24 hours of economics in 240 words! An economic snapshot number 30!

For February 9^th

0:01 a.m.  Read Madrid’s revenues of €480million have topped the football rich list yet again.

3:23 a.m.  China’s inflation rate has rise to 4.5%, after an unexpected acceleration.

7:46 a.m.  Drinks group, Diageo, responsible for Guinness, have announced a profits rise of over 15% in emerging markets.

9:01 a.m.  Vodafone had it’s revenues hit by the European economic problems, of late.

10:25 a.m. The UK deficit on seasonal goods was just over £1billion compared to the near £3billion gap last year, the smallest the gap’s been since 2003.

1:30 p.m.  A Derby train maker, Bombardier, has announced job security since missing out of £1.4billion government contracts.

3:26 p.m.  It’s been revealed that nearly 1.6million pensioners are missing out on payments, including those that help during these cold days.

The Bank of England are to inject an extra £50billion into
the UK!

4:06 p.m.  Pepsi is set to make 8,700 worldwide employees redundant, in order to save $1.5billion, after forecasting a 2% drop in earnings for 2012.

5:46 p.m.  The five biggest US banks have agreed to $25billion mortgage settlements, to settle claims of improper foreclosure practises.

6:21 p.m.  Eurozone ministers have put doubt over Greece’s €130billion austerity plan, branding it as “not ready”.

6:48 p.m.  The Bank of England has injected an additional £50billion into the UK as it agreed to extend its quantitative easing programme, aiming to boost Britain’s economy!

8:06 p.m.  Kodak announced its plans to cease production on all digital photography, video cameras and picture frames, deciding to focus on photo printing and inkjet printers.