What the Finance

Despite the media’s effort to reassure the consumers that the crisis is under control - if not almost over -, Greek newspaper report that the Greek stock market announced losses of €45 billions in the first three weeks of the year only! And the turmoil continues…

“The most profitable of all airfares in the travel industry, are the trans-Atlantic business-class fares”, claims Global Travel News, and British Airways seems to agree completely. Having only recently announed plans to launch a new airline with 24 business class seats, called OpenSkies, British Airways has now announced … plans to launch a new business-class-only [...]

The political situation is quite edgy at the moment in Italy. Fears of possible government collapsement caused Alitalia’s stock price to fall to 63.25 cents, a dramatic further 9.7 percent fall.

The new US inflation data released on Friday have triggered a fresh sell-off in the London stock market, sending stocks lower from Wall Street to Europe and Asia. The Dow Jones Index slipped more than 1.3 per cent lower on Friday, followed by a more than 1.86 per cent fall in the FTSE 100 Index [...]

Bloomberg reported today that the amount of money from City bonuses coming into the London property market will fall 60 percent to 2 billion pounds in the coming year, as financiers, accountants and lawyers choose to invest in hedge funds instead of housing, according to research carried out by Savills.
This should definitely come as no [...]