20th July 2011
From Reuters, a faltering economy and lasting damage from the world financial crisis may threaten the government's goal to eliminate a record budget deficit despite deep spending cuts which have so far reassured investors.
The New York Times is reporting strong sales to shoppers in emerging markets and to business customers helped Apple extend its lengthy streak of stellar performance in its earnings report.
The Telegraph are discussing the next moves in the eurozone, Europe's leaders have finally run out of time. If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday's emergency summit, they risk a full-fledged run on South Europe's bond markets and a disorderly collapse of monetary union.
Then from This is Money, The debt crisis crippling the Eurozone could trigger an ‘earthquake' that slashes hundreds of billions of pounds off the global economy, the world's financial watchdog warned last night.
The Independent is writing in response to the rise in share prices of News Corp, it is easy enough to see exactly what is happening to a company's share price in real time. What will dismay Rupert Murdoch is that as he gave his shambling evidence to Parliament yesterday, the value of News Corp, his empire, rose rather than fell. That tells you everything you need to know about where this scandal is now headed.
On the BBC News, sales and passenger numbers at Eurostar grew in the first half of the year, boosted by a rise in US travellers.
Another from the BBC News, BHP Billiton, the world's biggest miner, has reported a rise in coal output but said that flooding continues to impact production.
The Guardian is discussing the US, a last-ditch plan to resolve the deadlock over America's debt ceiling has raised hopes that the world's biggest economy could avoid a potentially catastrophic default, as Europe remains bogged down in its own financial crisis.
Today from the Financial Times, prosecutors in Germany have publicly alleged for the first time that Bernie Ecclestone and a trust belonging to the Formula One supremo's family paid almost $44m in bribes to a German banker.
The Wall Street Journal are reporting some surprising news, long envied as one of the savviest gamblers around, Goldman Sachs Group Inc. surprised Wall Street with a steep decline in trading revenue because it stopped rolling the dice.
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