The Artesian Blog takes a look at the business headlines:
Nissan electric car plan may save 4,000 UK jobs - Nissan is today expected announce further investment in its plant in Sunderland, raising the possibility the Japanese carmaker will begin manufacturing hybrid vehicles in the UK.
An announcement is expected to tie in with a visit to the plant by Lord Mandelson, the Business Secretary, and bolsters hopes that Nissan’s plans will safeguard 4,000 UK jobs. Nissan is the biggest single-site employee in the North East. (full story)
Warning to UK and France on derivatives - Rivalry between Paris and London could jeopardise Europe’s competitiveness in the vast “over-the-counter” derivatives markets, France’s stock market regulator has warned.
Jean-Pierre Jouyet, chairman of the Autorité des Marchés Financiers, the French regulator, told the FT that disagreement between the two countries over how to regulate trading in these complex products could hinder a European solution and drive business to the US. (full story)
Tories would scrap financial watchdog - The Financial Services Authority (FSA) should be abolished and the Bank of England put in full charge of regulating financial institutions, Conservatives said.
The Conservative Party, widely expected to win an election next year, said on its web site the country needed a "strong regulator" and its plans to create one would be set out later in its "plan for sound banking" document. (full story)
Domino's Pizza bucks the recession - Domino's Pizza, the fast-food chain, is bucking the recession and benefiting from Britain's unrelenting demand for pizza, with profits rising 25pc.
The pizza delivery group is benefiting from growing sales through the internet and increased short-term marketing offers – which included the sponsorship of Britain's Got Talent – at a time when the cost of advertising is stabilising. (full story)
Swine flu epidemic could derail Britain's recovery - A swine flu epidemic would cost the UK economy almost £50bn, according to one of the nation's most respected groups of economic forecasters, the Ernst & Young ITEM Club, which uses the Treasury's economic model to produce its forecasts.
Added to the expected shrinkage in the economy this year of 4.5 per cent, a worst-case scenario would see a total drop of 7.5 per cent in GDP – the most for at least 75 years – with another loss of national income to come in 2010. (full story)
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