News bulletin – answers

Business Update: Europe fears flu

questions

1. What is the last thing Europe’s economy needs? a cold
2. Why? because it is already struggling to recover from the financial crisis
3. What has the swine flu pandemic done to markets? spooked them
4. What does this mean? there is fear there (to spook to make fearful, unnerve)
5. Which airlines were hit first? British Airways and Iberia
6. Which companies have benefited from the news about the flu virus? Pharmaceutical companies
7. Who makes ‘Tamiflu’? Roche
8. Which other pharmaceutical company has seen an increase in share price? GlaxoSmithKline – GSK
9. How much has Societe Generale written down according to reports? US$ 6.6 billion
10. How is German consumer sentiment? holding firm
11. What will the effect of this be? protection of the German economy
12. Where is Scania based? Sweden
13. Which brand is expecting to post a significant profit this year? Audi
14. What happened to key European markets at the beginning of this week? they tumbled