News Tag: second
February 26, 2010
Last month, the Office for National Statistics (ONS) revealed the UK crawled out of recession in the fourth quarter by seeing growth of just 0.1% in the final three months of 2009.
However, the figures were only the first estimate and the second estimate is to be released this morning.
Yesterday, the ONS reported a sharp fall in business investment, which ...
ONS to publish second Q4 GDP estimate
by Kay Murchie
January 18, 2010
According to the Unite union, British Airways (BA) cabin crew will begin a second strike ballot next week raising renewed fears for travellers.
The announcement comes after a strike planned for Christmas was declared illegal in a High Court ruling.
However, at the time of the ruling, Unite vowed to hold a fresh ballot if the dispute with BA over ...
BA cabin crew to begin second strike ballot
by Kay Murchie
December 23, 2009
According to the TUC, the number of people spending their second consecutive Christmas claiming Jobseeker's Allowance has almost doubled.
Using their calculations from official claimant count data, figures show the number of people claiming Jobseeker's allowance for more than a year rose to 201,015 in November 2009, from 103,930 in December 2008.
Furthermore, the TUC said almost 60 local authorities now have ...
TUC: Official figures show long-term unemployment soars
by Kay Murchie
December 17, 2009
International ratings agency, Standard & Poor's (S&P), has cut Greece's credit rating by one notch, to BBB+ from A-minus.
The downgrade came just a few hours after the Greek government unveiled measures including a 10% cut in public spending.
Last week, credit rating agency, Fitch, also cut Greece’s sovereign debt rating to a decade-low to BBB+ from A- with a negative ...
Greece sees further downgrade in credit rating
by Kay Murchie
November 23, 2009
Thailand, which is south-east Asia's second largest economy, has grown for a second consecutive quarter, according to official figures.
The Thai economy grew by 1.3% in the third quarter from the second quarter when the economy grew by 2.2%, meaning the economy has officially exited recession.
However, the 1.3% was far less than the growth of 2.3%, which economists had expected.
The ...
Thailand’s economy grows for second consecutive quarter
by Kay Murchie
November 12, 2009
Official figures show that the number of US workers filing new claims for jobless benefits last week fell for the second consecutive week to the lowest level since January.
The figures show that claims for state unemployment insurance fell to 502,000 in the week ended November 7, down from the revised 514,000 the previous week.
According to Gary Thayer, chief macrostrategist for Wells Fargo ...
US jobless claims fall
by Kay Murchie
November 3, 2009
Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from 3.25% to 3.5%.
It is the second month in a row that interest rates have increased and the move was not unexpected.
The Australian economy has benefited from an increase in commodity prices, while exports ...
Australia raises interest rates for second consecutive month
by Kay Murchie
August 27, 2009
Business investment in Britain fell by 10.4% in the April to June period - the biggest quarterly fall since 1985.
Official figures show that the amount spent by businesses on a range of investments, such as new computers and building works, fell to £29.8 billion during the period.
According to economists, the figures will raise concerns that Q2 GDP figures could be ...
Sharp fall in business investment in Q2
by Kay Murchie
August 14, 2009
The Council of Mortgage Lenders (CML) has today announced a fall in the number of homes repossessed in the second quarter of the year compared with the previous three months.
According to the CML, 11,400 homes were repossessed in the second quarter of the year. While this was a rise of 14% compared with the same period in 2008, it was down ...
UK repossessions fall in second quarter
by Kay Murchie
October 30, 2008
Taro Aso, Japan’s Prime Minister, has revealed a second stimulus package for the country.
The 5 trillion yen (£31 billion, $51 billion) package is an attempt to stimulate the world's second largest economy and include tax cuts, funding for care of children and the elderly and loans for small businesses.
The package is Japan’s second in as many months after the ...
Japan unveils further stimulus package to boost economy
by Kay Murchie
