Economy NEWS

Slovenia to privatise 15 companies to avoid EU bailout

Slovenia’s government plans to dispose of 15 state-owned companies, including its second largest bank Nova KBM, largest telecommunications group Telekom Slovenia, flag carrier Adria Airways and Ljubljana Airport, as part of its efforts … Continue reading “Slovenia to privatise 15 companies to avoid EU bailout”


UK’s 0.3% GDP growth in Q1 welcomed by business groups

Business groups have given a cautious welcome to the announcement this morning that the UK has avoided a triple-dip recession, with the economy growing by an estimated 0.3% in the first quarter of … Continue reading “UK’s 0.3% GDP growth in Q1 welcomed by business groups”


Bad weather hits UK retail sales

Retail sales across the UK fell between February and March this year because of bad weather, the Office for National Statistics (ONS) reported today. The quantity bought in the retail sector decreased by … Continue reading “Bad weather hits UK retail sales”


Global economy faces continued sluggish growth, according to Dun & Bradstreet

US commercial information provider Dun & Bradstreet (NYSE: DNB) said it has published a five-year forecast of the global economy predicting continued but sluggish growth against challenging headwinds, differing from region to region. D&B said … Continue reading “Global economy faces continued sluggish growth, according to Dun & Bradstreet”


UK manufacturing output down 1.5% in January

The chances of the UK avoiding another recession are looking slimmer today, with official figures showing a drop manufacturing output for January. After the announcement by the Office for National Statistics (ONS) this … Continue reading “UK manufacturing output down 1.5% in January”


Bank of England keeps interest rates and stimulus unchanged

The Bank of England said today that its Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5% and also resisted calls to inject more money into the economy to help … Continue reading “Bank of England keeps interest rates and stimulus unchanged”


January snow hits UK retail sales

UK retail sales declined from December to January, surprising economists who had forecast sales to grow at the start of the year. Figures released today by the Office for National Statistics (ONS) show … Continue reading “January snow hits UK retail sales”


French government mulls investment in car group Peugeot

France’s government could participate in a capital hike at PSA Peugeot Citroen SA (EPA:UG) if needed, in an effort to help the carmaker limit its increasing losses, daily Liberation cited on Friday an … Continue reading “French government mulls investment in car group Peugeot”


Bank of England reports continued rise in mortgage approvals

Further signs are emerging of a recovery in the UK housing market, as the Bank of England said today that mortgage approvals rose again in December 2012. The number of loan approvals for … Continue reading “Bank of England reports continued rise in mortgage approvals”


UK prime minister pledges referendum on EU membership

The UK faces years of uncertainty over its place in the European Union, critics claim, after Prime Minister David Cameron promised to hold a referendum on membership of the EU. In a long-awaited … Continue reading “UK prime minister pledges referendum on EU membership”


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