Toyota, the world's biggest carmaker, has made its first annual loss as the global economic downturn has hit demand for its vehicles.
The Japanese company said it made a net loss of 436.94bn yen ($4.4bn; £2.9bn) in the year to 31 March, compared with a record profit the year before.
Toyota said expected to make a bigger loss in the current financial year. One can be reasonably sure that when Toyota are suffering losses then the state of the world economy is dire indeed.
Some say we live in interesting times, others claim we live in revolutionary times – perhaps the latter is more appropriate.
When things get turned on their heads, that is a revolution – we do seem to be in a rather upside down situation.
In politics too as in economics, with the first ousting of a speaker from the House of Commons in the UK, it would appear that big changes are afoot.
