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Most Job Cuts Due to Internal Restructuring

added: 31-07-2007

A total of 72,051 job cuts were announced in Europe between 1 April and 30 June 2007 as a result of 335 company restructuring cases, the latest European Restructuring Monitor (ERM) quarterly reveals. The UK records the largest numbers of job losses, followed by Poland, Italy, the Netherlands and Germany. These five countries made up 67% of all announced job losses in this quarter.

Luxury Consumers Spent More Buying Luxuries in the Second Quarter

added: 31-07-2007

Affluent consumers went on a spending spree for luxuries in the second quarter 2007. The typical luxury consumer spent $15,283 buying luxury goods and services during the second quarter, 9 percent more than the average expenditure of $14,024 in the first quarter. This according to the results of Unity Marketing's Luxury Tracking survey of 1,000 affluent consumers conducted at the close of the second quarter 2007 (average income $155,500 and average age 44.3 years).

South Asia Needs to Refocus on Education and Health

added: 31-07-2007

South Asian countries must meet the rapidly changing educational and health needs of their people if the region is to remain an engine of economic growth in Asia and the rest of the world, a new report by the Asian Development Bank (ADB) says.

CEE Markets Continue To Lift Profits Of Major Austrian Banks

added: 30-07-2007

Fitch Ratings expects major Austrian banks to continue benefiting from their exposure to Central and Eastern Europe ("CEE"), where demand for credit remains substantial on the back of accelerated growth in most CEE economies. However, rapid retail loan growth in CEE could - if not properly controlled - lead in the medium-term to asset quality problems if CEE economies turn down.

Surging East Asian Capital Inflows a Big Concern

added: 30-07-2007

Continued strong growth in the People’s Republic of China and only slightly moderating expansions in the newly industrialized economies and most of ASEAN should lead emerging East Asia to robust 8.1% GDP growth in 2007 and 7.9% in 2008, says a new report issued by the Asian Development Bank (ADB).

U.S. Investors Continued To Fear About Economy Condition

added: 30-07-2007

US stocks plunged for a second day on Friday, as investors continued to fear that deterioration in the credit markets will hurt chances for more corporate buyouts, and that losses in the subprime mortgage market may spill over into the broader economy. A nearly 3 per cent rise in oil prices to their second-highest settlement on record also added to economic worries.

Brazil joins OECD countries in landmark pact on civil aircraft export credits

added: 30-07-2007

The world’s major civil aircraft exporting countries, including OECD countries and Brazil, announced a landmark agreement limiting government support for export deals in an effort to end acrimonious trade disputes and encourage manufacturers and airlines to focus on price and quality rather than on financial packages of government support.

Chinese Economy Is Stabilizing

added: 30-07-2007

Xinhua Finance survey shows stabilizing following two months of deterioration as strong production and sales levels counteract the impact of rising interest rates.

IP Telephony’s Enhanced Capabilities Impel Move Toward Next Generation Communications

added: 30-07-2007

With VoIP gaining traction in the recent years, enterprises are realizing that the benefits of IP telephony exceed mere cost reductions. Companies have realized that merging voice and data in a single network provides an enhanced communication experience.

Worldwide Demand for New Water Technology and Management Systems Is Growing

added: 30-07-2007

The worldwide demand for new water technology and management systems is constantly growing, in both developed and developing countries. For example, it is estimated that China alone will spend hundreds of billions of dollars over the next several years for wastewater treatment and infrastructure. Annual U.S.e government assistance for meeting wastewater standards in the U.S. is about $4.5 billion.

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