There are many fraudulent things happened around the world. It is increasing day by day to a great extent. The insurance industry paid almost 1.6 million pounds for their consumers in a short duration. It was a fraudulent act by the Mohammed Patel.  He is responsible for staging almost 92 car crashes. He charged 500 pounds for staging such accidents. The fraudsters can claim from the industry of up to 17000 pounds. AXA insurance caught up and they contacted the police. The detectives caught the victim that he deliberately crashed his client cars by applying the brake so that his client behind could not avoid collision. He himself raked almost 46000 pounds. He made use of that money for his girl friend. He was admitted for17 charges including conspiracy. The law should be such that the fraudulent should not commit in the near future.

There are huge job losses in the world mainly because of recession. The top banks including Lehmann brothers bankrupted. Most of the countries find it hard to come out of recession. The recession hits in almost all the industries. But the china has a positive growth this year. It achieves its growth target of 8 percent. The reports indicated that their industrial production and retail sales accelerated in the month of September. The government also announced four trillion yuan for spending on infrastructure. The investment played a vital role in the GDP growth. They also hit the record investment in factories, construction and also other assets. The automobile industry also rose in the sales of up to 9.66 million vehicles in the beginning of the year. There must be a constant development. The economy of the country matters a lot as it decides the country’s status.

Most of the companies are struggling because of recession. There are huge job losses across the world. The United States is heavily stunned because of the economic turmoil. The growth of many companies decreased to a certain extent. The top companies like Lehmann Brothers bankrupted. The recent news is that the New York Times planned to cut 100 newsroom jobs. This is the second time that the Times have reduced the news room jobs. There is a huge loss in the advertising revenue which leads to the job losses. The other Publishers like USA Today Publisher Gannett Co Inc also facing the same problem. They are reducing the salaries, selling assets mainly due to the decrease in the revenue. The company already reduced the pay by 5 percent.  The scene seems to be tough for more people. Many countries started to rise from recession. It would be better if the world recover from the recession soon.