16th August 2011
From the Guardian, had Standard & Poor's factored in overconsumption of natural resources, the US would have faced a downgrade years ago.
German economic growth slowed to a near standstill in the second quarter of this year, dealing a further, unexpected blow to eurozone prospects, reports the Financial Times.
From the BBC News, the rate of Consumer Prices Index (CPI) inflation rose to 4.4% from 4.2% in June, although the Retail Prices Index (RPI) measure was unchanged at 5%.
Then in the Guardian another way it will affect the public, hard-hit rail commuters face more misery as inflation figures on Tuesday reveal how much more they will have to pay for their season tickets in the new year.
More good news for consumers, in Reuters, global food prices held near three-year highs in July and stocks were low, piling on pressure on the world's poor, the World Bank said on Monday.
Although, the public might get cut a break when it come to the mobile phone industry – according to the Telegraph, Chinese mobile telecoms giant Huawei is its stepping up its assault on the UK market after growing sales 11pc in the first half of the year to nearly £10bn.
Also from the Telegraph, Sir James Dyson, the inventor and businessman behind the eponymous vacuum cleaner, has warned that he may be forced to take his research and development operations abroad if Britain does not produce more engineers.
From the Wall Street Journal, Google Inc. forged a $12.5 billion deal to buy Motorola's cellphone business, a move that could reshape the Internet giant's fortunes in the mobile world while also giving it an arsenal of patents for legal warfare with Apple Inc. and others.
More from the Wall Street Journal, the stock market's recent wild swings have unsettled many investors, but they have led to record profits for high-frequency traders following months of disappointing returns, industry analysts and money managers said.
Sign up for our free email newsletter here, for your chance to win an iPad 2.