Hollingsworth Daily Post

• The Irish central bank has said bailing out Anglo Irish Bank will cost up to 34bn euros ($46bn; £29bn) under a worst-case scenario.It said bailing out Anglo Irish would cost 29.3bn euros under a "base" scenario, but it could cost another 5bn euros in a "stress scenario".Last month, the cost of the bail out was estimated at between 22-25bn euros.Anglo Irish was most dependent on property values, the sector worse affected by the credit crunch.
• Shares in games company Nintendo have sunk following news that its new console will not go on sales during the crucial Christmas season.Nintendo admitted that its 3DS machine, which features 3D technology, will not be ready in time, and more than halved its profit forecast for the year.In Tokyo, shares in Nintendo closed down 9.3%.The 3DS will now go on sale in Japan in February, and reach shops in Europe and the US in March.
• Spain has lost its last triple-A credit rating with the major rating agencies, following a downgrade from Moody's.The agency downgraded Spanish debt by one level to Aa1, following similar moves by Fitch and Standard & Poor's earlier this year.Moody's said the downgrade reflected the "considerable deterioration" in Spain's public finances.The slow growth in the Spanish economy would also present challenges, it said.
• UK-based Lotus has revealed details about five new sportscars ahead of their unveiling in Paris on Thursday.The cars, which will hit the road over a five-year period, mark a new start for the carmaker, Lotus says."This is not just about the cars, it's about the complete remake of the brand," boss Dany Bahar told BBC News.
• The US House of Representatives has backed legislation that would pave the way for trade sanctions on China.The Democrat-backed bill passed by 348 to 79, and targets countries that hold down the value of their currencies, as many accuse China of doing.To become law, the bill would also need to be passed by the Senate - unlikely before November mid-term elections - and then signed by President Obama.China said the bill contravened World Trade Organization rules.
• Air France-KLM and sister cargo carrier Martinair are being sued by hundreds of European companies, led by Ericsson and Philips, the firms' lawyer says.The carriers face claims of up to 500m euros ($681m; £432m) in compensation for alleged air cargo price-fixing.They say they were overcharged by 10% on international air freight between 2000 and 2007 because of an illegal price-fixing deal between airlines.The case is being brought in Amsterdam with papers to be filed on Thursday.

BBC Business News 30th September 2010