U.S. President Obama asked House and Senate joint meeting held 8:00 on the evening of September 7, U.S. time, to deliver his speech to increase employment and stimulate economic, but this time point coincided with the plan in California conflict at the Republican presidential election debate. House Speaker John Boehner suggested Obama speech postponed for one day on the grounds that the House in recess after the first meeting needs to be done "safety investigation". Although it must be a resolution passed by both houses of Congress, Obama can deliver a speech, but the House of Representatives reject the request of the President of situation is rare. Both sides have accused each other of the time scheduled problems. Eventually the two sides issued a statement, the original plan of the Republican debate and the president's address will be the night of the 7th.
"The Guardian": Tesco announced its withdrawal from the Japanese retail market
Indian Airlines, Times of India and the Indian government capital injection of 65 billion rupees
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Sony, Toshiba, Hitachi and Japanese innovative Internet companies on Wednesday announced plans to integrate each company's business, the formation of a global market leader, producing small and medium-sized LCD panels for products such as smart phones and tablet PCs . The new company after the integration of Japan Display will own 22% of the global small and medium-sized LCD panel market share of more than Sharp's 15% and 12% of Samsung. Government-led Innovation Network Corporation will invest 200 billion yen, holding 70% stake in each of the other three companies holding 10 percent. Sony, Toshiba and Hitachi plan to be completed by next spring, business integration, fiscal 2011 is expected to reach 570 billion yen in annual sales, sales in fiscal 2015 to ¥ 7500.
the Indian government to replace the Indian Airlines executives, the final decision to take measures to improve the company's financial condition. From the three aspects of the Indian Civil Aviation Ministry to provide assistance to the Indian Airlines, Air India, inject 65 billion rupees to repay debt, to reduce cash losses of up to 60 billion rupees a month to support the financial balance for the next few years to provide 4400 crore loan to restructure the company's business. Injection of 65 billion rupees of accounts payable used to pay the oil and air traffic control sector, Air India is currently owed 23 billion rupees of the three oil companies owe the Airports Authority of India Rs 800 crore, at present these enterprises are only allowed to cash and Indian Airlines transactions.
"Financial Times": Britain to avoid the Bank in 2015 the big bang
After eight years spent 250 million pounds, the British retail giant Tesco to admit failure in the Japanese market World Steel Pipe News , and decided to exit the retail market in the world's most difficult to overcome. Layoffs in Japan is the world-renowned retailers rare expansion fails, the CEO, Philip Clarke, said, after great efforts, our conclusion is not established in the local economies of scale. Tesco CEO said it would sell local business to focus on the Asia-Pacific region. The UK's largest chain of sales last year in mainland China, South Korea, Thailand and Malaysia, sales of 11 billion pounds. Tesco is not the first to exit the Japanese market chain, before the British drugstore chain Boots the Chemists and French retailer Carrefour recognize the failure of the local business.
"Daily Telegraph": euro area unemployment rate has reached 10 percent in July, Spain, nearly half of young people did not work
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the UK's largest group of banks before the general election in 2015 will not be a major restructuring, the political parties agreed that banks should focus on providing commercial loans to stabilize Britain's faltering economy. British officials said, although in accordance with the legal framework for reform before the vote; Bank criticized the cabinet the largest business secretary world pie network information , Cable also accept the reality, before the general election will not implement additional banking reforms. British Prime Minister Cameron said the most urgent task now is banks need to pay business loans, to support an increase in employment and economic growth, must ensure that do not do risky move, not the employment situation is in jeopardy. British banks in this welcomed the news.
"Japan Times" Toshiba, Hitachi and Sony plans to integrate the LCD business
the U.S. Justice Department on Wednesday sued on antitrust grounds to stop the $ 39 billion merger between AT & T and T-Mobile USA, said were the nation's largest and fourth largest wireless telephone transactions between operators will be to substantially lessen competition and lead to higher prices and less innovative consumer products. AT & T said it would oppose the proceedings, the company said in a statement: "Our plan calls for a quick hearing so the court can fully understand the huge benefit of this M &. Ministry of Justice has the burden of the so-called anti-competitive effects, we are prepared to defend in court. "AT & T, since the M & A transactions announced in March, the company actively working with the Ministry of Justice and the Federal Communications Commission to consult, but did not receive any warning that the government will prevent this mergers and acquisitions. Justice Department officials said that consultations on what the parties believe it difficult to arrange for appropriate conditions for the deal take place. Shali Si • Bonn, Assistant Secretary of U.S. Department of Justice Antitrust Bureau, said: ". If you can not stop this acquisition, competition and innovation will be weakened, consumer interests will be harmed.
New York Times: Ministry of Justice prosecution to prevent AT & T acquisition of T-Mobile USA
"USA Today": The data show that the United States buy site this summer hit
According to Eurostat data show that the euro zone in July unemployment increased by 61,000 people, reaching 15.8 million. This figure shows that within the euro area over the past three months, the number of unemployed increased by 149,000, the highest since May 2010 record. Nominal unemployment rate was 10% in July, unchanged from June. Spanish unemployment up to 21.2%, Austria minimum of 3.7%. Measure of unemployment rate of young people under the age of 25, the euro area reached 20.5%. The same Spain the situation is the worst, at 46.2%, means that almost half of the local young people did not work. The unemployment data increased the concerns of the euro-zone economy, the euro-zone economic confidence index on Tuesday for six consecutive months fell.
Washington Post: Obama to convene the Senate and House of Representatives on the 7th employment speech
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three online research data show, buy the site in the summer hit. Market research firm Experian Hitwise, said last week compared with the second week of June, buy the site visits was reduced by 25%. Analysis firm Compete, studies have shown that the flow of the Groupon in July this year the first monthly ring than to reduce the market research firm ComScore said this week Groupon and LivingSocial's visit last week were lower than several weeks in June. Matt Pace, Compete retail and consumer products division is responsible for people, along with a lot of new companies to enter the buy field, the field has reached a saturation point, consumers may feel tired a deal. Pace that "seasonal" may be the biggest factor of the flow reduction. Retail industry strategist John Lang Seoul, said, buy the site is likely to exceed the number of market demand.
the following September 1, the world's major media financial headlines: