Toyota Prius sales accelerate in Japan

Toyota’s Prius hybrid outsold all other car brands in Japan last month. The world’s No 1 car company moved 27,000 units of the car off dealer lots. It is the 10th straight month in a row that the Prius was the top-selling car in Toyota’s home market.

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Iceland rejects ‘Icesave’ depositors Bill

Icelanders have rejected by a massive majority a Bill that would have saddled each citizen with $16,400 of debt in protest at UK and Dutch demands that they cover losses triggered by the failure of a private bank. This has left Iceland’s IMF-led loan in limbo and prompted Fitch Ratings to cut its credit grade to junk. Moody’s Investors Service and Standard & Poor’s have signalled they may follow suit if no settlement is reached.

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Germany wants a new Monetary Fund

Europe needs an institution similar to the International Monetary Fund to combat situations such as the Greek fiscal crisis, according to Germany’s finance minister.

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