The scale of the recent suffering in the global automotive industry is possibly second only to that of the finance industry. We need only rewind to September 2008 to see the three US giants of car manufacture in begging cap in hand in Washington at the end of George Bush’s tenure. Over a year later [...]
Private pension funds in the UK are reported to be struggling with far larger deficit levels than other countries, according to analysts. This article looks at the nature of the UK pension fund slump and examines how it has hit the UK far more than other countries.
A pension fund is measured by its assets and [...]
Outright doom and gloom was predicted for UK home owners at the start of 2009, but the reality is not as bad as some initially feared. It is of little comfort to those who have been unfortunate enough to lose their homes, but recent data shows that the recession has not hit home owners nearly [...]
The last couple of years have been turbulent times for the housing market. This is not a problem confined to the UK, as property prices have crumbled the whole world over. The credit crunch has closed its jaws, reducing access to lending and increasing global unemployment. Repossessions and negative equity have rocked the stagnant waters [...]
Stock markets around the world lurched this week as the full scale of Dubai debt has been revealed. This article will examine the nature of the crisis, the history of Dubai’s wealth and the impact that this has on the global recovery.
State owned Dubai World is seeking to defer payment on some of it’s $60 [...]