Global economy turns worse.

Russian manufacturing goes into reverse and the trend is declining faster again:
http://rt.com/Business/2009-12-01/manufacturing-downturn-deepens-november.html

Latvia sovereign debt in difficulty as they severely tighten spending and ask international finical organisations for assistance:
http://en.rian.ru/business/20091202/157063061.html

According to Pravda in Russia, Dubai still at risk of default:
http://english.pravda.ru/business/finance/01-12-2009/110868-dubai_world-0

President of UAE tries to calm investors but says banks investing in Dubai World are foreign banks and the UAE shall not bail them out:
http://news.bbc.co.uk/1/hi/business/8387710.stm

UK manufacturing goes back into decline gain:
http://news.bbc.co.uk/1/hi/business/8387949.stm

Bank of Japan tries yet another stimulus:
http://news.bbc.co.uk/1/hi/business/8387754.stm

GE cheif executive resigns:
http://news.bbc.co.uk/1/hi/business/8389677.stm

Venezuela shuts down four banks and accuses them of financial irregularities an dthey wont bail them out:
http://news.bbc.co.uk/1/hi/business/8388289.stm

Morgan Stanley warns about UK economy and UK sovereign debt financing
http://news.bbc.co.uk/1/hi/business/8388379.stm

BBC Business editor warns on round 2 of the credit crunch and mentions a US journalist suggests Goldman Sachs banksters are getting handguns in case there is an uprising
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/12/shouldnt_banks_work_for_us.html

Bloomberg article where its noted bansters arm themselves in readiness for an uprising
http://www.bloomberg.com/apps/news?pid=20601110&sid=ahD2WoDAL9h0

- LearnFromMistakes

Related Posts:

• Late-Night News - Feb. 16
• Outlook for business in 2010, at best flat but with possibility of further downturn.
• Two of the biggest retail companies in Britain went bankrupt today.
• Morning News - Feb. 26
• Late-Night News - Feb. 23

Leave a comment