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Greece Was Living Beyond Its Means Even Before It Joined The Euro
Jul 9, 2015Greece was living beyond its means even before it joined the euro. After it adopted the single currency, public spending soared.When the global financial downturn hit - and Greece's hidden borrowings came to light - the country was ...
Tags: Greece, Greece debt crisis, Grexit
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Key Points of George Osborne's Sixth Budget
Mar 20, 2015George Osborne has delivered his sixth Budget, and the last of the current Parliament. The key points are as follows: Economy The UK grew 2.6% in 2014, faster than any other advanced economy but lower than 3% predicted in December ...
Tags: George Osborne, Sixth Budget
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Economists Call for Increased Public Spending
Dec 8, 2014Economists are calling for more proactive fiscal policies to counter the deepening slowdown in growth, as China's annual Central Economic Work Conference is set to start on Tuesday. The meeting, usually held in early December, sets the ...
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Reforms Will Impact Sovereign Ratings and Growth Prospects of Developing Asian Economies
Jan 22, 2014China's economic reform is one of the key issues that will impact sovereign ratings and growth prospects of developing Asian economies this year, according to a global credit rating agency. In its latest reports "2014 Outlook: Emerging ...
Tags: Sovereign Rating, economic reforms
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Construction Spending Rose 1% in November to The Highest Pace in More Than Four Years
Jan 3, 2014Frank Polich/Bloomberg News Construction spending rose 1% in November to the highest pace in more than four years, the Commerce Department reported Jan. 2. The increase brought spending to an annual $934.4 billion annual rate, the ...
Tags: construction spending, Commerce Department, public spending
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An Unusual Surge in Public Construction Pushed Its Construction Spending to Highest Level
Dec 23, 2013An unusual surge in public construction in October pushed total construction spending to its highest level since May 2009 despite a dip in both private residential and nonresidential activity, according to an analysis of new Census Bureau ...
Tags: Electrical, Electronics
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The Employment Nearly Keeps Stable in The Remainder in The US
Dec 23, 2013Construction firms added jobs in 39 states over the past 12 months, while employment nearly stabilized in the remainder, according to an analysis released today by the Associated General Contractors of America of Labor Department data. ...
Tags: Metallurgy, Mineral, Energy
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The Budget Sequester and The Government Shutdown Drained $85 Million From FDA
Nov 26, 2013According to federal officials, the budget sequester and the government shutdown have drained approximately $85 million from the FDA's financial reserves. These reserves came from user fees that pharmaceutical and medical device companies ...
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The Brazilian Steel Industry Expects to Increase Its Production in Brazil in 2014
Nov 18, 2013According to Brazil Steel Institute (IABr), the Brazilian steel industry expects to increase its production in Brazil in 2014. The CEO of IABr, Mr. Marco Polo de Mello Lopes said the industry is still working on the outlook for next year, ...
Tags: Brazil Steel, Mineral
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Oman Cement Sales Drops by About 6.6% in Value Terms to $108.5m in The First Nine Months
Nov 18, 2013Oman Cement has said that its sales dropped by around 6.6% in value terms to $108.5m (OR: 39m) in the first nine months of the year, although profits increased by 2% to $38.6m. Although public spending continues to drive the ...
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The German Economy Is on The Verge of an Upturn Driven by Domestic Demand
Oct 29, 2013The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income ...
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Volvo's Trucks Delivery Dropped Four Percent Year-on-Year in August
Sep 23, 2013World number two truck maker Volvo (VOLV-B.ST) said on Wednesday deliveries of its trucks dropped four percent year-on-year in August as shipments fell in both Europe and North America, held back by an extensive renewal of its product line. ...
Tags: Volvo, truck, Transportation
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NHS Patient Record System Has Cost UK Taxpayers £10bn So Far
Sep 22, 2013A grand NHS patient record system that was intended to computerise every patient record - before being abandoned - has cost UK taxpayers £10bn so far. Furthermore, hundreds of millions of pounds more in costs are expected to emerge ...
Tags: Computer Products, software
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Mooncake Is Being Snubbed in China for The First Time Anyone Can Remember
Sep 20, 2013Mooncake is being snubbed in China for the first time anyone can remember, despite of the forthcoming Mid-Autumn Festival, while the fate of crabs is only a little bit better - or worse, depending on your point of view. Luxury mooncakes - ...
Tags: Mooncake, Mitten-Crab
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Australian Dollar Slumped to a Near Three-Year Low During Asia Trade
Jun 13, 2013The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service