The Daily Business Digest

Greece and Spain somehow escaped defaulting few months back, but Ireland seems to be very close to that now. In the last few weeks, Ireland has seen a spate of negative news. The economy seems to have shrunk far more than the worst estimates for the second quarter and with the austerity cuts taking effect, we can only expect it to shrink further in the coming quarters.
The government has lost the majority as some independent parties supporting the government have pulled out and that could also spell political trouble. The Ireland public employees and the general public are at loggerheads with the government as they are already facing the heat of the austerity cuts.
The debt insurance for Ireland government debt has surged to historic high levels , which is seen as an early indicator of tough times ahead.

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The major food crisis of the world is caused mainly due to the natural disasters and market speculation. The food price inflation was recently warned by UN in a emergency meeting. The Food and Agriculture Organisation(FAO)of UN conducted a meeting in Rome where natural disasters were spoken. Last month of August saw a wild fire in Russia which lead Moscow to prevent the export the wheat.

Many food riots which has killed some 13 people in Mozambique in Russia last month. The commodity markets are even speculated pension funds,sovereign wealth funds and large banks.
The markets of the commodity are responsible for the world’s inflation in food. The volatility of the food price and increase in price can be understood outcome of the speculation.

When we go back to early century take 2001 for example where the food commodities markets saw many non traditional investors. Many markets was dried up even stock markets vanished by 2001 and the investors moved to other markets. The food commodities and price has seen many similarities and has a stable market. The food stapling wastage lead to many riots which lead 150 million people hungry.

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Earth is losing a lot of species and habitat warns UN summit on Wednesday. Many nations have been bickering the rescue of these animals and species. UN has even warned that the species are disappearing at a very speed rate of 1,000 times the natural rate. The rate of extinct is very high mostly due to the human activity and the climate changes which is happening.
The implications of the extinct is not understood people warned the secretary general Ban Ki-moon. Ban urged the all these leaders to commit themselves to bring down the biodiversity loss. UN states have even come into a agreement to reduce the disappearance of species. There still lies a confusion of how to bring about the changes and save the species and the wild life. Many measure have taken to bring about the changes in the ecosystem and know the value of these species.
The diplomatic sources say that the UN has not yet taken any yet measures especially with the developing countries.Many species which are going to be extinct are unique plants and animals which has many medicinal properties. Two frogs from south Africa Omaniundu reed and Mount Nimbi reed are feared to be extinct soon and the list includes a splayfoot salamander. The conservationists saw world’s remotest sites to find different ancient species which was back decades.
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Micheal Dell,chief executive of Dell showed off a new tablet of seven inch. Dell is expecting to make at least more than $60 billion revenue for the present year. Dell came into stage at Oracle Open World Conference which was held at San Francisco.
At the conference Dell released new tablet on Wednesday and the details about the device was declined. The Dell Tablet operating system runs on Google Android software and will be available on Best Buy next month. Last month Dell released five inch tablet which was available on Streak company’s on line store. Over the past two Quarters Dell had a growth of 20% and expects m,ore growth again for the present quarter.
The analysts expect Dell revenue rate for the third fiscal year to be as much as $15.8 billion. Dell growth is expected to grow about $62.4 billion for the post revenue as reported by Wall Street Journal. Larger screen tablets were planned to be released by Dell according to the Dell executives. Streak which runs on Android and has facilities of smart phone range costs from $549.99. The worlds second PC maker Dell has started expanding the product portfolio and more importance given to mobiles

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Afghanistan is surrounded by violence due to the Taliban after US has backed its forces in 2001. The afghan forces were backed by US which had both military and civilian causalities The crash happened on the deadliest hours of Saturday when the scores of attacks were launched by Taliban. The attacks were seen across Afghanistan due to the bid in the elections of the parliament.

At present the parliament elections has been tarnished by the fraud number of complaints which increased. on an average Afghanistan watch dog has received about 3,000 complaints formally within a weekend and extended Tuesday as deadline. The complaints have not even ended as still grievances continues as the deadline is announced.A credibility test to Afghanistan was the poll which was watched closely by Washington after Obama had asked for a strategy review.

The strategy review during the month of December will examine the pace of the US troop withdrawals. The helicopter crash happened in the southeast which is the heartland of Taliban.More helicopter details about the crash were declined from the NATO lead International security Assistance Force(Isaf). The nationalities of the dead troops who died through the helicopter crash were not revealed.