Business (nytimes.com)
- OPEC Ends Meeting With No Plan to Prop Up Prices
With demand plunging, members of the oil cartel are struggling to maintain unity.
- Ryanair Makes New Bid for Aer Lingus
Ryanair, Europe’s biggest low-cost airline, made a new offer to buy the 70 percent of its Irish rival Aer Lingus that it does not already own.
- China’s President Cites Threat of Global Slowdown
President Hu Jintao warned that China could lose its competitive edge as trade growth slows amid the global financial crisis.
- Britain Hopes to Lure Shoppers With Weak Pound
Compared to last year, the British pound has dropped substantially, with retailers hoping to lure American tourists while also enticing Britons to shop at home.
- Violence Clouds India’s Economic Future
The terrorist siege is likely to threaten India’s already murky economic future and thwart plans to transform Mumbai into a regional financial center, economists said.
- Fears That a Weakened British Pound May Grow Weaker
Some in Britain fear that the government’s plan to borrow and spend to counter the current recession may lead to a run on the pound.
- Europe Accuses Drug Makers of Padding Health Care Costs
The European Union accused drug companies of adding billions of dollars to health care costs by delaying or blocking the sale of less-expensive generic medicines.
- U.K. Takes Majority Stake in RBS
The British government took control of Royal Bank of Scotland after investors shunned the bank’s share sale.
- Inflation Falls in Europe; Big Rate Cut Seems Likely
The European Central Bank is expected to make its largest-ever interest rate cut next week.
- Mile of London Tunnels for Sale, History Included
After years of lying unused, a historic tunnel complex built in 1940 can be bought for $7.4 million.
