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Archive for May 25th, 2008Buffett blames banks for credit crisisPosted by UK Money News
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25May 08 Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, U.S. billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.
Read full story Hops shortage hitting US craft-breweriesPosted by UK Economy News
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25May 08 Like apple pie and baseball, beer has achieved favored status in the lexicon of American traditions, with US sales of the drink outstripping purchases of liquor and wine by billions of dollars.
Read full story Comments Off Spanish airlines feel pressure from expansion of fast train networkPosted by UK Economy News
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25May 08 Spanish airlines are facing growing pressure on their domestic routes from the expansion of the country's high-speed railway network, which the government says will be the world's most extensive by 2010.
Read full story Comments Off 2008 Cannes film market morosePosted by UK Economy News
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25May 08 Business at Cannes' billion-dollar market was morose this year, dampened by too many films on offer and a grim global economic climate, organisers said.
Read full story Comments Off Low-cost airline, casino builder target Vietnam’s skies and beachesPosted by UK Economy News
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25May 08 An Australian low-cost airline and a Canadian luxury resort and casino developer have launched two ambitious projects that aim to revolutionise Vietnam's fast-growing tourism industry.
Read full story Comments Off World looks to Japan’s rice mountain to ease crisisPosted by UK Economy News
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25May 08 World leaders looking for ways to ease global food shortages may have found one answer in warehouses dotted around Japan where a rice mountain is standing idle.
Read full story Comments Off Asian governments forced to act as oil prices soarPosted by UK Economy News
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25May 08 Torn between protecting the poor and saving their budgets, governments across Asia are being forced to slash fuel subsidies as world oil prices smash through 130 dollars a barrel.
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