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David Phillip Named Manager of New St. George's Office

Nissan have stepped up production of its Leaf model after demand for the electric vehicle grew significantly. Although it was only released in December, demand for the Leaf means Nissan will increase production and will aim to build 10,000 cars by the end of March.

Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June, which has been the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

Japan’s exports marked their fifth largest annual gain on record in April. Exports rose 40.4 percent from a year earlier, more than a median market forecast for a 38.9 percent increase and the fifth straight month of gains, trade balance data released by the Finance Ministry showed yesterday. Versus March, exports rose 2.3 percent in April.

By Christiaan Hetzner

French President Nicolas Sarkozy said Thursday France would put "a lot of money" into aid for the car industry, which is one of France's biggest employers.