Has the global luxury goods bubble burst? Mulberry shares plunge as it warns Chinese are not buying posh bags

http://www.dailymail.co.uk/news/article-2221798/Mulberry-shares-plunge-posh-bags-firm-warns-Chinese-spending.html By Adrian Lowery PUBLISHED: 05:17 EST, 23 October 2012 | UPDATED: 08:26 EST, 23 October 2012 One of British retail’s recent success stories looked to have turned sour today as Mulberry warned investors that profits would be lower than expected this year. The luxury goods maker – which has used stars such as Alexa […]

Asia stocks tumble, Tokyo hits 28-year low amid global rout Reuters

http://finance.yahoo.com/news/asia-stocks-tumble-tokyo-hits-28-low-amid-025223067–finance.html By Chikako Mogi | Reuters – 1 hour 21 minutes ago TOKYO (Reuters) – Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Tokyo’s broader […]

‘Beware a rerun of the Great Panic of 2008′: Head of World Bank warns Europe is heading for ‘danger zone’ as world markets suffer bleakest day of the year so far

http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module Robert Zoellick: ‘Far from clear leaders ready for impending catastrophe’ Raft of dismal news from around world wreaked havoc on market Manufacturing output crashed in Britain, jobless up in Europe and U.S. Fast-emerging economies such as Brazil and China running out of steam By Hugo Duncan PUBLISHED: 10:49 EST, 1 June 2012 | UPDATED: […]

More wives bring home the bacon as their husbands suffer from the ‘mancession’

http://www.dailymail.co.uk/news/article-2111605/More-wives-bring-home-bacon-husbands-suffer-mancession.html By Daily Mail Reporter Last updated at 4:19 PM on 7th March 2012 The number of wives earning more than their husbands has been increasing for years with the pace accelerated further by the recession, according to a survey. Nearly 38 percent of wives earned more than their husbands in 2009, according to the […]

IMF warns that Europe poses global recession threat

http://www.reuters.com/article/2012/01/24/us-imf-idUSTRE80N1CP20120124 By Lesley Wroughton WASHINGTON | Tue Jan 24, 2012 10:56am EST (Reuters) – The euro zone debt crisis is escalating and could derail the global economic recovery, the International Monetary Fund warned on Tuesday as it called for urgent action to restore confidence. The IMF chopped its 2012 forecast for global growth to 3.3 […]