Hans-Werner Sinn, from FT, warns that European countries efforts to implement green policies in their economies are having a distressful effect: they achieve the opposite of what policymakers intend: "the global extraction of coal, gas and oil shoots up instead of sinking.", because efforts to reduce efforts to reduce carbon emissions in the future "have the effect of accelerating climate change now."

Robert Wade, from Financial Times, reports that alter its whole banking system collapsed last October Iceland may be an indicator of the dangers that await European economy.
People in American and European countries, says Wade, should enjoy good economic news while they last, because they might no last long
In Iceland, when "the government brought in the International Monetary Fund in late 2008 the IMF prescribed deferring the pain for a year. Now the pain is coming."

Nokia is aiming to have 300m users of its services, such as music and maps, but the total stood at 53.9m last Friday, according to Financial Times (FT), and adds the aim represents the most important transformation of the company since it became the world's largest mobile phonemaker in the late 1990s.

According to information published by the Financial Times, Beijing is planning to leapfrog a new generation of automotive technology to lead green car revolution by means of investing electric and other alternative technology to exploit Chinese cash, brains and central planning to hump ahead of older makers in the brave new world of environmentally friendly cars.China becoming the leader of next generation of green cars depends much on the government and the subsequent infrastructure