News Tag: third
March 11, 2010
Crisis-hit Greece has come to a standstill again today after workers staged the third general strike in as many weeks.
The further strike comes after austerity measures to rescue Greece’s debt-stricken economy angered Greek trade unions.
Greece is currently taking action to reduce its public deficit from 12% to 8% of GDP this year.
The country currently has the highest debt ...
Greece at standstill again in third general strike
by Kay Murchie
February 24, 2010
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of January - the third consecutive month that sales have fallen.
According to the Commerce Department, new single-family home sales dived by 11.2% to a seasonally adjusted annual rate of 306,000 units - the lowest since records commenced in 1963.
The ...
US new home sales in third consecutive monthly fall
by Kay Murchie
February 5, 2010
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 15.6% to £50 million in the week to 30 January compared with the same period a year ago.
The renowned employee-owned department store said it was the third consecutive week of increased sales and ended a "cracking" January.
According to Managing Director, ...
John Lewis posts third straight week of growing sales
by Kay Murchie
January 8, 2010
Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November.
Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month.
The monthly gain was double economists' forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September.
The ...
German exports rise 1.6% in November
by Kay Murchie
December 1, 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 3.5% to 3.75%.
It is the third 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 ...
Australia raises interest rates for third consecutive month
by Kay Murchie
October 16, 2009
There are signs of recovery within the US manufacturing sector after the Federal Reserve reported a rise in industrial production for the month of September.
The US central bank said output at the nation's factories, mines and utilities grew 0.7% during the month - higher than the 0.2% rise expected by analysts and follows the rise of 1.2% in August.
However, ...
US industrial production sees third straight monthly gain
by Kay Murchie
‘Worst of recession over’ as Google exceeds expectations
by Kay Murchie
April 6, 2009
Japan has today announced a fiscal stimulus plan of 10 trillion yen (£66 billion, $99 billion) in an attempt to drag the country out of recession.
The export-dependent economy, which was once seen as relatively unscathed by the global financial crisis, is being hit by a slump in demand for its products overseas.
Many economists believe the economy is heading ...
Japan announces further stimulus package to tackle recession
by Kay Murchie
