Tuesday, February 09 2010

Business

Toyota recalls 400,000 hybrids worldwide

Toyota will recall 437,000 hybrid vehicles globally to fix faulty braking systems on its four models, including the Prius, adding to almost 8 million vehicles the company is repairing for separate defects.

Inside Business

Global crisis threat as states' debts balloon

WELL, now we know what would have happened. Back in the early part of last year, the most frequently asked question here in Ireland was: "Will the IMF (International Monetary Fund) come in? Will the EU/ECB come to the rescue? What will the conditions be?"

A pedestrian walks past Greece's ministry of finance in Athens, Greece, on Monday. Photo: Bloomberg News

Greek fallout will add to company costs globally

Corporate borrowing costs are rising at the fastest pace in more than two months on concern that worsening government finances will slow the global economy and make it harder for companies to meet debt payments.

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