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Global financial crisis
A pedestrian crosses a road in Tokyo, Japan. The economy of Japan expanded last quarter, the most in a year, as consumer spending and export gains outweighed the weakest business investment since the earthquake and tsunami of March 2011
People take their break in the business district of La Défense, Paris, on Wednesday. France’s economy has fallen back into recession, spelling trouble for the region. Insee, the national statistics agency, said gross domestic product fell 0.2 per cent in the first quarter of the year. It also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3 per cent retraction.
A protestor wearing a mask with the colours of the Kenyan flag participates in a demonstration against lawmakers’ salary demands outside the parliament buildings in the capital Nairobi on Tuesday. Kenyan police in riot gear fired teargas and water cannon in attempts to disperse about 200 protesters.
Pensioners shout slogans and hold a flag depicting Che Guevara during an anti-austerity demonstration in central Athens on Friday.
A group of Chinese workers have lunch by a road in Beijing on April 16 2013. Growth in China slowed to 7.7 per cent in the first quarter, data showed on April 15, below forecasts and fuelling fears that a recent pick-up in the world’s second-largest economy is faltering on weak overseas demand.
An investor naps in front of screens showing stock information at a brokerage house in Qingdao, Shandong province on April 12 2013. China shares extended a weekly losing streak to three with a feeble finish on Friday, dragged down by weakness in the brokerage sector with Founder Securities diving almost 7 per cent.
Rocky road: Dieter Zetsche, Daimler CEO, attends the company’s annual shareholder meeting in Berlin April 10, 2013. The German premium automaker is likely to cut its profit expectations for the year, after it said on Wednesday that its core European markets continue to weaken. Daimler has fallen behind its German rivals BMW, and Audi due to deep-seated problems in China and the latest profit warning is another dent in the credibility of Mr Zetsche, whose contract extension in February nearly ended in a boardroom coup. Daimler may need to revise its full-year profit goal after the car and truckmaker warned that European automotive markets remained in the doldrums.
Protesters demonstrate against a bill to reform the country’s labour laws based on an agreement reached between employers and unions, on April 9 2013 in Lyon. The bill is designed to give more flexibility to employers but also to offer more protection to employees, a key concern of French unions. The banner reads “no to all laws of social regression”.