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Last updated: 21:48:46 Wednesday Dec 3, 2008


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  • U.S. economic activity weakened: Fed Beige Book
    WASHINGTON - Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday.   Nations:U.S.   Activities:2008 Global Recession   2008-12-03

    US job losses accelerate, German car sales stall
    WASHINGTON (AFP) - US job losses accelerated in November while German car sales skidded, according to the latest batch of data Wednesday that added to worries about the global economic outlook.   Nations:Italy Germany Brazil France   Activities:2008 Automakers Downturn 2008 Global Recession   2008-12-03

    US private sector shed 250,000 jobs in November: ADP
    WASHINGTON (AFP) - The US private sector lost 250,000 jobs in November, the largest decline in six years, in a further indication of a tightening labor market amid recession, according to a private payrolls report Wednesday.   People:Barack Obama George W. Bush   Activities:2008 Global Recession   2008-12-03

    Telecom Italia says it will cut 4,000 more jobs in Italy
    MILAN (AFP) - Italian telecommunications group Telecom Italia said on Wednesday it would cut a further 4,000 jobs in Italy under its new business plan covering 2009 to 2011.   Nations:Italy Argentina Brazil   Activities:2008 Global Recession   Source:(AFP)   2008-12-03

    Job cuts, sick car sales, weak demand point to European rate cuts
    LONDON (AFP) - A new round of job cuts in Italy and Spain, plunging German auto sales and a eurozone report described as "horrible" pointed on Wednesday to further interest rate cuts in Europe, analysts said.   Nations:Italy Germany Spain France   People:Nancy Pelosi   Activities:2008 Global Recession   2008-12-03

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    [2007-8 Oil Crisis]: Oil hits near 4-year low on weak economic news (06:40 12/4)

    [2008 Mumbai Terror Attack]: Officials: Pakistan militants masterminded attacks (06:40 12/4)

    [2008 Global Recession]: BoE cuts interest rates, ECB decision due shortly (06:40 12/4)

    [Afghan Terror War]: Suicide bombers hit Afghan southeast (06:40 12/4)

    [Second Gulf War]: Iraq officials: Car bombings in Fallujah kill 10 (06:40 12/4)

    [U.S. Foreclosure Crisis]: Toll Brothers 4Q loss narrows, no 2009 forecast (06:40 12/4)

    [Global Financial Crisis]: European markets surge ahead of rate decisions (05:40 12/4)


    [U.S.-Russia Military Relations]: Russia to send warship through Panama Canal (23:38 12/3)


    [India-Pakistan]: Official: Pakistan group leaders linked to attacks (23:28 12/3)

    [2008 Automakers Downturn]: Automakers plead with Congress; votes lacking (23:28 12/3)




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