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European banks have suffered more badly than their US counterparts in the credit crunch says a data.
The European banks have suffered over 200 billion dollars credit loss vs only 166 billion by US banks. This is based on data from Washington based Institute of International Finance.
Another alarming data is that while US banks have raised additional capital of 141 billion, European banks have been able to raise only 126 billion dollars. This is expected to impact credit flows into the European economy in coming months. To overcome this the European banks need to raise more capital which is very difficult and costly in the current scenario.

Most of the hotels offer good discounts if booked in advance. Apart from the comfort of confirmation on availability according to our plans, we also get the benefit of saving on costs. But we may still be losing some money because we have not booked on other alternative options which we are not aware.
Now with the internet connected world, by just logging into www.i4reno.com i.e. reno hotels, you will be able to get the complete list of hotels in each price range, and also by name, so that you get the benefit of choosing the best hotel in terms of cost and comfort for you. Happy smart online hotel booking in future.

The Number one car company in the world Toyota is now planning to enter into making the Hydrogen fuel based cars on a trial basis. The first roll out is expected by the beginning of 2009 and is expected to mark a big technological leap for the world worried by ever rising crude oil prices, and also the ozone depleting gas emissions. These cars do not emit any gas and the residue is only water. The constraint currently is in getting the refilling of Hydrogen done for these cars, on which these companies are working on. Big breakthrough on this will help the world to switch over to these non petrol / diesel based cars in a very big way.