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Japan's problem of plenty: How to spend $100bn?What do you buy the nation that already seems to have everything? That is the question facing Japanese Prime Minister Shinzo Abe as he aims to spend more than $100 billion on infrastructure in the next 15 months to help revive More… |
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Euro zone economy falls deeper into recessionThe euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the currency bloc's first full year in which no qu More… |
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Britain faces 'triple dip' recession riskBritain's economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London's Olympics pushing it perilously close to a "triple-dip" recession. More… |
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Auto industry posts best US sales year since 2007US auto sales rose 9 per cent in December, capping off the best year for the industry since before the recession, while the 2012 sales hit 14.5 million new vehicles, a rise of 13.5 per cent against the previous year. The year' More… |
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Auto industry posts best US sales year since 2007US auto sales rose 9 per cent in December, capping off the best year for the industry since before the recession, while the 2012 sales hit 14.5 million new vehicles, a rise of 13.5 per cent against the previous year. The year' More… |
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EU zone recession deepens in Q4The euro zone recession has deepened in the current quarter after the bloc's private sector contracted for the 11th straight month in December, a purchasing managers' index suggested on Friday. While the index rose from No More… |
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Sanctions push Iran into recessionSanctions imposed on Iran over its nuclear program have pushed the country into recession, a global association of financial services said on Monday. Crude oil exports have dropped sharply, the More… |
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Euro zone slips into second recession since 2009The euro zone fell into a recession in July-September, the second since the global financial crisis in 2009, as French resilience could not make up for a slump across Europe and the three-year debt crisis slowed Germany to a crawl. More… |
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UK storms out of double-dip recessionBritain stormed out of its longest double-dip recession since the 1950s after its economy returned to growth in the third quarter with a robust gain of one per cent, said its official data. British gross domestic product, or combi More… |
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59pc of crisis-hit Italians recycle food leftoversItaly's passion for eating is world famous but more than half of Italians are now recycling food leftovers to prepare new meals as they try to save money and weather a year-long recession, a survey showed on Friday. More… |
