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Euro Area Annual Inflation Down to 3.2% in October 2008

added: 14-11-2008

Euro area annual inflation was 3.2% in October 2008, down from 3.6% in September. A year earlier the rate was 2.6%. Monthly inflation was 0.0% in October 2008.

EC Presents Energy Security, Solidarity and Efficiency Proposals

added: 14-11-2008

The European Commission has proposed a wide-ranging energy package which gives a new boost to energy security in Europe, supporting the 20-20-20 climate change proposals which should be agreed by December.

Euro Area and EU27 GDP Down by 0.2%: Third Quarter of 2008

added: 14-11-2008

GDP declined by 0.2% in both the euro area (EA15) and the EU27 during the third quarter of 2008, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the second quarter of 2008, growth rates were -0.2% in the euro area and 0.0% in the EU27.

EU: Safeguarding Security of Natural Gas Supply

added: 14-11-2008

Natural gas is currently the second most important fuel in the EU's energy mix, representing roughly a quarter of EU gross inland consumption. Possible gas supply crises could have very high economic and social impacts. Therefore the EU needs to be prepared to tackle security of supply in an effective way.

Trade Unions Must be Part of any Solution to Global Financial Crisis

added: 14-11-2008

Working people, who will bear the brunt of the global financial crisis, must have a seat at the table and a voice in the discussions about causes, consequences and possible strategies to confront the current crisis. This is the main message to the G20 from leaders of the international trade union movement, representing more than 168 million workers around the world.

Executives Pursue Global Relocation During Uncertain Economic Conditions

added: 14-11-2008

The majority of executives around the world indicated that they are willing to relocate internationally for job opportunities in today's tumultuous economy, according to Korn/Ferry's latest Executive Quiz.

Real Estate CEOs: Paralyzed Credit Markets, Property Value Expected to Drop Further

added: 14-11-2008

Senior real estate believe that dysfunctional U.S. financial markets and the broad economic downturn have paralyzed the income-producing real estate sector - encompassing office buildings, shopping malls, warehouses, hotels, and apartment buildings - according to The Real Estate Roundtable Sentiment Survey for 4th quarter 2008.

Countries In Asia Should Raise Their Vehicle Emission Standards

added: 14-11-2008

The report recommends steps to improve fuel quality and vehicle emissions for creating better air quality in the region. Emissions from motor vehicles continue to pose a significant threat to the environment and lives of Asia’s urban population.

China Inflation Fell in October 2008 to 4%

added: 14-11-2008

It's been a big week for China and its attempts to stabilise and then kick start its slowing economy.

Taxation of Savings: The European Commission Proposes Changes to Eliminate Tax Evasion

added: 14-11-2008

The European Commission has adopted an amending proposal to the Savings Taxation Directive, with a view to closing existing loopholes and eliminating tax evasion. Since 2005, the Savings Directive ensures that paying agents either report interest income received by taxpayers resident in other EU Member States or levy a withholding tax on the interest income received.

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