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Oct 27 2009
Iceland says bye to Big Mac
By Agencies   

Iceland's financial crisis has made it too expensive to operate McDonald's franchise
Iceland's financial crisis has made it too expensive to operate McDonald's franchise
The Big Mac, long a symbol of globalisation, has become the latest victim of this tiny island nation's overexposure to the world financial crisis.

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Tags:  Iceland Big Mac McDonald
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Stimulus fuels South Korea recovery
By Agencies   

Gross domestic product rose 2.9 per cent in the third quarter from three months earlier [EPA]
Gross domestic product rose 2.9 per cent in the third quarter from three months earlier [EPA]
South Korea's economy grew at its fastest pace for more than seven years in the third quarter, according to official figures.

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Tags:  South Korea
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New German coalition plans tax cuts
By Agencies   
Angela Merkel said the new cabinet would focus on growth and tax relief [AFP]
Angela Merkel said the new cabinet would focus on growth and tax relief [AFP]
Germany's Christian Democrats (CDU) and the Free Democrats (FDP) have agreed to form a coalition government, pledging to cut taxes, reform the health-care system, and pull all remaining US nuclear weapons from the country.

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Tags:  Germany Christian Democrats Angela Merkel
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Asean working on EU-style bloc
By Agencies   

A lack of concrete proposals and the US role in the project is a major obstacle, say analysts[AFP]
A lack of concrete proposals and the US role in the project is a major obstacle, say analysts[AFP]
Leaders of East Asian countries have laid the groundwork for a European Union-style bloc that will cover half the world's population, analysts and officials say.

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Tags:  Asean
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Asean to study free trade pact
By Agencies   

Leaders will discuss the goal of economic integration, expected to be realised by 2015 [AFP]
Leaders will discuss the goal of economic integration, expected to be realised by 2015 [AFP]
Leaders of East Asian countries are set to work on a feasibility study for a huge free trade zone as part of a broad agenda of a major summit that opened at a Thai beach resort of Hua Hin on Friday.

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Tags:  Southeast Asian Nations
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