World RoundUp September 2

• Source: Global Times
• [01:38 September 02 2009]
• Comments

Eurozone jobless peaks

In the 16 eurozone nations, 15.09 million people were unemployed in July – the seasonally-adjusted rate of 9.5 percent marking a watershed last seen in May 1999, the Eurostat agency said yesterday.

Analysts also warned of a further deterioration in the labor market.

Japan autos halt decline

Japan's auto industry saw fresh signs of a budding recovery yesterday with domestic vehicle sales showing the first year-on-year increase in 13 months.

The Japan Automobile Dealers Association said 198,265 new cars, trucks and buses were sold last month, a 2.3 percent increase on August 2008.

Airlines lost $2b in Q2

Over 50 global airlines lost $2.021 billion during the second quarter, bringing industry losses for the first half to $6 billion, IATA said yesterday.

The association had earlier forecast that losses for the full year would reach $9 billion.

Agencies