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'Daily Mail' cuts jobs and costs

The owner of the 'Daily Mail' newspaper has axed hundreds of jobs and launched a £100m drive to boost revenues, as it becomes the latest publishing group to feel the grip of the financial crisis.

Crucial partner
China's trade ties with Latin America are on the rise
Russian oil giant circles Repsol
Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil.
Relief for consumers as gas price hike scrapped

CONSUMERS will not face higher gas bills in January and Bord Gais may even cut charges next year, the Irish Independent can reveal.

Oil price goes below $50 a barrel
Oil prices fall below $50 a barrel amid growing fears over a global recession and lower demand for oil.
Screens turn red as ISEQ plummets

Trading screens across Dublin turned red as bank shares and later industrial stocks came under the hammer as a wave of negative sentiment swept global markets.

Santander snubs UK shareholders
The giant Spanish bank Santander has excluded 1.8 million UK shareholders from taking part in a new share issue.
So, is it really worth buying organic as the recession bites?

The organic movement blossomed in the boom years. From the early '90s onwards, organic sales grew on average 20pc a year, doubling in the last five years alone from €38m to €66m. It's not surprising, given how much organic food stuffs cost.

Economy boost may mean pain later
Alistair Darling may be forced to set out future taxes rises to pay for a short-term boost to the economy, the BBC understands.
End of road for GM

This week's humiliating rebuff from Congress, which sent GM chairman Rick Wagoner and the bosses of the other US auto companies away empty-handed, almost certainly marks the start of the final countdown for Detroit's "big three".

Tata Group cools expansion plans
Indian conglomerate Tata Group says it will cut down on acquisitions because of increasing problems in raising capital.
Bernanke, Paulson Defend Bailout in Testimony
The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue.
Daewoo leases African plantation
South Korean firm Daewoo says it is leasing a vast tract of land in Madagascar, which will produce half of its corn supply by 2023.

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