Unemployment across the nations which make up the eurozone moved up during February, going from January’s figure of 10.7%, to 10.8%. The rate is now at its highest point since the euro was introduced in 1999. Spain had the highest rate of unemployment during the month, with 23.6% of people being unemployed. Portugal (15% unemployed), [...]
China recorded its biggest trade deficit for at least a decade during February, as the level of commodity imports soared as businesses built up their supplies. The trade deficit was $31.5bn after imports went up by 39.6% from the same time last year, the nation’s customs bureau has stated. Exports meanwhile, increased by only 18.4%. [...]
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British supermarket chain Asda has revealed that it plans to open 25 new stores and 3 depots in the UK in 2012. The new openings are expected to result in the creation of 5,000 new jobs this year. A new depot will be opened by the company in the town of Rochdale, an existing depot [...]
The amount of UK-based companies who cautioned that their profits would be lower than predicted went up by over 70% in the final three months of 2011, according to the findings of a recent report. Businesses listed in the UK issued 88 profit warnings in the last quarter of last year, according to the accountancy [...]
Posted in Featured Post, Finance Tags: amount, Business, final three months, Finance, LON, report businesses, sector, sportswear retailer, uk businesses No Comments »
Official figures reveal that UK unemployment increased by 118,000 in the three months up to November 2011, to reach a figure 2.69 million. The UK’s Office for National Statistics (ONS) announced that the rate of unemployment has also risen from 8.3% to 8.4%, hitting its highest figure since January 1996. During December 2011, the amount [...]
The unemployment rate in the US fell in November, as it dropped from its October figure of 9% to a level of 8.6%, official figures state. This is its lowest point in around two-and-a-half years. According to the US Department of Labor, the American economy added 120,000 new jobs last month, keeping in line with [...]
George Osborne, the UK’s Chancellor, said yesterday as part of his autumn statement that pay increases in the public sector will be restricted to 1% for around two years, and more public sector jobs will be lost than formerly believed. The Chancellor also cut his growth forecasts for Britain’s economy. His statement also said that [...]
Workers from the UK’s public sector staged a strike over pensions today, in what workers unions believe could be the largest walkout in a generation. As a result, thousands of schools across the nation shut today, while a number of hospital operations were also cancelled. Figures from the Department for Education indicate that over 50% [...]
The IMF (International Monetary Fund) has cautioned China that a “steady build-up” of vulnerabilities is occurring in its financial sector. In its first official assessment of China’s finances sector, the fund has called for reforms in the country to promote more balanced economic growth and better financial stability. The IMF has stressed that the sector [...]
Official figures have revealed that the number of unemployed people in the UK increased sharply in 2011’s second quarter. 2.51 million UK citizens are now unemployed, after the total rose by 80,000 between March and June. The UK’s Office for National Statistics has said that the rise is the biggest in nearly two years – [...]
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