Finance ministers and central bankers from the world’s leading industrial countries expressed strong support for the revival of Doha round talks and resisting protectionist sentiments. The ministers in the summit raised hopes that a multilateral deal on global trade could be reached in the com[...]
Posts Tagged ‘UK’
June 13th, 2012 - 10:37 am § in News Of Economy
G7 ministers pledge to revive Doha round and resist protectionist policies
April 28th, 2012 - 12:24 pm § in News Of Economy
Inflation driving up pay deals in the UK
The rising inflation in the UK is propelling all pay deals above 4%. A report released by the Income Data Services (IDS) of England shows that the normal pay deal held stable at 3.5% in the preceding three months to April has now crossed one percent more corresponding to the rising level of inflatio[...]
April 25th, 2012 - 12:19 pm § in News Of Economy
Inflation fell to 2.8 percent in April
The UK’s inflation rate slowed in April, thanks to lower energy bills and the Bank of England. Consumer price Index (CPI) slashed by 0.3 percent to 2.8 percent against 3.1 percent in March. The CPI fall recorded on the drops in energy prices, Power suppliers have been reducing prices since March a[...]
April 9th, 2012 - 5:59 am § in News Of Economy
UK approves Atomic reactor plan
To satiate the growing energy needs, UK has approved four reactor developers to build new nuclear power stations. Areva, the world largest reactor maker, along with Japan’s Westinghouse, US giant General Electric and Canada’s AECL, has won the approval from the Nuclear Installations Insp[...]
April 8th, 2012 - 6:22 am § in News Of Economy
UK can face more job cuts in Airbus
French President Nicholas Sarkozy’s vow to reopen discussions about the Airbus restructuring plan has triggered concerns that UK might face further job cuts than those set out earlier this year under Airbus’ Power8 restructuring plan. UK MP, Peter Luff, assert that Mr Sarkozy might attem[...]
February 4th, 2012 - 6:43 am § in News Of Economy
House prices in UK to drop by 10% next year
The sub-prime rate crisis in the US has plunged its housing sector to an unprecedented crisis. The mortgage market difficulties is set to trigger a global effect with David Miles, the chief UK economist of Morgan Stanley warning the UK government that the housing prices in the country will plummet b[...]