Shakhtar secure last Uefa win
May 21, 2009 by amymacbeth
SHAKHTAR Donetsk won the last ever UEFA Cup, beating Werder Bremen 2-1 after extra time on Wednesday. 97th minute strike from Rodrigues Jadson won the tie for the Ukranian side.
Shaktar’s victory means that they will go down in history as the last winners of the tournament. The UEFA Cup is to be replaced next season by a new competition, the Europa League.
Ferrari consider FIA future
May 21, 2009 by amymacbeth
FERRARI have confirmed that they will consider leaving Formula One after their appeal against the FIA’s budget cap proposals was rejected on Wednesday. The FIA want to introduce an optional £40m cap in 2010 to protect teams during the global financial crisis. Teams that accept the cap will receive greater technical freedom than those that don’t. Ferrari said this would create a two-tier system favouring those who accept the budget cap. The deadline for teams to sign up for next season’s competition is next week. Several teams are backing Ferrari and may also withdraw from the FIA if a solution is not reached.
A Quacking Effort
May 21, 2009 by amyferguson
A man who saved a mother duck and her ducklings made news across the world yesterday as people flocked to watch him catch falling ducklings, lead them through a parade and restore them to the safety of the waters.
Second largest economy suffering
May 21, 2009 by amyferguson
Japan has announced that it is in the deepest economic crisis the country has experienced since World War II.
Japan’s economy shrank at the fastest rate ever recorded during the first three months of this year officials figures have shown.
This unprecedented weakening of the world’s second largest economy is attributed to export problems during the recession.
Ryutaro Nagayama, marketing manager, Nagayama S.p.A (a fashion company which distribute clothes throughout South East Asia and the EU), said: “The last year has been very tough for us, and the financial situation has got even worse since the turn of the year.
“We have not been hit too badly but the economy has been ravaged.”
The government says the slump is worse than the 1990s recession: a decade of economic stagnation and deflation for the country.
Japan’s economy contracted 3.3 percent in the fourth quarter of 2008, official data reported.
Mr Nagayama said: “The government keep saying everything will be alright, but so far have offered no solution to help business owners.
“We are trying to focus on the positives, but there are no signs of it getting better yet.”
Japanese share prices have been impacted by the data, with the Nikkei-225 index ending down 0.38 percent.
Oil prices hit six month high
May 21, 2009 by amyferguson
Oil prices have hit six-month highs, breaking through $60 a barrel as investors wait for vital US inventory figures.
US light crude rose to $60.70 a barrel, while London Brent reached $59.18.
US crude fell to under $60 on May 19, and was further lowered by official data indicating a record fall in the number of new homes built in the US.
