online sales.

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