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All New Buildings to Be Zero Energy from 2019

added: 02-04-2009

All buildings built after 31 December 2018 will have to produce their own energy on-site, said the Industry Committee, amending the 2002 Energy Performance of Buildings Directive. MEPs also called for more public investments in energy-efficient buildings.

Economic Recovery Plan: Invest Unspent Funds in Energy Saving and Smart City Projects

added: 02-04-2009

The EU’s economic recovery plan should invest funds not spent by September 2010 in energy efficiency and "smart city" projects, said the Industry Committee on Monday, as it amended the European Energy Programme for Recovery.

Euro Area Unemployment up to 8.5% in February 2009

added: 02-04-2009

The euro area (EA16) seasonally-adjusted unemployment rate was 8.5% in February 2009, compared with 8.3% in January. It was 7.2% in February 2008. The EU27 unemployment rate was 7.9% in February 2009, compared with 7.7% in January. It was 6.8% in February 2008.

Growing Up Is Never Easy: The Pains of Recession Should Lead to More Mature Financial Practices

added: 02-04-2009

Urging the country to put away childish things, President Obama could have been talking about poor spending habits. Like children, this nation demanded instant gratification. The retail concept of lay-away, popular just 30 years ago, went the way of the drive-in movie. No longer satisfied with buying what is affordable, Americans embraced run-away equity lines and defined themselves by what could be bought on credit. But those days are no more - and maybe it's for the better.

U.S. Companies Preparing to Adopt International Financial Reporting Standards (IFRS)

added: 02-04-2009

Chief financial officers and other executives of U.S.-listed companies believe the conversion from U.S. Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS) will present an opportunity to transform their finance functions and create more value for their companies by mitigating financial reporting risk, increasing financial transparency and creating operational efficiencies, according to an Accenture study.

The Conference Board Consumer Confidence Index™ Relatively Unchanged in March 2009

added: 02-04-2009

The Conference Board Consumer Confidence Index™, which had declined sharply in February, was flat in March. The Index now stands at 26.0 (1985=100), up from 25.3 in February. The Present Situation Index declined to 21.5 from 22.3 last month. The Expectations Index increased to 28.9 from 27.3 in February.

30-Year Mortgage Rates Remain Low for Second Week

added: 02-04-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady for the second consecutive week at 5.09 percent, up slightly from 5.06 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

As Global Economy Deteriorates, World Bank Predicts Sharply Slower Growth in Developing World In 2009

added: 01-04-2009

GDP growth in the developing world will slow to a projected 2.1 percent in 2009 from 5.8 percent in 2008, according to World Bank estimates. The Bank has more than halved its November 2008 projection of 4.4 percent growth in developing countries in 2009, reflecting the rapid deterioration of global financial and economic conditions.

Massive Rise in Unemployment Needs Fast, Decisive Response, says OECD’s Gurria

added: 01-04-2009

Crisis Hurting Developing World, G-20 Must Restore Confidence

added: 01-04-2009

World Bank Group President Robert B. Zoellick said there would be a sharp slowdown in economic growth in the developing world this year, putting more poor people at risk, and the Group of 20 must not shrink from combining ideas and actions to restore confidence in the world economy.

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