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added: 23-10-2008

So what will the world car industry look like by Christmas? Who knows, things are changing quickly as sales slump in the west and even Chinese buyers take a rest (meaning lower demand for steel and Australian iron ore and coal).

Fitch: Global Financial Crisis Expose Russia's Weaknesses

added: 23-10-2008

Fitch Ratings says in a special report that, despite the sovereign's strong balance sheet and liquidity position, the impact of the global financial crisis and sharp drop in oil prices has brought Fitch's long-standing concerns over Russia's relatively weak banking sector, commodity dependence and heavy private sector external repayment schedule to the fore, exposing weaknesses in Russia's economic and credit fundamentals.

Coordinated European Action Needed to Tackle Financial Crisis Says the European Parliament

added: 23-10-2008

MEPs say the EU needs a coordinated response on a range of fronts in order to tackle the financial crisis and limit its impact on economic growth, jobs and small businesses. In a resolution on last week's EU summit, they also call for measures to improve financial supervision and look at issues from climate change to the Caucasus.

China: Producer Price Index for Manufactured Goods Increased in September 2008

added: 23-10-2008

In September, Producer Price Index (PPI) for manufactured goods was up by 9.1 percent year-on-year; purchasing prices for raw material, fuels and power rose by 14.0 percent.

EU: Better Protection For Holiday-Makers

added: 23-10-2008

Consumers across the EU will benefit from greater holiday protection - when they buy and resell timeshare holidays, or timeshare-like holidays on cruise boats, canal boats, caravans and "discount holiday clubs" - under new rules endorsed by the European Parliament.

European Parliament Ensures Temporary Agency Workers Gain Equal Rights

added: 23-10-2008

The European Parliament adopted a directive on temporary agency work which enables temporary workers to be treated equally, from day one, with those of the employer company. However, following agreement reached in May this year between the social partners in the UK, agency workers will get the same pay and conditions as permanent staff after being employed for 12 weeks. This is the final stage in the process and Member States have a maximum of three years to transpose the directive.

The Leading Index for France Declined 0.3 Percent in August 2008

added: 23-10-2008

The Conference Board reports that the leading index for France declined 0.3 percent and the coincident index remained unchanged in August.

US Regional and State Employment and Unemployment in September 2008

added: 23-10-2008

Regional and state unemployment rates were generally little changed in September but up substantially over the year. Overall, 21 states
and the District of Columbia recorded over-the-month unemployment rate increases, 23 states registered decreases, and 6 states had no change, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Over the year, jobless rates were up in 47 states and the District of Columbia and down in 3 states. The national unemployment rate was un- changed in September at 6.1 percent but was up from 4.7 percent a year earlier.

China: National Real Estate Climate Index Decreased Slightly in September 2008

added: 23-10-2008

In September, the national real estate climate index was 101.15, 0.63 and 3.84 points lower than the previous month, and over the same period last year.

EU27 Current Account Deficit 30.9 bn euro in the Second Quarter of 2008

added: 22-10-2008

According to the latest revisions, the EU27 external current account recorded a deficit of 30.9 billion euro in the second quarter of 2008, compared with a deficit of 10.2 bn in the second quarter of 2007 and a deficit of 20.1 bn in the first quarter of 2008.

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