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Shop till you prop up the economy, Taiwan residents told
Taiwan's prime minister announces a cash handout for all residents in a bid to try to stave off economic crisis.
Cash-strapped
Small firms in India come under pressure
EasyJet reports sharp fall in profits

Budget airline easyJet PLC reported a 45 per cent drop in full-year profits today as higher fuel costs offset a strong gain in revenue.

Stephen King: Another British currency crisis – it's enough to make you feel nostalgic

Stick your head out of the window, inhale deeply, and enjoy the sweet, yet sickly, scent of nostalgia. It's everywhere. On a Saturday night, you can settle down in front of the television to watch the X Factor or Strictly Come Dancing, throwbacks to the days of Opportunity Knocks, New Faces and the BBC's Seaside Special. You can bask in the reflected glory of our summer Olympians who won the most British medals since the 1908 Olympics when the tug o' war was, apparently, taken rather seriously. Or you can look at sterling's sudden collapse and think of the seemingly countless occasions when Britain's economic prospects were undone as a result of a currency crisis.

David Prosser: New Star no longer shines so brightly

Outlook:There are two ways to read yesterday's announcement from New Star that it has renegotiated its £236m debt at the cost of an additional 1.5 percentage points of interest each year, landing it with an extra £22m annual payment. Optimists will take heart from the categorical rejection of rumours doing the rounds in recent months that the asset manager was close to breaching its banking covenants. And the 9.25 per cent that New Star's creditors will henceforth receive is not generous compared to the cost of some financial service companies' debts (one imagines that Barclays, for example, would fancy a bit of that).

Dow plunges below 8,000 to five-year low

Renewed turmoil on the world's debt markets signalled the credit crisis is far from over, and sent share prices plunging on both sides of the Atlantic.

The car club that's joined the fast lane as drivers go without their own set of wheels

Brett Akker is trying not to look too pleased. But there is no skirting round the point that the economic downturn is proving rather good for business.

Rolls-Royce plans 2,000 job cuts
Aircraft engine maker Rolls-Royce says it plans to cut up to 2,000 jobs in 2009, including 140 in the UK.
Sir Stelios may return as easyJet chairman in row over strategy

The founder of easyGroup, Sir Stelios Haji-Ioannou, yesterday threatened to reinstall himself as chairman of easyJet during a row about the airline's growth strategy.

New Star renegotiates loans and axes jobs as billions wiped off asset values

New Star Asset Management, the group that became famous for making its secretaries millionaires when it listed, has renegotiated the terms of its loans and is preparing to slash £20m of costs, as it blamed the economic crisis for a disappointing quarterly performance.

RBS to axe 3,000 staff

Britain faced more jobs misery today over plans by Royal Bank of Scotland to axe around 3,000 staff.

Syrian business
Long-isolated Syria warms to tourism in Damascus
Murdoch attacks newspaper doomsayers

Rupert Murdoch tore into the "doom and gloomers" predicting the demise of newspapers yesterday, backing the industry to hit new heights this century, but admitted this involved "moving beyond dead trees".

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